Thursday, October 6, 2022

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

 6/10/22.  Oz Market barely moved today.


XJO finished up today just +0.03%.

Breadth was mildly positive, Advances/Declines = 719/613.  53.91%.

Sector balance was lopsided with five out of eleven sectors positive.  Energy led the advance +2.2%.  Utilities tagged along for the ride, +1.1%.  Other sectors on the positive side, but without conviction, were:  Industrials +0.1%, Info Tech +0.2% and Materials +0.5%.

The fast Stochastic on my XJO chart is at 97.41, overbought, so the easy money for this rally has already been made.  There might be more upside, but don't expect a lot.


No comments:

Post a Comment

Finspiration Australia. 14/11/23. Tues. Morning Report.

Mixed Results in New York.  Energy up. NAB ex-dividend today. Dow Jones +0.16%.  SP500 -0.08%.  Nasdaq -0.11%.  Small Caps -0.07%.  Banks -0...