Thursday, November 24, 2022

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

 25/11/22.  Finspiration Friday Morning Report.

Overnight, U.S. markets were closed for Thanksgiving.  European markets were up:  European Stoxx600 up +0.46%.  German DAX +0.8%.  French CAC +0.4%.  London FTSE flat.

Yesterday in Australia, XJO up just +0.14%.  This morning after 30 minutes of trading it remains flat, up +0.1%.


Stochastic RSI (bottom panel) is up in the "stress" zone.  RSI is close to being overbought - be wary of a change in trend.

BHP is being threatened with strike action at its big Chile copper mine. Down -0.56% this morning.

In sectors, Energy (XEJ) is the biggest loser so far, down -0.95%.  Info.Tech (XIJ) is doing best, up +0.82%.  Financials (XXJ) up modestly +0.2%. 

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