13/12/22. Finspiration Report Tuesday Evening.
ASX had a positive if disappointing day on the market today.
In early trading, XJO was up about +0.6% but weakened during the day to finish up +0.31%,
The chart remains in a short-term down-trend with a Triple Supertrend sell signal.
On the plus side, the 50-Day MA is close to completing a "Gold Cross" above the 200-Day MA. That is usually taken by chartists as a change to a bull market.
Financials (XXJ) did well today, up +1.4% but the market was pulled back by a hit on the miners, XMJ down -1.4%.
Despite the positive result on the XJO, VIX rose today +2.05%, Vix normally trades inversely to the major market index.
Breadth was flat today. Advances 631. Declines 639. New Highs 10, New Lows 13.
The big news tonight will be from the U.S. where the Consumer Price Index will be revealed. That's a guide to inflation and what the Fed will do at its meeting this week.
Stay Safe.
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