Thursday, June 8, 2023

8/6/23. Thursday Evening Finspiration Report.

 XJO fell today - 0.26%.


The chart remains bearish, but could form a double bottom.  RSI is showing a possible positive divergence.

Implied Volatility - Historical Volatility is getting down to a very low level near where it has reversed before in late March.


Consumer Discretionary stocks continue to perform poorly.  XDJ down -1.39%.  Information Technology (XIJ) was the worst performer today -3.83%.  It's had a great run lately - so it might be pulling back a bit before another move to the upside.  Real Estate (XPJ) also performed poorly -2.49%.

The best today was Energy +1.33%.

Here's the Energy Chart.


XEJ is currently trending sideways, oscillating around the 200-Day MA.

XEJ has been finding support at the Base Line of the Ichimoku system so a move to the upside is most likely

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