Wednesday, May 31, 2023

1/6/23. Thursday Morning Finspiration Report.

U.S. Stocks fall while Law Makers play their fiddles.

Dow Jones -0.41%.  SP500 -0.61%.  Nasdaq -0.63%.  Mid Caps 1.39%.  Small Caps -1.31%.  Banks -2.47%.

Nasdaq has been leading the way, but divergence on the CCI suggests more downside to come.  Then it will depend on whether the Dow can pick up the slack.

SP500


SP500 has been under the influence of the Nasdaq.  It is also showing a negative divergence on its CCI so it will probably follow the Nasdaq to the downside.

Commodities. 


Commodities performed poorly overnight.

Commodities Index -1.12%.  Energy -2.04%.  Base Metals -0.51%.  Agriculture +0.1%. Gold +0.15%.

After 15 minutes of trading this morning, XJO has opened weaker -0.07%.  Not too bad after those weak overnight leads.
 

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