Tuesday, November 8, 2022

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

 9/11/22.  Morning Report.

Overnight in America.  Stocks rise again.


Dow Jones +1.02%.  SP500 +0.56%.  Nasdaq +0.49%.  Small Caps +0.12%.  Banks +0.56%.

SP500.


SP500 is up for three days in a row and running into resistance of the Supertrend Line.

MAs 3/8/20/34 are all aligned in bullish fashion so there is plenty of nearby support.  I doubt the resistance of the Supertrend will hold up advance for too long.  

Commodities.


Commodities Index -1.21%.  Energy -2.37%.  Base Metals +1.28%.  Agrivculture -0.5%.  Gold +2.31%.

ASX should have another strong day today.

Bitcoin.


Bitcoin had a big fall last night down about -10% in USD.  It is back down into bear country.  Avoid.

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