Finspiration Australia.

1/3/23.  Finspiration Tuesday Morning Report.

Overnight, Mixed results in the U.S.

Dow Jones -0.71%.  SP500 -0.3%.  Nasdaq -0.1%.  Small Caps -0.07%.  Banks +0.3%.

Dow Jones was well down, other indices were indecisive with doji candle-sticks.

SP500.

SP500 is oscillating around the 50-Day MA but above the 200-Day MA.  Last Friday looks like a "spring" - a precursor to a trend change to the upside, but we still need to see a decisive move to the up-side to confirm.

It remains below the 8-Day EMA and the mid-line of the Bollinger Bands.  We need to see the SP500 in the top half of the Bollies before feeling comfortable.

It's not unusual after a "Golden Cross" for the market to come back and test the important MAs (50 & 200).  At this stage the test seems to have been successful.

Commodities.  Mixed Results.

Commodities Index +0.3%.  Energy +0.95%.  Base Metals +1.25%.  Agriculture -0.25%.  Gold +0.46%.

After 90 minutes of trading this morning XJO has rebounded from early lows and is now down about >0.2%. The Mining Index is up about +1%.

Bitcoin.

Bitcoin down about -1% overnight.  The crypto is in a sideways consolidation now in the "neutral" zone and oscillating around the 20-Day MA which is basically flat.

The 50-Day MA has crossed above the 200-Day MA which would complete a "Golden Cross", a bullish event.