1/7/23. Saturday Finspiration Report.

Friday:  Australia flat.  Europe up.  America up.  Commodities up.

XJO.

XJO up marginally on Friday +0.12%.  We've had two days of doji candlesticks - the market basically going nowhere.

The chart is stuck in the middle of the Bollinger Bands and the Kumo Cloud, i.e., non-trending.

Overhead resistance is provided by the 50 Day MA and the Base Line and Conversion Line of the Ichimoku are sitting together, i.e., non-trending.

That seems likely to change for the first trading day of the second half of 2023 as U.S. finished up strongly.

U.S.

Dow Jones +0.84%.  SP500 +1.23%.  Nasdaq +1.45%.  Mid Caps +0.65%.  Small Caps +0.12%.  Banks 0.22%.

The three major indices (DJ, SPX, NDX) all started the session emphatically - gap up and kept going.

This could be a case of window dressing on the part of fund managers.  The three indices are now testing recent highs.  Watch for a fall back on Monday.

SP500.

SP500 is in an uptrend, sitting just above horizontal support.

Indicators are all bullish, but RSI14 is nudging on overbought with a reading of 69.2.  

Stay with the trend until otherwise indicated.

Commodities.

Commodities Index +0.84%.  Energy +1.16%.  Base Metals +1.07%.  Agriculture +0.87%.  Gold +0.67%,

Overnight in the U.S., BHP up marginally, +0.17%, Rio +0.06%, Woodside +0.5%.

Those Ozzie stocks trading in the U.S. are nothing to cheer about.

Sydney ASX Futures - up 0.4% - promises a positive start on Monday morning.