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

 13/1/2023.  Inspiration Friday Morning Report.

Inflation rate eases, U.S. continues its upside trend.

Source:  U.S. Bureau of Labor Statistics.

Dow Jones -0.84%.  SP500 +0.34%.  Nasdaq +0.64%.  Small Caps +1.4%.  Banks +0.54%.

Eight out of eleven sectors were up.  The only sectors down were defensives:  Health, Utilities and Staples.

SP500.

After some down-side action, SP500 finished on the positive side.  The Chart is bullish staying with the upside trend.

Commodities.

Commodities Index +0.82%.  Energy +0.91%.  Base Metals +1.43%.  Agriculture +0.67%.  Gold +1.16%.

Base Metals and Gold are now both overbought with RSIs above 70 - a pull-back can't be far away.

At 11.40 this morning, XJO is up +0.9% - staying with the up-trend.

Bitcoin.

Bitcoin had a huge overnight move, up >7%.  Chart is bullish.  BTC is now overbought.  Action this morning (Oz time), down a little on heavy volume suggests a pull-back.