24/1/23.  Finspiration Tuesday Evening Report.

XJO finished up +0.4% today - and that's the first time in six months that it has been up five days in a row. That's coming at the top of a long up-trend.  Are we seeing a little "irrational exuberance" creep into the Ozzie market.

 XJO remains in overbought territory (RSI >70) for the third day in a row.  RSI now at 72.32.

It remains overbought with an RSI >70.  CCI is showing a negative divergence which suggests we will see a pull-back in the near future.

Four best performing sectors today were:  Property +1.8%, Materials +1.3%, Info Tech +1.3% and Consumer Discretionary +0.9%.  Other sectors were little changed.

NH-NL Cumulative continued to move higher creating a buffer if the market does pull-back in the near future.

Tomorrow, Australia will see CPI figures for the December quarter.  That has the potential for a market moving event.

Stay Safe.