Finspiration Australia. Chart Analysis for Australian and Internatinal Stock Markets.

 28/10/22.  Morning Report.

Overnight:  Mixed results in America with Tech down again.

Dow Jones +0.61%.  SP500 -0.61%.  Nasdaq -1.63%.  Small Caps +0.35%.  Banks 0.00%.

Tech stocks were affected by a plunge in Meta, down -24.6%

SP500.

SP500 has stalled at the 50-Day MA.  Watch for a test of the Supertrend Line (yellow) and the 20-Day MA.

Commodities.

Commodities Index +0.16%.  Energy +0.59%.  Base Metals -0.86%.  Agriculture -0.6%.  Gold -0.15%.

Iron Ore Futures collapsed, down -12.2%.

That's going to affect our big iron ore miners.  At 10.55 a.m., BHP is down -3.42%, Rio down -3.02% and FMG down -5.19%.

XJO down -0.5%.  Financials doing the heavy lifting, up +0.53%.

Bitcoin.

Bitcoin was down modestly overnight -0.39%.  It remains in a bullish profile.