31/7/23. Monday Evening Finspiration Report.

 ASX started off well today but petered out as the day progressed.  XJO finished flat, up just +0.09%.  Energy was flat +0.00%.  Financials flat +0.02%.  Materials up a little +0.1%.

Best sector was Health, up 0.63%.   Worst sector was Staples -0.75%.

Here's the chart for STW, that's a tracking ETF for the XJO:

The chart remains in an up-trend but showing a lot of indecision with today's candle a "spinner".  Long wicks above a small body - that's indecisive - neither bulls nor bears winning the battle today.

Dynamic Zone Stochastic broke a little below its upper band today which suggests more downside. 

European Stocks in early trading are up a little, Euro Stoxx600 up just +0.09%,  Dow Futures up a little +0.07%.  Not much movement so far in overseas markets.

Tomorrow we head into August which historically been flat, average up +0.18%.  That, of course, leads into the worst month of the year - September.  So we can't expect much joy in the next couple of months - unless Central Banks decide to do a back-flip on interest rates.