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

  Chart Analysis on this Blog is purely descriptive.  It is written for informational and educational purposes and should not be taken as financial advice.  Do your own research or seek advice from a Registered Financial Advisor.

29/12/22.  Finspiration Thursday Morning Report.

Overnight:  U.S. down, Europe down, Commodities down.  Bitcoin flat.  

 

Dow Jones -1.1%%.  SP500 -1.2%.  Nasdaq -1.35%%.  Small Caps --1.89%.  Banks -0.31%%.

Stochastic RSIs on major indices are below 50 - that keeps them in bearish territory.  

All eleven U.S. Sectors were down last night.

 SP500.

SP500 has broken marginally below the support of the Kumo Cloud.   Conversion Line is below the Base Line and Supertrend Line is blue - all bearish.

CCI and MACD Histogram are both showing positive divergences.  With an oversold RSI, that provides a chance for a move to the upside.

Commodities.

Commodities Index -1.13%.  Energy -1.58%.  Base Metals -1.36%. Agriculture +0.7%%.  Gold -3.15%.

Gold was down heavily but the up-trend remains intact.

In early morning trade in Australia down -0.75%.   Ten out of eleven sectors are down, the only sector up is XHJ (Health) breaking a recent run of outs.  XEJ (Energy) is leading to the downside.

Bitcoin.

BTCUSD down -1.04% overnight.  Conversion Line of the Ichimoku system has crossed below the Base Line - that's a bearish signal.  BTC is in a long term down-trend.