Finspiration Australia.

 18/2.23.  Finspiration Saturday Morning Report.

Yesterday, ASX down.  Overnight U.S. mixed.

XJO yesterday.

XJO down -0.86% yesterday.  It remains in a down-trend with the chart stuck in the lower half of the Bollinger Bands, below the 8-Day EMA and below the Supertrend Line.

The hidden divergence remains in play (higher low on the chart, but lower low on Stochastic).  That suggests that the Index will resume its primary up-trend.

For that to happen, we need to see a bullish candle on the chart and for RSI to close above its mid-line and for Accum/Distribution (lowest panel) to break above its MA.

Overnight in America.

Dow Jones +0.39%.  SP500 -0.28%.  Nasdaq -0.58%.  Small Caps +0.13%.  Banks +0.00%.

SP500.

SP500 finished in "No Man's Land", that's the narrow Bollinger Bands in the above chart.

Today's candle is a "dragonfly doji" - opening and closing at the same level.  That shows good intra-day buying.

The opening was a gap down from the previous day's candle.

A dragonfly doji, after a gap down, at the end of a down-trend, often suggests a weakening of the bears and a strengthening of the bulls.  That could signal an end to the down-trend.  A big up-day next is required to confirm.

Commodities.

Commodities Index -0.75%.  Energy -1.63%.  Base Metals +0.84%.  Agriculture +0.49%.  Gold +0.3%.

Gold shows a bullish engulfing candle coming at the end of a down-trend.  That could signal the end of the down-trend.

BITCOIN.

Finspiration Australia.

 17/2/23.  Finspiration Friday morning report.

Overnight, U.S. stocks fall.  Commodities mixed.

Dow Jones -1.26%.  SP500 -1.38%.  Nasdaq -1.78%.  Small Caps -0.67%.  Banks -1.4%.

SP500.

SP500 is back to the 20-Day MA (black line in the middle of the Bollinger Bands).  It's found support several times before at that level, and probably will do so again this time.

The Index currently lies in "No Man's Land", that's the dark narrow BBs on the chart.

A strong up day off support would take it out of NML and above the 8-Day EMA.  That would be a "buy" signal.

Commodities.

Commodities Index -0.29%.  Energy -1.08%.  Base Metals +1.04%.  Agriculture +0.44%.  Gold flat -0.08%.

After 50 minutes of trading this morning, XJO is down about -0.5%.

Bitcoin.

BTC was up +1.4% overnight but showed selling during the evening session.  It has fallen further this morning back to test support.  The trend remains up.  Stay with the trend.

Finspiration Australia

16/2/23.  Finspiration Thursday Evening Report. 

XJO +0.79% up strongly today after yesterday's big down day.

Despite the strong performance today, the action counts as an "inside day" - not enough to call it a bullish event.

The chart remains below the 8-Day EMA.  We need to see a break, at least, above that short-term marker to feel comfortable that the down-trend is over.

Patience is a virtue, saith the Bard.

Finspiration Australia

  16/2/23.  Inspiration Thursday Morning Report.

Overnight:  US stocks opened lower but rose overnight after intra-day buying.  Commodities weak.

Dow Jones +0.11%.  SP500 +0.29%.  Nasdaq +0.92%.  Small Caps +0.98%.  Banks -0.02%.

SP500.

SP500 shows a hidden divergence (higher low on the Index, lower low on Stochastic).  That's a continuation pattern

The trend remains up - as the Trading Gods say:  "stay with the trend".

Commodities.

Commodities Index -1.07%.  Energy -0.96%.  Base Metals -1.95%.  Agriculture  -0.83%.  Gold -1%.

After nearly an hour so trading this morning, XJO is down about -0.6%.

Stocks featuring in Reporting Season Lottery  today:  CBA down -3.35%, Wesfarmers +2.69%, Cochlear +6.61%.

Iron Ore flat +0.1%.

ASX Futures up +0.5% - that should ensure a good start to morning trading.

Bitcoin.

Last night, BTC up nicely +8.6%.  Back now to resistance.  Expect some consolidation here before the next move to the upside.

Finspiration Australia.

15/2/23.  Finspiration Wednesday Evening Report.

XJO down today -1.06%.  The index is now into its eighth day since the closing high on  on 3 February.  Today's action was the biggest down day since the pull-back began.  That often results in a bounce on the next day.

The hidden divergence (higher low for the Index, lower low on Stochastic) is still in play.  I'd go long on the first big bullish candle.  We haven't seen one yet.

The index is now down to a level were a reversal looks possible.  The chart above shows an important horizontal support level, plus the index is down to support of the Kijun Sen (base line of the Ichimoku System).  Support from the 50-Day MA lies a little below the Kijun Sen.

Let's see what the overnight markets bring to the table.

Finspiration Australia.

 15/2/23.  Inspiration Tuesday Morning Report.

Overnight:  US stocks mixed after CPI report.

Dow Jones -0.46%.  SP500 -0.03%.  Nasdaq +0.57%.  Small Caps -0.35%.  Banks -0.2%.

SP500.

Last night's doji candle-stick represents indecision.  The closing price remains above the 8-Day EMA so the trend remains up.

The path of least resistance is to the upside, so SP500 will most likely move higher until major resistance is found.

Commodities.

Commodities Index +0.33%.  Energy +0.69%.  Base Metals +0.69%.  Agriculture continues to fly higher, +0.79%.  Gold +0.08%.

After nearly an hour so trading this morning, XJO is down about -0.6%.

Stocks featuring in Reporting Season Lottery  today:  CBA down -3.35%, Wesfarmers +2.69%, Cochlear +6.61%.

Bitcoin.

Last night, BTC up nicely +2.88%.  It has paused at the 8-Day EMA - it needs to cross above that to prove its short-term bullish credentials.

Finspiration Australia.

 14/2/23.  Finspiration Tuesday Evening Report.

XJO was up just +0.18% today after being up much earlier in the day as intra-day selling knocked the top of early gains.

As a result, XJO shows a tomb-stone candle - that's an indecisive candle - and certainly not a bullish candle.

The chart is show a "hidden divergence".  This occurs when the Index makes a higher low but Stochastic makes a lower low.  This is a bullish continuation signal, but we need to see a bullish candle and a break above that knot of indicators on the chart:  8-Day EMA, Supertrend and Hull Moving Average.  They are causing some short-term resistance.  That could turn into a downside rout - we will have to wait and see.

No doubt, today's indecision was a result of the market waiting to see economic data coming out of the U.S. tonight: Consumer Price Index (CPI) retail sales, industrial production and housing.  That might provide further evidence of the effects of Federal Reserve interest rate rises.

Australia is currently into reporting season.  Tomorrow is a biggie, with Cochlear, Comm Bank and Wesfarmers reporting.