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

24/11/22.   Finspiration Thursday Morning Report.

U.S. Markets move up overnight.

Dow Jones +0.28%.  SP500 +0.59%.  Nasdaq +0.99%.  Small Caps +0.12%.  Banks +0.32%.

SP500.

SP500 remains in a short-term up-trend.  It is coming up to resistance of the Kumo Cloud.

Stochastic RSI has lifted into the "stress" level (coloured blue).  I'll be looking for a turn down in the RSI to signal a pull-back.  So far, RSI at 55.29 is well below the overbought level of 70.  This could have further to run up.  Stay with the trend.

Commodities.

Commodities Index -1.38%.  Energy -2.64%.  Base Metals flat 0.00%.  Agriculture -0.4%.  Gold +0.62%.

Gold shows a bullish engulfing candle - it is a fairly reliable signal so we may see more upside in Gold.

After 90 minutes of trading this morning, ASX continues to build on recent gains.  XJO up +0.4%.

Bitcoin.

There's nothing to like in this Renko Chart of Bitcoin (USD).  It remains in a strong down-trend.  Avoid.