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

 23/11/22.  Finspiration Wed. Morning Report.

Overnight in America.

Dow Jones has broken out to a new high, up +1.18%.  SP500 +1.36%.  Nasdaq +1.36%.  Small Caps +1.18%.  Banks +0.98%.

SP500.

SP500 is bullish on this Candlestick chart with the Index above the Kumo Cloud.  Conversion Line (blue) is above the Base Line Red.  SP500 had a new closing high but not a new intra-day high.

It remains below the 200-Day MA - which will remain a key resistance level.

Renko Chart remains bullish.  Stay with the trend.

Advance-Decline Line (Cumulative)

A-D Line is in an up-trend, confirming the bullish trend in the SP500.

Commodities.

Commodities Index +1.04%.  Energy +1.59%.  Base Metals +0.68%.  Agriculture +0.15%.  Gold +0.12%.

Iron Ore Futures -0.5%.  That's about the only blot on the overnight figures.

After 30 minutes of trading this morning, XJO is up +0.87% building on yesterday's positive move.

Bitcoin.

Bitcoin remains in a down-trend.  Avoid.