Monday, August 28, 2023

28/8/23. Monday Evening Finspiration Report

 XJO was up today but remains in a consolidation pattern.

Chart for STW (ETF for XJO)


XJO up 0.63% today.  STW up +0.75%.

STW needs to finish above the 200-Day MA - that's the solid black line - to confirm a new up-trend.

Health +1.45% and Discretionary +1.36% were the two best sectors today, followed by Financials +0.78%.

The only negative sector was Information Technology -0.74%.

Our market followed on from a strong lead from America on Friday night, but that didn't flow on to major markets in our time zone.  Japan Nikkei down -2.05%.  Hong Kong -1.4% and Shanghai -0.59%.

In early trading this evening, Europe is up +0.64%, following on from Australia's good result today.  Pre-market trading in America is mildly positive, Dow Futures +0.25%



ealth

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