17/1/23. Finspiration Tuesday Morning Report.
Overnight, U.S. closed for MLK Holiday. Europe up modestly.
UK FTSE up +0.2%. German DAX +0.31%. French CAC +0.28%.
After an hour of trading today, XJO is down in line with European results -0.2%. Sector results so far are, however, mixed. Materials down -1.4%. Defensives are doing best with Health up +1.4%.
Bitcoin.
Bitcoin was up +6.6% overnight and is now at horizontal resistance of the early Nov. 22 high. If BTC can overcome that hurdle it is then looking at the 200-Day MA.
The Weekly Chart is showing a triple Supertrend "buy" signal. That's the first one since Aug, 2021.
That signal resulted in a massive rise from about 30,000 to about 69,000. As usual, past experience is no guarantee of future rises. But it does look promising.
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