Wednesday, April 5, 2023

  6/4/23. Thursday Morning Finspiration Report. 

Overnight in the U.S.:  Dow Up, Nasdaq down.




Dow Jones +0.24%.  SP500 -0.25%.  Nasdaq -1.07%.  Small Caps -0.82%.  Banks -0.5%.

SP500.




The chart is below the 3-DEMA but above the 8-DEMA.  DZStochastic remains above the sell line but turned down.  Schall Trend Cycle remains above its sell line.  Wait for definite signals.

Commodities.





Commodities Index +0.37%.  Energy+0.95%.  Base Metals -0.61%.  Agriculture +0.49%.  Gold -0.08%.

ASX Futures down just -0.1% - looks like another uneventful day before Easter.

Bitcoin (USD)




BTCUSD up +1.35%.  BTC remains in a wide consolidation pattern.  Indicators (DZStochastic and Schaff Trend Cycle) are on short-term "sell" signals.

Notice, however, that the bands on DZStochastic are narrow so it wouldn't take much to flick this into a bullish configuration.

Until horizontal support is broken, this remains in a sideways consolidation.  Wait.




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