30/1/23. Finspiration Monday Evening Report.
XJO finished down just a little today -0.16%.
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.
Six sectors were down today and five up. Tech did best +2.6% followed by Telecommunications +1.1. Worst were Staples and Health both down -0.7%.
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.
NH-NL Cum remains safely in bullish territory providing long-term investors with a degree of comfort.
Below is a chart of Historical and Implied Volatility.
Historical Volatility (blue line) is down around a level seen recently three previous times. Each of the prior times has been at or close to a reversal point. No guarantees - but one should be prepared for a pull-back.
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