9/2/23. Finspiration Thursday Morning Report.
U.S. stocks down, Energy up, Base Metals Down, Gold up.
Dow Jones -0.61, SP500 -1.11%, Nasdaq -1.68%, Small Caps -1.5%, Banks -0.72%.
SP500.
The up-trend, as defined by the 8-Day EMA and Supertrend, remains in place, although last night's action being an inside candle is indecisive.
Stay with the trend.
Commodities.
Commodities Index +0.21%. Energy +0.42%. Base Metals -1.47%. Agriculture +0.3%. Gold +0.25%.
ASX Futures were down -0.4% overnight, which suggests a weak opening for the ASX this morning.
BITCOIN.
Bitcoin was down about -1% last night. It remains in its sideways consolidation where it's been for nearly three weeks. That's frustrating for interested parties, but there's nothing much to do except wait and see which way this breaks out of consolidation.
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