Friday, October 6, 2023

7/10/23. Saturday Finspiration Report.

 Overnight:  Jobs Report better than expected.  Dow flips early losses into big gains.  Sydney Futures up.


 
Dow Jones +0.87%.  SP500 +1.18%.  Nasdaq +1.6%.  Small Caps +0.56%.  Banks +0.75%.

SP500.

Last night created a bullish engulfing candle, which, coming at the low end of a down trend, probably means the end of that down trend.

Short term, the candle finished above the Supertrend (10/1) and the 8-Day EMA.  That usually means more upside.

For now, the short-term trend is up - stay with the trend.

Commodities.


 
Commodities Index +0.38%.  Energy +0.05%.  Base Metals +1.05%.  Agriculture +0.65%.  Gold +0.52%.

Sydney Futures are up +0.83% - that augurs well for the ASX on Monday.

Good luck.
 

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Finspiration Australia. 14/11/23. Tues. Morning Report.

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