Finspiration Australia.

 2/2/23.  Finspiration Evening Report.

XJO up a little today after intra-day selling knocked the top off a good rally.

XJO finished up just +0.13%.

The past three days all show intra-day selling.  The long upper wicks on the past three candles all show that intra-day selling.

The bears are active in this market, but haven't yet been able to dominate.  No knowing if they will, but once they get to work they usually prevail.

Until we see clear evidence of a pull-back, stand with the up-trend.

FINSPIRATION AUSTRALIA.

     2/2/2023.  Finspiration Thursday Morning Report.

Dow Jones flat, Nasdaq up after Fed. interest rate announcement.

Dow Jones +0.02%.  SP500 +1.05%.  Nasdaq +2%.  Small Caps +1.49%.  Banks +0.56%.

SP500.

More upside after recent test of support.  Stay with the trend.

Commodities.

Commodities Index-1.89%.  Energy -3.4%.  Base Metals -0.73%.  Agriculture -0.69%.  Gold +1.26%.

XJO, after 90 mins of trading, is up +0.4%

Bitcoin.

Bitcoin was up >3% last night.  It moved back above the 200-DMA last night.  It continues to lie within its consolidation zone and remains above the 8-Day EMA and Supertrend.  Investor sentiment remains positive while it remains above those two indicators.  Watch for a definite move above the recent high for a break-out of the consolidation zone.

Finspiration Australia

 1/2/23.  Finspiration Evening Report.

XJO up +0.33% today after being up much higher early in the day.

Today's action could be a failed breakout.  Early trading took the Index above the high of Tuesday's action then fell back below that high.

Below is a three-day chart which clearly shows the failed break-out.

We need to see continued selling on Thursday to confirm the failed break-out.

FINSPIRATION AUSTRALIA.

    1/2/2023.  Finspiration Wednesday Morning Report.

U.S. stocks push higher after Monday's sell-off.

Dow Jones +1.09%%.  SP500 +1.4%.  Nasdaq +1.67%.  Small Caps +2.53%.  Banks +1.69%%.

SP500.

On Monday, SP500 fell back to the 8-DEMA and the old oblique resistance line.  That has held as support which suggests more upside.  

Commodities.

Commodities Index+1.72%.  Energy +2.03%.  Base Metals +1.2%.  Agriculture +1.25%.  Gold +0.36%.

XJO, after 60 mins of trading, is up +0.8%

Bitcoin.

Bitcoin was up 0.8% last night.  It continues to lie within its consolidation zone and remains above the 8-Day EMA and Supertrend.  Investor sentiment remains positive while it remains above those two indicators.  Watch for a definite move above 200-DMA>

 31/1/23.  Finspiration Monday Evening Report.

XJO finished down just a little again today -0.07%.   A surprise came early in trading with the XJO up strongly but it gave back the early gains to finish more or less flat.  Today's range was a narrow range inside the range of the previous day - that's indecision.

 

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 downside of those two would signal a short-term pull-back.

The three big iron ore miners did well today, BHP +0.3%, Rio +0.9% and FMG +0.23%.  Despite that XMJ (Materials) fell heavily -0.8%.  That's unusual.  So what happened.  Look no further than the Lithium Miners: Allkem -7.5%, Lake Resources -6.9%, Novonix -6.2% and Liontown -5.7%.

Woolworths surprised to the upside +3.8% after an encouraging assessment by a broker

It's a big week for Central Banks this Week with U.S., U.K. and Europe all making interest rate announcements later this week.  Those announcements are likely to be market movers.  Until those announcements we'll probably continue to see our market waffle around.

   31/1/2023.  Finspiration Tuesday Morning Report.

U.S. stocks finish lower.

Dow Jones -0.77%%.  SP500 -1.3%.  Nasdaq -1.96%.  Small Caps -1.08%.  Banks -0.91%.

SP500.

SP500 has formed a bearish kicker pattern.  (Previous day, up, today down).  Dow Jones (see first chart above) has formed an evening star pattern.  Expect more selling.

Plenty of support remains nearby - so the pull-back may not be too strong - depends on what the Fed. does and says later in the week.

Commodities.

Commodities Index -1.29%.  Energy -2.39%.  Base Metals -1.54%.  Agriculture +0.55%.  Gold -0.26%.

Friday's sell signal (StochRSI below mid-line) played out today.  Wait for StochRSI to rise back above mid-line before re-entering.

Despite the bearish lead from Wall St, XJO, after 45 mins of trading, is up +0.26%

Bitcoin.

Bitcoin was down -1.49% last night.  It continues to lie within its consolidation zone and remains above the 8-Day EMA and Supertrend.  Watch for more downside.

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. 

Finspiration Australia. Chart Analysis of Australian and International Stock Markets

30/1/23.  Finspiration Monday Evening Report.

XJO finished down just a little today -0.16%. 

 

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 downside of those two would signal a short-term pull-back.

Six sectors were down today and five up. Tech did best +2.6% followed by Telecommunications +1.1.  Worst were Staples and Health both down -0.7%.

It's a big week for Central Banks this Week with U.S., U.K. and Europe all making interest rate announcements later this week.  Those announcements are likely to be market movers.

NH-NL Cum remains safely in bullish territory providing long-term investors with a degree of comfort.

Below is a chart of Historical and Implied Volatility.

Historical Volatility (blue line) is down around a level seen recently three previous times.  Each of the prior times has been at or close to a reversal point.  No guarantees - but one should be prepared for a pull-back.