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

 8/12/22.  Finspiration Morning Report.

Choppy Trading in the U.S. sees Dow finish flat.  Energy rout continues.

Dow Jones +0.00%.  SP500 -0.19%.  Nasdaq -0.51%.  Small Caps -0.47%.  Banks +0.22%.

Three defensive sectors finished on the positive side, Health, Staples and Property.

The yield curve continues to invert and is now at levels not seen since the 1980's.  That says the U.S. will be in recession sometime next year.  Looks like the Fed. has overdone the interest rate increases.

SP500.

SP500 finished with a doji candlestick - shows indecision in choppy trading.

The Index is almost down to triple support - top of the Kumo Cloud, Ichimoku Base Line and horizontal support.  That's likely to hold.  Wait.

Commodities.

Commodities Index -0.5%.  Energy -1.88%.  Base Metals +1.53%.  Agriculture +0.1%.  Gold +0.9%.

Iron Ore Futures +0.66%.

Bitcoin.

Bitcoin was down -1.3% last night.  That's not enough to move the Renko Chart.

Bitcoin continues to consolidate at the lower end of its down-trend.  I'd avoid BTC until we see some more solid upside movement.

ASX Futures -0.15%.  That suggests a soft opening for the ASX today.