23/8/23. Wednesday Evening Finspiration Report.

 ASX had a positive day but some selling occurred in the afternoon which took the top off some of the earlier gains.  XJO finished up +0.38%.

STW (tracking ETF for the XJO) finished at resistance of the Kumo Cloud and Supertrene (1/10).  

Dynamic Zone Stochastic is pinching together which usually precedes a big move - in this case to the upside.

Info.Tech., which had a good day yesterday +5.19% yesterday, was hit hard by a down-grade of Wisetech, the biggest stock in the sector.  XIJ down today -5.26%.  Wisetech fell -19.62%.

Staples +1.77% rebounded today after Woolworths had a good result.  WOW up +3.51%.  It had been up much higher earlier in the day but suffered selling in the afternoon.

The current volatility is being driven, of course, by company reports. Some good, some not so good.

Early trading in Europe is again positive with Euro STOXX600 up +0.61%.  Dow Futures up +0.41%.  But, as we have seen recently, early trading can evaporate easily as the night wears on.