Finspiration Australia.

18/3/23.  Saturday morning Finspiration Report.

Yesterday in Australia.

XJO had a small rise yesterday +0.41%.  It remains just under the 200-Day MA and the 8-Day EMA.  

MACD Histogram is flat.  Downside Momentum has eased, while the trend remains down.  That means we could see an upside move - but not on Monday judging by the U.S. overnight.

Options expiry in the U.S overnight..  Stocks fall on heavy volume.

Dow Jones -1.19%.  SP500 -1.1%.  Nasdaq -0.74%.  Small Caps -2.76%.  Banks -5.25%.

Major European banks and regional banks in the U.S. continue to come under pressure.

SP500.

SP500 fell marginally back below the 200-Day MA and the 8-Day EMA.

MACD has switched to positive which suggests momentum is back to the upside.

Commodities.

Commodities Index -0.31%.  Index -1.49%.  Base Metals +0.67%.  Agriculture -0.1%.  Safe Haven Gold had a big upside spurt, +2.91%.

In the U.S. BHP was flat overnight +0.03% but remains in a steep down-trend, Rio was also flat, -0.09%.  Woodside rose, +0.39% but, like BHP, remains in a steep down-trend.

Bitcoin.

Bitcoin was up >8% overnight.  It has been above the 8-Day EMA since 13 March.  Stay with the trend until otherwise indicated.