19/1/2023. Finspiration Thursday Evening Report.
XJO enjoys another strong day, up +0.6%.
XJO is close to being overbought with an RSI at 69.42. CCI is showing a negative divergence, so a pull-back may not be far away.
Seven sectors were up today with one flat (XDJ). Best performer was XMJ (Materials) +1%. XMJ was helped by a good production report from BHP, up +1.2%, but that was eclipsed by Rio, up 3.3%. Next best was XHJ (Health) up +0.9%. Again we have this unusual blend of Offensive and Defensive sectors at the top of the ladder.
Europe in early trade is down solidly. German DAX down -0.77%, French CAC -0.7%. UK FTSE -0.59%.
U.S. Futures are also down. Dow Jones futures -0.38%. It seems that America is going to continue down after Wednesday night's big fall.
Stay Safe.
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