7/7/23. Thursday Evening Finspiration Report.

 Another down day for the Ozzie Market.  XJO -1.19%.

All sectors were down today in a broad based market decline.  Best performers today were:  Real Estate -0.13%, Telecommunication Services -0.19% and Utilities -0.24%.

Worst performer today was Materials -3.17%.  That fall was exaggerated by BHP going ex-dividend.  BHP makes up about 10% of the Ozzie market.  When BHP goes ex-dividend it has a big effect on the market and, of course, a much bigger effect on its sector.  BHP fell -5.18% today, RIO in comparison fell -2.48% and Fortescue -2.31%.

Energy was the next worst performer -1.49%.  The  biggest company in XEJ is Woodside, down -1.48%.

STW Chart.

STW finished below the 20-Day EMA today.  I think there's probably more downside but I've been surprised at how light the Volume has been.  There's not a lot of conviction in the sell - so it may not have far to go..