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

 6/8/22.  Yesterday in Australia.

XJO up yesterday +0.58%, but still consolidating but finding resistance at the upper edge of the Kumo Cloud.  Breadth was good:  Advances 807, Declines 560.

Resouce Stocks had mixed results with the miners up strongly (XMM +2.17%) but Energy fell (XEJ -1.4%).

Short-term and medium-term the trend is up.  The long-term trend remains in doubt while the XJO is below the 200-Day MA.

Negative divergence on the CCI suggests the XJO will have trouble breaking above the Kumo Cloud.

Overnight in the U.S., results were mixed with Tech weaker, and Industrials stronger.

Dow Jones +0.23%.  SP500 -0.16%.  Nasdaq -0.5%.  Small Caps +0.49%.  Banks very strong ++1.29%.

SP500

The short-term and medium-term trend remains up, but the long-term trend remains in doubt with the XP500 below the 200-Day MA.

SP500 has been consolidating just above the Kumo Cloud, but divergence on the CCI suggests it will have a difficult time maintaining that position.

Plenty of support remains nearby, so any pull-back might be muted.

Commodities.

Commodities Index -0.36%.  Energy fell again, -0.67%.  Base Metals +0.92%.  Agriculture -0.45%.  Gold -1.12%.

Gold is finding resistance at the 50-Day MA.  It tends to be seasonally strong from August to December, so a break above the 50-DMA could see a strong rally into year end.

Based on the Overnight Metals and Banks, Australia should do OK on Monday.

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

 5/8/22.  Overnight.  Mixed results in the U.S., Tech up again.

Dow Jones -0.26%.  SP500 -0.08%.  Nasdaq +0.41%.  Small Caps -0.81%.  Banks -1.09%

SP500.

Short-term and medium-term trends are up.  The long-term trend remains in doubt while the SPX remains below the 200-Day MA.

Currently, SPX has been consolidating in a narrow range - probably waiting on Jobs numbers on Friday, which will probably be market moving.

Commodities.

Commodities Index (-1.07% continues to weaken under pressure from Energy (-2.53%).  Base Metals went up +1.78%.  Gold also went up +1.65%.  Agriculture +1.52%.

On the ASX today, we can expect a narrow range day.  After 20 minutes of trading today, XJO is up +0.2%.

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

 4/8/22.  Oz Stock finish marginally higher after intra-day sell-off.

Today was a narrow-range day sitting inside the range of the previous day.  We can expect range expansion tomorrow.

Breadth today was positive 754/577.

Financials (XXJ +0.6%) was a stabilising sector today.

Our market continues to be hostage to the American reporting season.  That makes prediction very difficult.

Finspiration Australia. Chart Analysis for Australian and International Stock Markets

4/8/22.  Overnight, U.S. major indices post good rises, led by Technology.

  

Dow Jones +1.29%.  SP500 +1.56%.  Nasdaq +2.59%.  Small Caps +0.91%.  Banks +1/72%.

SP500.

SP500 remains in short-term and medium-term trends while the long-term trend remains in doubt while SPX remains below the 200 Day MA.

Negative divergences on indicators suggest the next move will be to the down-side.

Commodities.

Commodities Index -0.86% was pulled down by weak Energy -1.6%.  Base Metals -0.31%.  Agriculture +0.41%.  Gold +0.24%.

The start of ASX trading has followed the U.S. higher.  XJO up +0.4%.

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

3/8/22.  XJO falls after six days to the upside.

 

XJO down -0.32% and stalling at the top of the Kumo Cloud.

CCI shows a clear negative divergence so we should see some more downside.

Things were a bit weird today.  Advances-Declines was positive 704/617.  NewHighs/NewLows was flat 13/12 and VIX was negative - it usually trends inversely to the XJO.

Materials fell heavily early in the day, down -1.5% but finished up +0.35%.  Technology stocks finished up +2.2% today.  But all the big banks were down.

It's a bit hard to make sense of such data, but the trend is probably going down.

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

 3/8/22.  Overnight:  U.S. stocks finish lower.

Dow Jones -1.23%.  SP500 -0.67%.  Nasdaq -0.16%.  Small Caps -0.84%.  Banks -1.4%.

SP500.

SP500 remains in an up-trend but stalling opposite the congestion zone back in May this year.

Wait.

Commodities.

Commodities Index -0.51%.  Energy +0.12%.  Base Metals -1.79%.  Agriculture -1.4%.  Gold -0.59%.

Gold shows a bearish engulfing candle.  Its upside move appears to have petered out.

None of the above is positive for the Oz market today and, after 20 minutes of trading, XJO is down -0.8%.

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

2/8/22.  Oz market finishes flat after RBA interest-rate announcement.

 

The Australian market was weak for most of the day but initiated an up-trend after the RBA announcement on interest rates.

It finished flat on the day +0.07%.

The chart shows a doji candle-stick at the top edge of the Kumo Cloud.  That represents resistance.  We need to see a clear close of the chart above the Kumo Cloud.

NH-NL continues to show a neutral rating:

Breadth today was slightly negative, Advances/Declines 650/748.  There's not a lot in that figure.

Today's negative figure caused a down turn, but the chart remains bullish.