Thursday, April 13, 2023

Finspiration Australia.

 14/4/23.  Friday Morning Finspiration Report.

U.S. records another solid upside move.


Dow Jones +1.14%.  SP500 +1.33%.  Nasdaq +1.99%.  Mid Caps +0.69%.  Small Caps +0.84%.  Banks +0.73%.

SP500.


The SP500 remains in a strong upside rally, but the negative divergence on CCI suggests it may be on its last legs.

SP500 had a good run, but it might be too late to start buying into this rally now.  I'll be waiting on a pull-back.

Commodities.

Commodities Index +0.00%.  Energy -0.74%.  Base Metals +1.84%.  Agriculture -0.48%.  Gold +1.35&.

After 30 minutes of trading this morning, XJO is down marginally -.03%, it's never a good sign when the Oz market starts weak after a strong night on Wall Street.

Bitcoin.

Bitcoin continues on its merry (bullish) way, up last night +1.68%.  It has successfully tested major horizontal support/resistance.  I'd expect more upside.





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