Thursday, April 20, 2023

Finspiration Australia.

 21/4/23.  Friday Morning Finspiration Report.

Overnight, U.S. stocks sink again.


Dow Jones -0.33%.  SP500 -0.6%.  Nasdaq -0.8%.  Mid Caps -0.38%.  Small Caps -0.36%.  Banks -1.81%.

SP500.


Last night's doji candlestick indicates indecision.

The index is close to giving sell signals but not quite there yet. 

The chart is sitting just above the 8-Day EMA where it's been since 16 March - over a month.

DZ Stochastic has closed below its upper boundary line, but not yet confirmed by RSI which is just above its 20-Day MA.

I little nudge lower would see sell signals triggered.  Wait.

Commodities.

Commodities Index -0.87%.  Energy -2.13%.  Base Metals -0.95%.  Agriculture -0.14%.  Gold +0.39%.

Iron Ore Futures -0.8%.  ASX Futures -0.4%.  That makes for a bleak opening today for the Oz market.


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