3/12/22. Finspiration Saturday Report.
Yesterday in Australia.
XJO fell yesterday -0.72%. For the past five days, it is up +0.58%.
Since 14 October, XJO has held in the upper half of the Bollinger Bands. The trend is clearly headed up, but RSI was above 70 on Thursday - over bought, be wary of a trend change.
Last Night in America.
Marginal changes in major indices. Banks down. Stocks were well down early in trading after a better than expected employment report, but regained most of the lost ground during intra-day trading.
Dow Jones +0.1%. SP500 -0.12%. Nasdaq -0.18%. Small Caps +0.4%. Banks -0.99%.
SP500.
SP500 remains in an up-trend where it's been since mid-October. It is up +1.13% in the past five days.
Momentum as shown on the MACD has flattened out. So we may see a pull-back in the near future.
Commodities.
Commodities Index -1.06%. Energy -2.09%. Base Metals +1.94%. Agriculture -0.3%. Gold -0.35%.
Bitcoin.
Bitcoin is in a short-term up-trend but still below the Supertrend Line (7/1.5).
Bollinger Bands are beginning to tighten up - expect some more consolidation and then watch for a big move - either up or down.
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