Monday, July 10, 2023

11/7/23. Tuesday Morning Finspiration Report.

 U.S. market finishes on the plus side.  Commodities up modestly.

Dow Jones +0.62%.  SP500 +0.24%.  Nasdaq +0.18%.  Mid Caps +1.25&.  Small Caps +1.3%.  Banks +0.22%.

SP500.


The medium term trend is up.  Short term, the trend is consolidating.

The index has found support at the Conversion Line of the Ichimoku System and is well above the Base Line and the Kumo Cloud.  This is a bullish pattern.

Commodities.


Commodities Index +0.22%.  Energy +0.25%.  Base Metals +0.08%.  Agriculture +0.09%.  Gold +0.08%.

Gold continues to find resistance at its 20-Day Moving Average.  A rise above that could see much higher Gold prices.

After 15 minutes of trading this morning, XJO is up strongly +0.95%.

No comments:

Post a Comment

Finspiration Australia. 14/11/23. Tues. Morning Report.

Mixed Results in New York.  Energy up. NAB ex-dividend today. Dow Jones +0.16%.  SP500 -0.08%.  Nasdaq -0.11%.  Small Caps -0.07%.  Banks -0...