Wednesday, October 12, 2022

Finspiration Australia. Chart Analysis for Australian and International Stock Markets. + Bitcoin

 13/10/22.  Overnight in America - stocks sustain small losses.


Dow Jones -0.1%.  SP500 -0.33%.  Nasdaq -0.09%.  Small Caps -0.66%.  Banks -0.14%.

SP500.


Last night was a narrow range day - expect a wider range tomorrow.

XP500 is oversold - it can remain so for long periods of time - particularly in a bear market.

Wait.

Commodities.


Commodities Index finished flat 0.00%.  Energy -0.24%.  Base Metals +1.71%.  Agriculture -0.79%.  Gold +0.53%.

XJO has opened flat today.  Little movement is expected.

BITCOIN.


Bitcoin was afflicted by the same malaise as Stocks and Commodities.  Little movement.  It remains in a short-term down trend and a longer-term down trend.

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