Tuesday, January 17, 2023

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

 18/1/23.  Finspiration Wednesday Morning Report.

Mixed results in the U.S. overnight.


Dow Jones down -1.14%.  SP500 -0.2%.  Nasdaq +0.14%.  Small Caps -0.35%.  Banks -0.24%.

Goldman Sachs a component in the Dow Jones fell heavily having an adverse effect on the DJ.

SP500.


SP500 appears to be stalling, once again, at the 200-Day MA.  A pull-back here would not surprise.  Watch.

Commodities.


Commodities Index -0.69%.  Energy +0.98%.  Base Metals +0.45%.  Agriculture +0.36%.  Gold -0.65%.

The extraordinary run-up in Base Metals continues.  A pull-back is imminent.

After an hour of trading this morning, the XJO is up marginally, +0.1%.

Bitcoin.


Bitcoin is stalling at horizontal resistance.  I'll wait to see which way this moves out of this small consolidation area.

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