Finspiration Australia. Chart Analysis for Australian and International Stock Markets.

 13/9/22.  Overnight in America, stocks continue to run higher for fourth day.

Dow Jones +0.71%.  SP500 +1.05%.  Nasdaq +1.27%.  Small Caps +1.28%.  Banks +0.83%.

European stocks also rose strongly, with European STOXX 600 up +1.8%.

SP500.

Short-term, SP500 continues to be bullish, but now facing some resistance from a congestion zone to its left and the Base Line of the Ichimoku system.  Expect some consolidation here.

Commodities.

Commodities Index +1.38%.  Energy +1.47%.  Base Metals +1.05%.  Agriculture +0.69%.  Gold +0.51%.

Iron Ore -0.6%.  Thermal Coal +0.5%.

Overnight Oz Futures +0.7%.  

Expect another solid day for the ASX today on the back of higher overseas stocks and commodities.

BITCOIN.

Since early June, 2022, Bitcoin has been in a long sideways consolidation within a longer down trend.

It remains below the Kumo Cloud and well below its 200-Day MA.  Until resistance of those two indicators, it is best to consider any rally to be a counter-trend rally in an ongoing bear market.

Finspiration Australia. Chart Analysis for Australian and International Stock Markets.

 8/9/22.  Overnight, American stocks up, Nasdaq snaps seven day losing streak.

Dow Jones +1.4%.  SP500 +1.83%.  Nasdaq +2.14%.  Small Caps +1.81%.  Banks +2.18%.

SP500.

SP500 has found support at the lower edge of the Kumo Cloud.  We can expect some more upside, but plenty of resistance lies nearby.

Commodities.

Commodities Index -2.38%.  Energy -3.99%.  Base Metals -1.02%.  Agriculture -0.64%.  Gold +1.02%.

Iron Ore -0.4%.  Thermal Coal -2.5%.

Overnight Oz Futures are up +0.5%.  So we should have a positive day today, but resource stocks might be under pressure.

Finspiration Australia. Chart Analysis for Australian and International Stock Markets.

10/8/22.  Overnight U.S. stocks fall.  Tech hard hit.

Dow Jones -0.19%.  SP500 -0.42%.  Nasdaq -1.19%.  Small Caps -1.44%.  Banks +0.45%.

European stocks also fell with the Euro Stoxx 50 down -1.11%.

SP500.

The modest fall in the SP500 keeps it in short-term and medium-term up-trends.  The longer term remains in doubt with the Index below the 200-Day MA.

The negative divergence on CCI suggests further falls down from the Horizontal Retracement Zone, 50%-61.8% of the fall earlier this year.

Plenty of near-by support may cushion any further falls.

Tonight in the U.S., CPI data is released.  If inflation ticks higher, the Fed. may be more aggressive in its next interest rate rise.

Commodities.  Out of step with Stocks.

Commodities Index +0.93%.  Energy +0.95%.  Base Metals +1.42% and up to the 50-Day MA, Agriculture +0.4%.  Gold tipped above its 50-Day MA, up +0.31%.  Expect more upside in Gold.

Iron Ore -1.5%.  Thermal Coal +3.6%.

Lots of plusses and minuses for Australia in the overnight data.  Stronger base metals, Energy and Banks should limit losses today in Australia.

After 15 minutes of trading, XJO is down -0.47%.  BHP is flat +0.05%, but Rio has risen +0.57%.  

Finspiration Australia. Chart Analysis for Australian and International Stock Markets.

9/8/22.  Overnight Major U.S. Indices more or less flat.

 Dow Jones +0.09%.  SP500 -0.12%.  Nasdaq -0.1%.  Small Caps +0.63%.  Banks -0.53%.

Euro Stoxx 50 finished up +0.85%.

American stocks opened strongly following Europe, but the rally faded after the first half-hour.

SP500

SP500 remains in the Retracement Zone between 50% and 61.8% of the fall from late March to mid-June.  That's also opposite a congestion zone which occurred in late May to early June.

The negative divergence on CCI (bottom panel) suggests the next move will be down.

CPI comes out on Wednesday.  That may be a catalyst for a move in the market - either up or down.

Commodities.

Commodities Index +1.21%.  Energy +1.95%.  Base Metals +0.2%.  Agriculture +0.55%.  Gold +0.85%.

Gold continues to find resistance at the 50-Day MA.  A break above that should see a sustained rally to the upside.

Iron Ore +1.7%.  Thermal Coal +2.8%.

ASX is set to open flat with Overnight Oz Futures down -0.1%.

Finspiration Australia. Chart Analysis for Australian and International Stock Markets.

27/7/22.  Overnight U.S. stocks fall.

 

Dow Jones -0.71%.  SP500 -1.15%.  Nasdaq -1.87%.  Small Caps -0.55%.  Banks -2.18%.

A slew of reports came out after the market closed including Alphabet, Microsoft, McDonald's, Coca-Cola, Chipotle.  U.S. Stock futures have rise after the bell, about +0.2%.

SP500

SP500 has fallen back to its 50-Day MA which may provide support.  

Federal Reserve gives its interest-rate decision tonight, which might provide market moving information.

Commodities. 

Commodities Index +0.2%.  Energy -0.28%.  Base Metals +1.14%.  Agriculture +1.23%.  Gold -0.12%.

Iron Ore +1.3%.  Thermal Coal +0.9%.

XJO started this morning to the downside, but has since jerked back up.  After 20 minutes, XJO +0.24% with Defensives leading the way.

Finspiration Australia. Chart Analysis for Australian and International Stock Markets.

 22/7/22.  U.S. equities rise for third day.

Dow Jones +0.51%.  SP500 +0.99%.  Nasdaq +1.36%.  Small Caps +0.28%.  Banks +0.63%.

SP500.

The short-term trend remains up.  The chart has moved into the Kumo Cloud, which usually means it will go to the upper side of the Cloud before hitting resistance, that's about 4140, or around 3%.

Commodities.

Commodities Index -1.68%.  Energy stepped down -2.21%.  Base Metals +0.22%.  Gold +1.41%.

Iron ore -0.7%.  Thermal Coal -1.3%.

Those metal and energy prices could put a cap on ASX resource stocks today.

ASX set to open flat.

Finspiration Australia. Stock Analysis for Australian and International Stock Markets.

1/7/22.  Overnight - U.S. equities finish lower.

 Dow Jones -0.82%.  SP500 -0.88%.  Nasdaq -1.33%.  Small Caps -0.39%.  Banks -1.64%.

SP500.

Last night, SPX fell below support then recovered to remain between support and resistance.  That provides some optimism that the next move will be to the upside.  Wait.

For the first half of 2022, SPX is down almost -20%.

Commodities.

Commodities Index -3.09%.  Energy -3.25%.  Base Metals -3.53%.  Agriculture -1.55%.  Gold -0.61%.

Iron Ore -0.1%.  Thermal Coal +1.6%.

Well - if all of the above doesn't say we'll be down today, I don't know what would.  But, for some reason I can't see, Overnight Oz Futures are up +0.2%.  Maybe it's because bond yields fell overnight (bond prices higher), which may have a positive effect on stocks today.  We shall see.