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

 12/11/22.  Finspiration Morning Report.

Overnight stocks extend rally.  Commodities rise.  Bitcoin pulls back.

Dow Jones +0.1%.  SP500 +0.92%.  Nasdaq +1.88%.  Small Caps +0.56%.  Banks +1%.

SP500.

SP500 is in an up-trend from mid-October.  It seems headed for the 200-Day MA.  (DJ is already over that level.) 

We are now in a buy-the-dips scenario.  

Commodities.

Commodities Index +1.91%.  Energy +2.09%.  Base Metals +3.08%.  Agriculture +0.25%.  Gold +0.66%.

With both stocks on commodities on the rise, we should have another good day on the ASX on Monday.

Bitcoin.

Bitcoin fell back -5.84% overnight.  This remains a day-trader's market.  Long term investors might look elsewhere.

Stay Safe