16/2/23. Inspiration Thursday Morning Report.
Overnight: US stocks opened lower but rose overnight after intra-day buying. Commodities weak.
Dow Jones +0.11%. SP500 +0.29%. Nasdaq +0.92%. Small Caps +0.98%. Banks -0.02%.
SP500.
SP500 shows a hidden divergence (higher low on the Index, lower low on Stochastic). That's a continuation pattern
The trend remains up - as the Trading Gods say: "stay with the trend".
Commodities.
Commodities Index -1.07%. Energy -0.96%. Base Metals -1.95%. Agriculture -0.83%. Gold -1%.
After nearly an hour so trading this morning, XJO is down about -0.6%.
Stocks featuring in Reporting Season Lottery today: CBA down -3.35%, Wesfarmers +2.69%, Cochlear +6.61%.
Iron Ore flat +0.1%.
ASX Futures up +0.5% - that should ensure a good start to morning trading.
Bitcoin.
Last night, BTC up nicely +8.6%. Back now to resistance. Expect some consolidation here before the next move to the upside.
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