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.

22/12/22.  Finspiration Thursday Morning Report.

Sleigh Bells heard Wall Street last night.

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

 

Dow Jones +1.6%.  SP500 +1.49%.  Nasdaq +1.54%%.  Small Caps +1.55%.  Banks +1.56%.

Breadth was good, strength was seen across the market.  All eleven U.S. Sectors were up.

SP500.

SP500 gapped up at the open and was strong for most of the day.  That suggests that the recent pull-back may be over.  Resistance overhead from both the Conversion Line and Base Line of the Ichimoku system may hold the advance.

Commodities.

Commodities Index gapped up open and finished  +1.29%.  Energy +2.3%.  Base Metals -0.61%.  Agriculture +1.11%.  Gold -0.17%.

Iron Ore Futures +2.7%.  That should help our big miners today.

In early morning trade in Australia is up >0.6%.

Bitcoin.

BTCUSD down -0.53% overnight.

BTCUSD remains below resistance of the Base Line of the Ichimoku system. That's a bearish sign.