Monday, February 6, 2023

 6/2/23.  Finspiration Evening Report.

Bit of nothing day on the ASX today - waiting on the RBA tomorrow.



XJO finished down -0.25%.

Chart seems to be setting up for a pull-back with negative divergences on Stochastic and CCI.  We'll see tomorrow after RBA hands down its interest-rate decision.  Consensus is for +0.25%.

Big news today was for Newcrest after Newmont raised its take-over offer.  NCM up +9.3%.

Property (XPJ) has had a great run recently, down today -1.94%.  That's probably anticipating interest rates going up.

Currently, Europe is down, STOXX -0.59%.  New York Futures, SP500 -0.54%.  Not looking great for Oz tomorrow.  BHP in London is down -0.45% after being up today in Oz +0.61%.

See you all tomorrow.  Stay safe.

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