2/3/23. Finspiration Evening Report.
How Flat is Flat?
XJO up just +0.05% today after being well up at middday.
For the second day in a row, XJO has finished more or less flat.
Positive sectors were again Energy +1.4% and Materials +2.9%. All other nine sectors were flat with Financials worst -1.9%. Financials are close to a level where they will see some buying coming into the sector.
Here's MVB (ETF for the Banks):
RSI is now at 26.95 - that's extremely oversold.
Coles and Woolworths both went ex-dividend today - that pushed the Staples down -1.3%.
In early trading in Europe, STOXX600 is down -0.47%. Dow Futures flat -0.06%, but SP500 Futures down -0.66%.
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