Finspiration Australia

        10/2/2023.  Finspiration Friday Morning Report.

U.S. stocks down, Energy down, Base Metals flat, Gold down.

Dow Jones -0.73%.  SP500 -0.88%.  Nasdaq -1.02%.  Small Caps -1.3%.  Banks -1.5%.

SP500.

Last night negates the big gains from Tuesday.  SP500 has broken below short-term support of the 8-Day EMA and Hull MA has turned down.  Those are short-term bearish events.  Supertrend remains bullish.  

Plenty of support remains below to soften any further downside moves.

Commodities.

Commodities Index -0.79%.  Energy -1.31%.  Base Metals +0.1%.  Agriculture -0.65%.  Gold -0.79%.

Overnight Oz Futures down -0.4%.  That should mean a poor start to today's trading.

Bitcoin.

Bitcoin was down -4.3% overnight.

BTC broke from its consolidation zone to the downside.  The short-term trend is now down.  Expect support around 21,000 (round figures).

Finspiration Australia.

 9/2/23.  Finspiration Thursday Morning Report.

U.S. stocks down, Energy up, Base Metals Down, Gold up.

Dow Jones -0.61, SP500 -1.11%, Nasdaq -1.68%, Small Caps -1.5%, Banks -0.72%.

SP500.

The up-trend, as defined by the 8-Day EMA and Supertrend, remains in place, although last night's action being an inside candle is indecisive.

Stay with the trend.

Commodities.

Commodities Index +0.21%. Energy +0.42%.  Base Metals -1.47%.  Agriculture +0.3%.  Gold +0.25%.

ASX Futures were down -0.4% overnight, which suggests a  weak opening for the ASX this morning.

BITCOIN.

Bitcoin was down about -1% last night.  It remains in its sideways consolidation where it's been for nearly three weeks.  That's frustrating for interested parties, but there's nothing much to do except wait and see which way this breaks out of consolidation.

Finspiration Australia.

 8/2/23.  Finspiration Evening Report.

XJO up modestly today +0.35%.

Despite recent highs, momentum is clearly dropping off for the XJO.  This can be seen in the above chart where the XJO is now under the top line of the 1STD Bollinger Bands.  That puts it into No Man's Land.

The index still hasn't given a short term "sell" signal, i.e., falling below the 8-Day EMA.

If it falls below the mid-line of the Bollinger Bands (20-Day MA) it might be time to bail out for now.  We're not there yet.

Finspiration Australia.

 7/6/23.  Finspiration Tuesday Evening Report.

It was RBA interest rate day today.  As expected, RBA raised interest rates by +0.25%.  Governor Lowe also stated there would be more interest rates to come this year.  That takes IR up to where they were in 2012.

The hawkish tone of Governor Lowe caused the XJO to drop immediately down about 50 points.  It finished the day down -0.46%.

Here's the intra-day chart:

You can see the big drop in the chart as Governor Lowe was speaking.

To put that into context, here's the daily chart:

In the broad scheme of things, today's drop wasn't too bad.  XJO is sitting on the 8DEMA.  A break below that would probably indicate further downside.  That's usually a fairly good guide to the short-term direction of the market.

At this time for the evening trading session, UK and Germany are going in opposite directions.  UK up, Germany down.  UK is usually a better guide to Oz fortunes.  BHP is currently up but still below its 8DEMA.  Let's see how the overnight markets finish.

Finspiration Australia.

 Update on Bitcoin USD.

The chart below indicates possible Retracement Lines for Bitcoin.

RL1 lies at 21,500 (round figures) and RL2 lies at 20100 (round figures).  These are speculative lines developed from W.D. Gann principles.

Finspiration Australia.

       8/2/2023.  Finspiration Wednesday Morning Report.

U.S. stocks up, Energy up, Base Metals up, Gold flat.

Dow Jones +0.78%.  SP500 +1.29%.  Nasdaq +1.9%.  Small Caps +0.69%.  Banks +1.27%.

SP500.

SP500 has bounced strongly off support of the 8-Day EMA..  Supertrend remains bullish.  The up-trend remains strong.  Stay with the trend.

Commodities.

Commodities Index +1.9%.  Energy +3.39%.  Base Metals +1.2%.  Agriculture +0.25%.  Gold +0.09%.

Overnight Oz Futures up +0.5%.  That should mean a good start to today's trading.

Bitcoin.

Bitcoin was up +1.24% overnight.

Bitcoin in USD continues to hang around its 200-Day MA in a sideways consolidation pattern.  Wait.

 6/2/23.  Finspiration Evening Report.

Bit of nothing day on the ASX today - waiting on the RBA tomorrow.

XJO finished down -0.25%.

Chart seems to be setting up for a pull-back with negative divergences on Stochastic and CCI.  We'll see tomorrow after RBA hands down its interest-rate decision.  Consensus is for +0.25%.

Big news today was for Newcrest after Newmont raised its take-over offer.  NCM up +9.3%.

Property (XPJ) has had a great run recently, down today -1.94%.  That's probably anticipating interest rates going up.

Currently, Europe is down, STOXX -0.59%.  New York Futures, SP500 -0.54%.  Not looking great for Oz tomorrow.  BHP in London is down -0.45% after being up today in Oz +0.61%.

See you all tomorrow.  Stay safe.