23/2/23. Finspiration Thursday Morning Report.
Overnight, U.S. stocks mixed.
Dow Jones -0.26%. SP500 -0.16%. Nasdaq +0.13%. Small Caps +0.35%. Banks -0.34%.
SP500.
SP500 stalled last night at dual support of the 50-Day MA and oblique support from the December low. That gives the index a good chance of bouncing to the upside.
U.S. Commodities down but Iron Ore up.
Commodities Index -1.3%. Energy -1.93%. Base Metals -1.53%. Agriculture -0.48%. Gold -0.56%.
Iron ore +1.12%.
After 15 minutes of trading this morning, XJO is down -0.3%.
Rio Tinto reported this morning and in early trade is down >3%, taking BHP with it. That's the biggest effect on the ASX this morning.
Bitcoin.
Overnight, Bitcoin was down -1.5%, but has been rebounding this morning.
It remains in a sideways consolidation at the top of its range. Chances are good for another move higher.
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