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

  31/12/22.  Saturday Finspiration Morning Report.

Wishing you the best for 2023. 

U.S. down a little, Europe down, Commodities up, Bitcoin flat, ASX up.

Dow Jones -0.22%.  SP500 --0.25%.  Nasdaq -0.11%.  Small Caps -0.45%.  Banks -0.17%.

Euro STOXX600 -1.27%.  

U.S. saw intra-day buying in the last hour of trading which took the worst out of the indices.  Europe was closed before that intra-day buying took place so their results remained poor.

SP500.

SP500 is in the "no trade" zone of the Kumo Cloud.  Overhead resistance remains with the Base Line of the Ichimoku system.

Both RSI and ROC remain below their mid-lines.  Wait.

To state the bleeding obvious:  No Santa Rally this year.

Commodities.

Commodities Index +0.9%.  Energy+1.9%.  Base Metals down -0.97%.  Agriculture flat 0.00%.  Gold +0.47%.

Gold continues in its long term up-trend.

XJO.

XJO had a narrow range day inside the range of the previous day.  The long upper wick on the candle indicates intra-day selling pressure.

It remains above the Kumo Cloud but below resistance of the Conversion Line and the Base Line.  This is more negative than positive.

Bitcoin.

Bitcoin down marginally -0.07%, and remains below key indicators.  I wouldn't touch this with money hidden your grannie's biscuit tin.