Finspiration Australia.

 25/3/23.  Saturday Finspiration Report.

Yesterday - XJO down marginally after strong intra-day buying.

Last night - U.S. stocks finish positive.

XJO Friday:

XJO down -0.2% yesterday.  The long lower wick on yesterday's candle indicates strong intra-day buying.

The only positive on the chart is the Hull MA13 which is the shortest MA I use.  

XJO remains below the 200-Day MA.  It has been rejected by the 10-Day MA and the first line of the triple Supertrends.  We need to see better than that to enter for a trade.

Overnight in the U.S.  Major indices finish up modestly.  Regional Banks have a big rise.

Dow Jones +0.41%.  SP500 +0.56%.  Nasdaq +0.31%.  Small Caps +1.07%.  Regional Banks +3.03%.  Despite that big rise in Region Banks, the chart remains mired at the low end of its big down-trend.

SP500.

SP500 is doing better than Australia's XJO.  It finished last night above its 200-Day MA and above all three of the triple Supertrends.  

Hull MA13 is positive and the Index finished above the 10-Day MA.

The index remains locked between the 50-Day MA and the 200-Day MA.  A move above the 50-Day MA would be bullish.

Commodities.

Commodities Index +0.48%.  Energy +0.2%.  Base Metals flat -0.05%.  Agriculture +1.53%.  Gold -1.13%.

The upside movements in the American Indices suggest that the Australian market will be up on Monday.

Bitcoin.

Overnight, Bitcoin was down -2.41%.  The Hull MA13 has turned down which is a short-term negative signal.

Longer term, BTC remains bullish - above the 10-Day MA and triple Supertrends.

Finspiration Australia.

 24/3/23.  Friday Morning Finspiration Report.

In the U.S. overnight, choppy trading - modest rise in the Dow Jones.

Dow Jones +0.23%.  SP500 +0.3%.  Nasdaq +1.01%.  Small Caps -0.86%.  Regional Banks down heavily again -2.78%.

Breadth was weak with only two of eleven sectors on the positive side, Telecommunications and Information Technology.

SP500

SP500 had a wide range day ending with a doji candle - lots of indecision.

SP500 failed for the third time at the 50-Day MA - will fourth time be the charm?

The resistance level is at about the 50% retracement level from the early February high - that gives the resistance level added importance.

The Index remains above the 8-Day EMA and the three Supertrend lines.  

Three European central banks (U.K., Norway and Swiss) raised interest rates which didn't help stock market sentiment.

Commodities.

Commodities Index -0.26%.  Energy -0.71%.  Base Metals +1.63%.  Agriculture -0.56%.  Gold remains strong, +1.25%.

After ninety minutes of trading, XJO is down -0.5%, but now gently trending up.

Bitcoin.

Last night, BTC was up +3.41%.  The trend remains up.

Finspiration Australia.

 23/3/23.  Thursday Evening Finspiration Report.

XJO down again today after two days to the upside.

XJO has failed at the first levels of resistance:  -1SD below the 20-Day MA, the 8-Day EMA and the first Supertrend line.  

That doesn't look good to me.

The Ratio Chart of Composite Bonds to XJO continues to favour Bonds.

Until the 5-Day MA gets above the 21-Day MA (at the very least) its best to maintain a defensive stance.

Stay Safe

Finspiration Australia.

23/3/23.  Finspiration Thursday Bitcoin Report.

 Bitcoin fell -2.73% last night but remains above key support levels.  The trend remains up.  Stay with the trend.

Finspiration Australia.

 23/3/23.  Thursday Morning Finspiration Report.

Fed raises interest rates +0.25%.  Stocks tank.

Dow Jones -1.63%.  SP500 -1.65%.  Nasdaq -1.6%.  Small Caps -2.59%.  Confidence in regional Banks continues to collapse, -5.69%.

SP500.

SP500 shows a big bearish engulfing candle  taking the Index well down below nearby supports.  Bearish.

Commodities

Commodities Index +0.26%.  Energy +0.2%.  Base Metals +0.36%.  Agriculture -0.35%.  Gold +1.7%

Finspiration Australia.

 22/3/23.  Wednesday Evening Finspiration Report.

Today, Australian market followed U.S. lead from last night to the upside.

XJO up +0.87% today.

Today was the second day in a row to the upside.  That's the first time for almost three weeks that we've had back-to-back upside days.

That is promising, but looking at the chart it is still below the 20-DMA (centre line of the Bollinger Bands), below triple Supertrend lines and the 8-Day EMA.  It also sits below -1SD from the BB centre line.  Formidable stuff.

Tonight in the U.S., the Federal Reserve will announce its interest rate decision.  That may be market moving.

Above is the ratio chart for Bonds/ASX.  It had a nice move to the upside today but still a long way from the 5-Day MA moving above the 21-Day MA.

Finspiration Australia.

 21/3/23.  Tuesday Evening Finspiration Report

XJO up strongly today but lost momentum in afternoon trading, +0.82%.

It remains at the low end of a long down-trend.

The relative performance of Stocks V Bonds remains in a steep down-trend.

I've put two Moving Averages on the chart, a 5-Day MA and a 21-Day MA.  Until the 5DMA gets back above the 21DMA - its best to be very cautious about the Ozzie Market.