Friday, November 25, 2022

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

 26/11/22.  Finspiration Saturday Report.

U.S. markets finish Thanksgiving Week on a mixed note.


Dow Jones +0.45%.  SP500 -0.03%.  Nasdaq -0.52%.  Small Caps +0.21%.  Banks +0.36%.

DJ has been leading the market.  RSI is now above 70 (overbought), be prepared for a pull-back.

SP500.


SP500 is stalling at the 200-Day MA.  A move above that line would be bullish but that seems unlikely.

CCI is showing a negative divergence, so the next move is likely to be down.


Commodities.


Commodities Index -0.88%.  Energy -1.44%.  Base Metals -0.47%.  Agriculture -0.05%.  Gold +0.09%.

There's not much in the Commodity figures for Australian resource stocks on Monday.

Bitcoin.


Bitcoin remains in its long-term down-trend although consolidating near its lows.  Until we see much more positive action - I'd avoid.


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