Thursday, October 5, 2023

6/10/23. Friday Morning Finspiration Report.

 U.S. markets consolidating at the low end of recent downtrend.


Dow Jones -0.03%.  SP500 -0.13%.  Nasdaq -0.12%.  Small Caps -0.16%.  Banks +0.51%.

SP500.


 
SP500 is consolidating in a Low Volume Node which suggests the next move will be to the upside.

I've noted previously the positive divergences on the MACD Histogram which also suggests a move to the upside.

Friday in the U.S. is Jobs Report day, so we might see some action tonight in the U.S.

Commodities.

Commodities Index -0.58%.  Energy -1.45%.  Base Metals -0.4%.  Agriculture +0.5%.  Gold -0.18%.

Energy is now oversold so we might see some upside in the near future.  

Gold is very oversold and has been falling now for nine days.  Downside momentum has slowed and volume has fallen off, so we should see some upside soon.

After 30 minutes of trading this morning. XJO is flat +0.04%.  No surprise there.

Best performing Large Caps are insurers, MPL and QBE.  Those are in the Financials sector which is the best performer today so far, +0.55%
 

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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...