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

 21/7/22.  XJO up moderately today.

XJO up today +0.52%.  That built on yesterday's big gains.

XJO was in a narrow range today until the afternoon session when it had a lift to the upside, giving the day's trading some respectability.

Breadth today was good, Advances 885, Declines 458.

The A-D Line remains bullish.

The NH-NL still hasn't turned bullish.

Long term investors should remain cautious.

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

21/7/22.  American equities rise after choppy trading.

 Dow Jones +0.15%.  SP500 +0.59%.  Nasdaq +1.59%.  Small Caps +1.42%.  Banks +0.04%.

Cyclicals were strong while defensives weakened.   

2Yr/10Yr Bond Yields remain inverted suggesting a recession is coming.

SP500.

SP500 is now above its 50-Day MA and in a short-term up-trend.

It is now faced with the resistance of the Kumo Cloud.

Until we see definite signs of reversal, we'll stay with the trend.

Commodities.

Commodities Index -0.08%.  Energy flat 0.00%.  Base Metals +0.88%.  Agriculture flat 0.00%.  Gold -0.94%.

Iron Ore +0.9%.  Thermal Coal +2.2%.

Overnight Oz Futures are down -0.4% suggesting the ASX will open lower.

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

 20/6/22.  Oz market up strongly today.

XJO was up today +1.65%.  It broke out above its recent sideways consolidation.  That's a positive.

Volume recently has been very low.  Today saw a rise in volume, albeit off a very low base.  But the rise in volume is another positive.

NewLows/NewHighs were on a par today 7/7.  A break higher for NH-NL could be in the offing.

Advances-Declines continues to be bullish.

Today's action was bullish.  In the very short-term it could be too bullish.  Advances-Declines hit a new high for this year - that's a contrarian sign for a short-term pull-back.

Don't let a short-term pull-back deter you.  The market is performing very well.

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

 20/7/22.  U.S. Stocks up strongly.

Dow Jones +2.43%.  SP500 +2.76%.  Nasdaq +3.11%.  Small Caps +3.5%.  Banks +2.83%.

SP500.

SP500 has broken out from its sideways consolidation.  That's a plus.

It's not out of the woods yet.  SPX faces resistance of the 50-DMA and then the KUMO Cloud.d

Let's take it one step at a time.  For now, SPX is heading up.

Commodities.

Commodities were mixed.

Commodities Index +0.39%.  Energy +1.4%.  Base Metals -0.93%.  Agriculture -0.6%.  Gold +0.24%.

After 15 minutes of trading, XJO is up strongly.  XJO +1.2%.

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

 19/7/22.  XJO down moderately today.

XJO was down -0.56% today, but remains in its sideways consolidation pattern.  This can go either way.

Energy +2.4%, and its partner in crime Utilities +1% were the only sectors up today.

Breadth, despite the fall in the broad market, was neutral.  648 stocks rose, 657 fell.  That's a slight bias to the downside, but not much in it.

Advance-Decline Cumulative remains bullish with the 10-DMA above the 20-DMA.

NH-NL remains below its 10-Day MA.

Until we see NH-NL rise above the 10-Day MA, I'd remain cautious.

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

19/7/22.  Overnight.

 Dow Jones -0.69%.  SP500 -0.84%.  Nasdaq -0.81%.  Small Caps flat -0.05%.  Banks +0.11%.

SP500.

New day, same song.  SP500 remains within its sideways consolidation.  Wait for a break.

Commodities.

Commodities Index +1.87%.  Energy +2.08%.  Base Metals +2.3%.  Agriculture +2.14%.  Gold +0.09%.

Those good Commodities prices should ease the pain for the Oz market today.

After 30 minutes of trading, XJO down about -0.1%.  Eight out of eleven sectors are down.  Energy is up strongly >3%.

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

 18/7/22.  XJO up strongly today.

XJO was up +1.23% today but remains in its sideways consolidation zone.

Breadth was good today with 847 stocks advancing and 506 declining.

Here's the Advances-Declines Cumulative Chart.

A-D Cumulative remains bullish.

NH-NL still hasn't broken above its 10-Day MA.

New Highs remain at a low level, but New Lows have been collapsing.  It wouldn't take much to switch NH-NL into bullish territory.

The 10-Day MA of New Highs is the blue line.  The other one is the 10-Day MA of New Lows.

Cyclical sectors came to the fore today with XIJ up +2.9% and Materials -2.4%.

The previous leaders were both Defensives but that seems now to be switching.  XHJ down -0.5% and XSJ -0.5%.  It might be wise, in MHO, to take profits in those sectors.