Finspiration Australia.

 24/3/23.  Friday Morning Finspiration Report.

In the U.S. overnight, choppy trading - modest rise in the Dow Jones.

Dow Jones +0.23%.  SP500 +0.3%.  Nasdaq +1.01%.  Small Caps -0.86%.  Regional Banks down heavily again -2.78%.

Breadth was weak with only two of eleven sectors on the positive side, Telecommunications and Information Technology.

SP500

SP500 had a wide range day ending with a doji candle - lots of indecision.

SP500 failed for the third time at the 50-Day MA - will fourth time be the charm?

The resistance level is at about the 50% retracement level from the early February high - that gives the resistance level added importance.

The Index remains above the 8-Day EMA and the three Supertrend lines.  

Three European central banks (U.K., Norway and Swiss) raised interest rates which didn't help stock market sentiment.

Commodities.

Commodities Index -0.26%.  Energy -0.71%.  Base Metals +1.63%.  Agriculture -0.56%.  Gold remains strong, +1.25%.

After ninety minutes of trading, XJO is down -0.5%, but now gently trending up.

Bitcoin.

Last night, BTC was up +3.41%.  The trend remains up.