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

 8/12/22.  Finspiration Evening Report.

XJO followed the U.S. down last night.

XJO -0.75%.

XJO is now in a short-term down trend.  The next support level is at 7100 - the Base Line of the Ichimoku System.

The worst performing sector today was Energy (XEJ) down -2.73%.  There's not any indication yet that Energy is bottoming, but it is not far away.

Financials (XXJ) were down heavily today, -1%.  Again there is no sign yet that it is bottoming, but is not too far away.

This will turn around soon.

Stay Safe.

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

 8/12/22.  Finspiration Morning Report.

Choppy Trading in the U.S. sees Dow finish flat.  Energy rout continues.

Dow Jones +0.00%.  SP500 -0.19%.  Nasdaq -0.51%.  Small Caps -0.47%.  Banks +0.22%.

Three defensive sectors finished on the positive side, Health, Staples and Property.

The yield curve continues to invert and is now at levels not seen since the 1980's.  That says the U.S. will be in recession sometime next year.  Looks like the Fed. has overdone the interest rate increases.

SP500.

SP500 finished with a doji candlestick - shows indecision in choppy trading.

The Index is almost down to triple support - top of the Kumo Cloud, Ichimoku Base Line and horizontal support.  That's likely to hold.  Wait.

Commodities.

Commodities Index -0.5%.  Energy -1.88%.  Base Metals +1.53%.  Agriculture +0.1%.  Gold +0.9%.

Iron Ore Futures +0.66%.

Bitcoin.

Bitcoin was down -1.3% last night.  That's not enough to move the Renko Chart.

Bitcoin continues to consolidate at the lower end of its down-trend.  I'd avoid BTC until we see some more solid upside movement.

ASX Futures -0.15%.  That suggests a soft opening for the ASX today.

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

 7/12/22.  Finspiration Wednesday Evening Report.

ASX follows overnight markets today.

XJO down -0.85%.

This is a Renko chart of the XJO.  Renko chart have the advantage of eliminating "noise" in charts.

This chart shows its first weakness since mid-October.  That's not enough for a "sell" signal.

But - the chart was overbought on the RSI (above 70) and in the "stress" zone on the Stochastic RSI.

Expect further downward movement.  Plenty of support exists nearby, so any pull-back is likely to be bought.

Finspiration Australia. Chart Analysis for Australian and international Stock Markets + Bitcoin

 7/12/22.  Finspiration Morning Report.

U.S. stocks fall for fourth day.  Energy down heavily.

Dow Jones -1.02%.  SP500 -1.44%.  Nasdaq -2%.  Small Caps -0.94%.  Banks -1.63%.

Ten our of eleven U.S. sectors fell.

SP500.

SP500 is down almost to critical triple support.  Expect a slowing of the downside movement or intra-day buying tomorrow.

The Index remains in the lower half of the up-sloping Andrew's Pitchfork.

Commodities.

Commodities Index -1.6%. Energy -3.15%.  Base Metals +0.54%.  Agriculture -0.71%.  Gold +0.27%.

Iron Ore Futures +0.3%.

Bitcoin.

In USD Bitcoin was up +0.5%.

Bitcoin continues to consolidate at the low end of its long down-trend.  Positive divergences on RSI and Stochastic RSI suggest a move to the upside might occur.

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

 6/12/22.  Evening Report.

Australian market down moderately today.  XJO down -0.47%.

XJO remains in a consolidation pattern. The Conversion Line of the Ichimoku pattern may provide support.

If that fails we have support from the Base Line at 7100 (round figures).  XJO currently at 7291.  I'm not expecting that to come into play.

XJO is in a strong upside trend.  Stay with the trend.

Inspiration Australia. Chart Analysis for Australian and International Stock Markets + Bitcoin.

 6/12/22.  Tuesday Morning Report.

Overnight in America, Dow drops almost 500 points, -1.4%.  Energy down heavily.

Dow Jones -1.4%.  SP500 -1.79%.  Nasdaq -1.93%.  Small Caps -2.72%.  Banks -4.39%,

All sectors in the American market were down.

SP500

SP500 has failed at the 200-Day MA.  It remains in the lower half of the up-sloping Andrew's Pitchfork.

The Index has a triple support area nearby:  horizontal support, the top of the Kumo Cloud and the Ichimoku base line.  That's strong support and will probably hold.

Commodities.

Commodities Index -2.59%.  Energy -3.89%.  Base Metals -1.32%.  Agriculture -0.45%.  Gold -1.72%.

 Iron Ore also fell, -1.9%.

All that makes for a dreary start for the ASX.  After 20 minutes of trading, XJO is down about -0.4%.

Bitcoin.

Above is a Renko Chart for Bitcoin.  Renko Charts have the advantage of cutting out "noise" and trends can be easily see.  Bitcoin was down more than -1% last night.

Bitcoin is currently in a long term down trend, although consolidating at the lower end of the trend.

I would avoid until we can see signs of an up-trend developing.  

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

 Monday Report.  5/12/22.

XJO up modestly today +0.33%.

XJO remains in an uptrend.  Stay with the trend.