30/3/23. Thursday Evening Finspiration Report.
XJO up strongly today. All ASX Sectors rose except for Real Estate.
XJO up +1.02%.
In the short-term, XJO has turned decidedly bullish - above the 8-Day EMA and the 20-Day EMA. Hull MA 13 has turned up (bullish) and Supertrend is yellow (bullish). The Index still has the 50-Day EMA and top of the Keltner Channel as resistance.
IAF/STW ratio still hasn't turned bullish. The ratio took a bit of a hit today as STW went down a little (going ex-dividend) while XJO was up strongly. But the Ratio is very close to turning bullish.
Today's candle is built on yesterday's bullish candle.
Risk on was signalled today with the best sectors were: Information Technology +1.7%, Materials +1.5%, Financials +1.5%.
After such a strong day today, we might get a "pause" day tomorrow, but Europe is currently up strongly, +0.8%. It is still early in the trading session.
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