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

 Overnight.

Dow Jones -1.94%.  SP500 -2.38%.  Nasdaq -2.75%.  Small Caps -1.92%.  Banks -3.16%.

SP500.

SP500 has broken down from its eight-day consolidation.  Stochastic has crossed below its 80-line.  That suggests we'll see more downside.

Commodities.

Commodities Index +0.16%.  Energy +0.33%.  Base Metals -2.04%.  Agriculture 0.00%.  Gold -0.32%.

Iron Ore -1.4%.  Thermal Coal +0.2%.

Overnight Oz Futures -0.8%.  It seems we'll have another grim day on the ASX.

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

 9/6/22.  XJO fell heavily again today.

XJO fell today -1.42%.  Financials (XXJ -2.07%) again smashed.

XXJ has now lost all of the big rally from early March to late April.  I'll be looking for a floor under XXJ about these levels.

Best performing sector today was Energy +0.56%.  It was the only sector with a positive result.

Breadth remains poor.

NewHighs-NewLows Line continues to fall steeply.  The Advances-Declines Line confirms the bearish outlook.

I think it is best to stay defensive until we see definite improvement in these instruments.

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

 9/6/22.  Overnight.  

Dow Jones -0.81%.  SP500 -1.09%.  Nasdaq -0.73%.  Small Caps -1.69%.  Banks -1.72%.

SP500.

SP500 remains in its sideways consolidation, now into its eighth day.  No way of knowing which way this will break, but the most likely direction is up.  Wait.

Commodities.

Commodities Index +0.89%.  Energy +1.27%.  Base Metals +0.39%.  Agriculture +0.32%.  Gold -0.09%.

The up-trend in Energy is getting a bit long in the tooth.  A negative divergence is beginning to show up on the CCI, so this up-trend is probably entering its final stages.

Iron Ore +0.1%.  Thermal Coal -0.4%.

Overnight Oz Futures -0.7%.  That seems like we'll see a resumption of the down-trend from Tuesday.

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

 8/6/22.  XJO was up modestly today +0.36%, with intra-day selling taking off the top of a stronger start.  Banks were smashed again today.

                                                                 

           

Plenty of pluses and minuses today.  Energy did well, up +4.2%, Financials down -2.9%.

Amongst the banks, Westpac was the worst, down -6.1%.  ANZ was relative best, -2.3%.  NAB -4%.  CBA -4.4%.  In the second-tier banks, Bendigo was down more than -7% and Bank of Queensland -4.34%.

Yesterday, MVB (ETF for Banks) was down -2.29%.  Today, MVB continued on the downside -3.49%.

The interest rate rise by the Reserve Bank has changed the mood in the market.  

Despite today's rise, Advances-Declines was negative, so breadth was poor.

Stay defensive.

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

 Overnight.

Dow Jones +0.8%.  SP500 +0.95%.  Nasdaq +0.94%.  Small Caps +1.1%.  Banks +0.93%.

SP500.

SP500 remains in its short-term up-trend channel, but consolidating for the seventh trading day.  

Longer term, the index remains bearish as it is below the Ichimoku Cloud.  Wait.

Commodities.

Commodities Index +0.67%.  Energy +1.25%.  Base Metals -0.65%.  Agriculture -0.23%.  Gold +0.65%.

Iron Ore +0.4%.  Thermal Coal -4.4%.

Overnight Oz Futures +0.7%.

The Australian market usually bounces after a strong day down.  Yesterday XJO was down -1.53%.  We'll recover some of that day, but any rise should be a chance for traders to sell out of positions.

Finspiration Australia. Chart Analysis of the Australian and International Stock Markets.

7/6/22.  XJO down heavily today after Ozzie Reserve Bank hiked rates by more than expected, up 0.5%.

XJO down -1.53%.  All sectors were down.  The worst affected were the interest rate sensitive sectors Information Technology and Real Estate, both down -3%.

Advances-Declines Line remains bearish.

This remains bearish.  Stay defensive until we see definite improve in this instrument.
 

Finspiration Australia. Chart Analysis of Australian and International Stock Markets

7/6/22.  Yesterday in Australia.

 XJO down yesterday -0.45%.  It is consolidating at the top of a short-term up-trend, above both the Tenkan Sen (Conversion Line) and Kijun Sen (Base Line).  But, it remains below the Ichimoku Cloud - long-term bearish.  We need to see which way this breaks from the consolidation.  Support remains at 7181.

Overnight in America.

Modest rises overnight in America.

Dow Jones +0.05%.  SP500 +0.31%.  Nasdaq +0.4%.  Small Caps +0.64%.  Banks +0.39%.

SP500.

Last night's action in the SP500 was indecisive and the Index remains consolidating at the top of a short-term up-trend.  Wait.

Commodities.

Commodities +0.44%.  Energy +0.31%.  Base Metals -0.35%.  Agriculture +1.33%.  Gold -0.44%.

After 50 minutes of trading this morning, XJO is down -0.7% and below horizontal support.  It is currently at 7150.  The market is coming into the 11.00 a.m. turn period.  Until now it has been falling steeply.  One of two things will now probably happen, either a rebound to the upside, or consolidation at the lows.  I doubt we'll see more downside.