31/1/23.  Finspiration Monday Evening Report.

XJO finished down just a little again today -0.07%.   A surprise came early in trading with the XJO up strongly but it gave back the early gains to finish more or less flat.  Today's range was a narrow range inside the range of the previous day - that's indecision.

 

It's too early to say that this is the start of a pull-back, but it could be.  XJO remains above the 8-Day EMA and Supertrend (7/1.5).  A break to the downside of those two would signal a short-term pull-back.

The three big iron ore miners did well today, BHP +0.3%, Rio +0.9% and FMG +0.23%.  Despite that XMJ (Materials) fell heavily -0.8%.  That's unusual.  So what happened.  Look no further than the Lithium Miners: Allkem -7.5%, Lake Resources -6.9%, Novonix -6.2% and Liontown -5.7%.

Woolworths surprised to the upside +3.8% after an encouraging assessment by a broker

It's a big week for Central Banks this Week with U.S., U.K. and Europe all making interest rate announcements later this week.  Those announcements are likely to be market movers.  Until those announcements we'll probably continue to see our market waffle around.