Tuesday, January 31, 2023

FINSPIRATION AUSTRALIA.

    1/2/2023.  Finspiration Wednesday Morning Report.

U.S. stocks push higher after Monday's sell-off.



Dow Jones +1.09%%.  SP500 +1.4%.  Nasdaq +1.67%.  Small Caps +2.53%.  Banks +1.69%%.

SP500.




On Monday, SP500 fell back to the 8-DEMA and the old oblique resistance line.  That has held as support which suggests more upside.  

Commodities.


Commodities Index+1.72%.  Energy +2.03%.  Base Metals +1.2%.  Agriculture +1.25%.  Gold +0.36%.

XJO, after 60 mins of trading, is up +0.8%

Bitcoin.

Bitcoin was up 0.8% last night.  It continues to lie within its consolidation zone and remains above the 8-Day EMA and Supertrend.  Investor sentiment remains positive while it remains above those two indicators.  Watch for a definite move above 200-DMA>



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