24/2/23. Finspiration Friday Morning Report.
Overnight, U.S. stocks rise after four days of losses.
Dow Jones +0.33%. SP500 +0.53%. Nasdaq +0.72%. Small Caps +0.68%. Banks +0.32%.
Note the extra long lower wick on the Dow Jones. That suggests a big change in investor sentiment from bearish to bullish.
SP500 showed strong intra-day buying at dual support of the 50-Day MA and oblique support from the December low. That suggests this pull-back may be over. But plenty of resistance lies overhead.
SP500.
SP500 showed strong intra-day buying at dual support of the 50-Day MA and oblique support from the December low. That suggests this pull-back may be over. But plenty of resistance lies overhead.
Watch for a positive opening tomorrow.
U.S. Commodities were mixed.
Commodities Index +0.76%. Energy +1.8%. Base Metals -1.56%. Agriculture -0.1%. Gold -0.0.5%.
Overnight, Bitcoin was up modestly last night +0.32%, and flat in morning trade.
Iron ore +0.1%.
After 30 minutes of trading this morning, XJO is flat -0.01%.
Bitcoin.
Overnight, Bitcoin was up modestly last night +0.32%, and flat in morning trade.
It remains in a sideways consolidation at the top of its range. Chances are good for another move higher.
No comments:
Post a Comment