Finspiration Australia

         11/2/2023.  Finspiration Saturday Report.

XJO down, U.S. stocks mixed, Energy up, Base Metals down, Gold up.

Yesterday in Australia.

XJO was down -0.76% on Friday.  It closed below both the Conversion Line and Supertrend and is now in a short-term down-trend.  Yesterday's big fall will probably be followed by a much narrower range day on Monday.

Overnight in the U.S.

Dow Jones +0.5%.  SP500 +0.22%.  Nasdaq -0.61%.  Small Caps +0.24%.  Banks -0.12%.

SP500.

SP500 has finished below the Conversion Line but found support at the Supertrend.  That's in a no-man's land between short-term support and resistance.  Let's see which way this breaks.

Commodities.

Commodities Index +1.42%.  Energy +2.74%.  Base Metals -1.97%.  Agriculture +0.95%.  Gold +0.19%.

Bitcoin.

Bitcoin was down -1.43% overnight.

BTC is now down to a support zone. and remains above the 200-DMA.  RSI is sitting on the mid-line (50) which often acts as the dividing line between bull and bear.

Stochastic is oversold.  I'm thinking we'll see an upside move from here.