22/11/22. Finspiration Report, Tuesday Morning.
Overnight in America, markets fall.
Dow Jones down just a little -0.13%. SP500 -0.39%. Nasdaq -1.09%. Small Caps -0.33%. Banks +0.33%.
Defensive Sectors such as Utilities, Real Estate and Consumer Staples performed better than the broad market.
SP500.
Today I'm using an arcane Japanese chart called a Renko Chart. A new block is added to the chart only after a specified amount of change has occurred. The Renko Chart continues to show an up-trend although SP500 was down last night - not enough to add a new negative block.
The Index is overbought on Money Flow Index and Stochastic so the next move is likely to be down.
Commodities.
Commodities Index -0.36%. Energy +0.12%. Base Metals -1.94%. Agriculture +0.2%. Gold -0.56%.
DBC and DBE both show plenty of intra-day buying. Next move is likely to be to the upside.
Yesterday in Australia.
Yesterday in Australia, the XJO was down just a little -0.17%. The trend on the Renko Chart remains up - stay with the trend until it changes.
Bitcoin
Bitcoin in USD is in a down-trend. Avoid until we see evidence that the trend has changed.
Bitcoin was down -2.57% last night.
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