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

 28/1/23.  Finspiration Saturday Report.

Dow Jones flat, Nasdaq up.

Dow Jones +0.08%.  SP500 +0.25%.  Nasdaq +0.95%.  Small Caps +0.36%.  Banks +0.55%.

SP500 Daily and Weekly Charts.

Both Daily and Weekly Charts are bullish with triple Supertrend Lines showing yellow (Bullish)

Daily SP500 has moved above the 200-Day MA and its downtrend line.  The chart is now hitting horizontal resistance.  The chart must finish above both horizontal and oblique lines to prove the down trend is over.

XJO Daily Chart.

XJO is overbought and consolidating at the highs.  CCI shows a negative divergence suggesting a pull-back may be coming.  But, until we see definite evidence otherwise, stay with the trend.

Commodities.

Commodities Index suffered a reversal last night, down -1.12%.  Energy -1.82%.  Base Metals -1.21%.  Agriculture +0.2%.  Gold showed intra-day buying but finished down a little, -0.14%.

BHP fell in New York, -1.91%, but the uptrend remains bullish.  Rio also fell -0.98% but showed plenty of intra-day buying after falling heavily in early trade.  It rebounded at the key 11.00 (NY time) reversal segment.

Bitcoin.

Bitcoin finished flat last night +0.08%.  It continues to consolidate around the 200-Day MA.  

CCI suggests a pull-back may occur, but the best policy, I believe, is to stay with the up-trend until evidence suggests otherwise.

   27/1/2023.  Finspiration Friday Morning Report.

U.S. indices finish strongly after shaky start.

Dow Jones +0.0.61%.  SP500 +1.1%.  Nasdaq +1.76%.  Small Caps +0.69%.  Banks +0.98%.

SP500.

SP500 has finished above its down-trend line which has held it down for many months.  Stay with the trend.

Commodities.

Commodities Index +0.44%.  Energy +0.54%.  Base Metals +0.36%.  Agriculture +1.38%.  Gold -0.91%.

StochRSI has fallen below its mid-line.  That's usually a pull-back signal.

Overnight events suggest Australia will do well today.  After one-hour of trading XJO is up +0.24%.

Bitcoin.

Bitcoin was down -2.2% last night.  It continues to hover around the 200-Day MA.  

Bitcoin continues to hover around the 200-Day MA.  It remains above the 8-Day EMA and the Supertrend.  While it stays above those, holders can breath easily.

Negative divergences on indicators are starting to play out.  Plenty of support exists nearby.    A modest pull-back could provide a chance for bitcoin punters to get set for another surge to the upside.

  25/1/23.  Finspiration Wednesday Evening Report.

XJO finished down modestly -0.3% today. 

 XJO has fallen out of overbought territory (RSI >70) after three days above 70.

It's too early to say that this is the start of a pull-back, but it could be.  XJO remains above the 8-Day EMA and Supertrend (7/1.5).  A break to the downs by those two would signal a short-term pull-back.

Sectors were down today and four up. Discretionary +0.4%and Financials +0.3% were the best performers.  Info.Tech and Energy were the worst, both down -1.2%.

Australian market is closed tomorrow for a public holiday.

Stay Safe.

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

  25/1/2023.  Finspiration Wednesday Morning Report.

Major U.S. indices finish flat after falling in early trade.

Dow Jones +0.03%.  SP500 -0.02%.  Nasdaq -0.18%.  Small Caps +0.28%.  Banks +1.59%.

SP500.

SP500 continues to respect the down sloping trend line where it has failed before.  Crucial time.

Commodities.

Commodities Index -0.28%.  Energy -1.05%.  Base Metals +0.32%.  Agriculture +0.26%.  Gold +0.46%.

In New York, BHP +1.43%, Rio +1.13%.

Bitcoin.

Bitcoin was up +3.01% last night.

Bitcoin continues to hover around the 200-Day MA.  It remains above the 8-Day EMA and the Supertrend.  While it stays above those, holders can breath easily.

Negative divergences on indicators are starting to play out.  Plenty of support exists nearby.    A modest pull-back could provide a chance for bitcoin punters to get set for another surge to the upside.

 24/1/23.  Finspiration Tuesday Evening Report.

XJO finished up +0.4% today - and that's the first time in six months that it has been up five days in a row. That's coming at the top of a long up-trend.  Are we seeing a little "irrational exuberance" creep into the Ozzie market.

 XJO remains in overbought territory (RSI >70) for the third day in a row.  RSI now at 72.32.

It remains overbought with an RSI >70.  CCI is showing a negative divergence which suggests we will see a pull-back in the near future.

Four best performing sectors today were:  Property +1.8%, Materials +1.3%, Info Tech +1.3% and Consumer Discretionary +0.9%.  Other sectors were little changed.

NH-NL Cumulative continued to move higher creating a buffer if the market does pull-back in the near future.

Tomorrow, Australia will see CPI figures for the December quarter.  That has the potential for a market moving event.

Stay Safe.

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

   24/1/2023.  Finspiration Tuesday Morning Report.

U.S. sees follow through buying after Friday's good result.

Dow Jones +0.76%.  SP500 +1.19%.  Nasdaq +2.01%.  Small Caps +1.1%.  Banks +2.1%.

SP500.

SP500 is now back to the down sloping trend line where it has failed before.  Crucial time.

Commodities.

Commodities showed modest strength last night.

Commodities Index +0.24%.  Energy +1.01%.  Base Metals +0.27%.  Agriculture +0.15%.  Gold +0.19%.

Gold is consolidating at its highs, so there is a good chance of further upside.

Bitcoin.

Bitcoin was up +3% last night.   It finished above the 200-Day MA.  That's a big plus.

Negative divergences are starting to show up on indicators so a consolidation or pull-back might be on the cards.  A modest pull-back could provide a chance for bitcoin punters to get set for another surge to the upside.

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

23/1/23.  Finspiration Monday Evening Report.

XJO up just +0.07% today.

 The market was indecisive today recording a narrow range doji candlestick.

It remains overbought with an RSI >70.  CCI is showing a negative divergence which suggests we will see a pull-bcumack in the near future.

Information Tech +1.3% and Energy +0.9% were the best performing sectors.  Other sectors were in a narrow range exhibiting "noise".

NH-NL Cumulative continued to move higher creating a buffer if the market does pull-back in the near future.