Finspiration Australia.

 11/3/23.  Finspiration Saturday Morning Report.

From CBS:  California regulators on Friday abruptly shuttered Silicon Valley Bank, closing a 40-year-old financial institution that catered to the tech industry and that was the 16th largest U.S. bank before its sudden collapse. The company's stock tumbled 60% on Thursday and had plunged another 70% on Friday before trading of its shares was halted.   Read more here.

Yesterday in Australia:

Finally, and it gives me no joy to say this, XJO is down to my preferred support zone which I had touted previously for some time.

XJO could fall a little further before a snap-back rally might occur.

XJO down very heavily on Friday -2.28%.

Overnight in the U.S.

Dow Jones -1.07%.  SP500 -1.45%.  Nasdaq -1.76%.  Small Caps -2.5%.  Banks -3.91%.

Last night's candle on the Bank Index finished in the middle of its wide range - but suggests that a lot of indecision remains concerning the Banks.

SP500.

Sp500 is down to an old congestion zone from late December to early January.  That congestion zone is likely to provide support.  But we could see a deal of shuffling in the SP500 before an upside move can begin.

Commodities.

Commodities Index +1.07%.  Energy +1.39%.  Base Metals -0.3%.  Agriculture +0.4%.  Gold +2.16%.

Gold has been a major beneficiary of the uncertainty resulting from the crash of SVB.

Overnight in the U.S., BHP was down -1.02% after lifting in early trading.

BHP is now down to horizontal support from the lows of late-February.  

Indicators are showing possible positive divergences which suggest the falls are coming to an end.  Look for a bullish engulfing candle to confirm.

Bitcoin.

On Friday in the U.S., Bitcoin was down just -0.77% and is now showing signs of rebounding to the upside.  I'd like to see more upside and a cross above the 8-Day EMA before being sure that this is the end of the plunge in Bitcoin, but it is looking promising.

Finspiration Australia

 10/3/23.  Finspiration Friday Morning Report.

Overnight:  U.S. stocks plunge.

Dow Jones -1.66%.  SP500 -1.85%.  Nasdaq -2.05%.  Small Caps -2.36%.  Banks -7.7%.

RSI for Banks down to 21.41.  That's exceptionally low.  I'll be surprised if that doesn't result in a snap back.

SP500.

SP500 is down close to the 19 Jan. low which might act as support.

CCI (bottom panel) is showing a potential positive divergence which suggests a low is close to being made.  Wait for definite signs of a move back to the upside.

Commodities.

Commodities Index -1.22%.  Energy -1.88%.  Base Metals -1.25%.  Agriculture -0.6%.  Gold sparkled +0.98%.

After more than an hour of trading this morning, XJO is down -1.7%, with no sign of a stop to the selling.

BITCOIN.

Bitcoin fell >8% overnight.  RSI is down below 20.  I'd expect a snap-back rally here now.

Finspiration Australia.

 9/3/23.  Inspiration Thursday Evening Report.

XJO finished flat today after falling from highs around 3.00 p.m.

XJO finished up just +0.05% today.  The intra-day sell-off in the last hour is sometimes an indication that our market things the overnight results will be poor.  Today's doji candle-stick indicates indecision.

Today's action was weighed down by some big stocks going ex-dividend.  BHP fell -2.2%, Rio -2.9% and CSL -2.2%.

Myer was a screamer today, up +18.3% after giving out a good half-yearly report.

Some of the big banks did well today, ANZ +0.7%, WBC +1.2% and NAB +1.5%.  About a week ago I noted that the banks were exceedingly over-sold and to watch for a rebound.  That's coming good now.

Financials (XXJ) chart:

XXJ is back above its 8-Day EMA and Supertrend turned bullish back on Tuesday.  The trend is looking good in the short-term.

In early trading in Europe STOXX down -0.35%.

Dow Jones Futures showing -0.05%, while Nasdaq Futures are down -0.35%.

Finspiration Australia.

 8/3/23.  Finspiration Wednesday Evening Report.

From The Australian.

U.S. Markets down overnight - XJO followed down today.

XJO down today -0.77%, after J. Powell snatched away the punch-bowl just as we were getting ready to dive in.

Today's candle is a bearish engulfing candle pulling down from the 20Day MA and the 50Day MA.  Not a good look.

Trading has begun in Europe and, so far, Europe has avoided a knee-jerk reaction like Australia.  Euro STOXX600 down just -0.2%.  German DAX is up marginally, +0.04%.  Japanese Nikkei was up +0.4% today.

Only two sectors were up today, both defensives, Health +0.3% and Telecommunications +0.2%.

The worst performer was Energy -4.2%.  That was impacted by Woodside going ex-dividend.  WDS was down -7.2%.  

BHP was down -0.63% today in Australia.  In London after ninety minutes of trading this evening BHP is up +1%.  If that is an indication, our market should recover some ground tomorrow.

Finspiration Australia.

 8/3/23.  Finspiration Wednesday Morning Report.

Powell's comments sink U.S. Stocks.  Commodities down

Dow Jones -1.72%.  SP500 -1.53%.  Nasdaq -1.25%.  Small Caps  -1.0%.  Banks -3.87%.

SP500.

Selling was consistent throughout the session.  The three-day candle stick pattern is bearish after failing at the 20-Day MA.  

Last night's session broke below the 8-Day EMA and the 50-Day MA.

Support remains with the Supertrend.  Tonight's action looks crucial.

Commodities.

Commodities Index -2.05%.  Energy -2.8%.  Base Metals -2.46%.  Agriculture -0.15%.  Gold -1.75%.

After one hour of trading this morning, XJO is down -0.9%.  

Bitcoin.

Overnight, Bitcoin was down -1.59%.  It remains below the 50-Day MA and 8Day EMA.  Possible support zone is shown by the shaded rectangle.

Finspiration Australia.

 7/3/23.  Finspiration Tuesday Evening Report.

RBA announced its interest rate decision today, up +0.25%.  That may not be good news for home borrowers, but the stock market liked what it heard.  XJO up +0.49% today.  It was more or less flat when the RBA decision was announced.

I think Blind Freddy could see that this chart is looking bullish.  Today's candle finished above the 8-Day EMA and the 50-Day MA.  The Supertrend has switched from blue to yellow - bullish.

Barring nasty surprises from the U.S. tonight, we should see more upside in the near future.

Finspiration Australia

 7/3/23.  Finspiration Tuesday Morning Report.

A big day for Australian markets and home-owners today with the RBA interest rate decision scheduled for 2.30 p.m.

Overnight in America - mixed results after intra-day selling. Commodities down

Dow Jones +0.12%.  SP500 +0.07%.  Nasdaq -0.11%.  Small Caps down heavily -2.26%.  Banks -0.41%.

SP500.

SP500 saw intra-day selling as it hit the Base Line of the Ichimoku system and the 20-Day Ma.  The next move either up or down could indicate the direction for the next few days.

Commodities.

Commodities Index -0.49%.  Energy -0.49%.  Base Metals -0.15%.  Agriculture -0.34%.  Gold -0.5%.

After nearly two hours of trading this morning, XJO is down a little -0.15%.  Waiting on the RBA.

Bitcoin.

Overnight, Bitcoin was up +0.73%.  It remains in a short-term down trend - looking to target the 50-Day MA and horizontal support.