Finspiration Australia

 31/3/23.  Friday Morning Finspiration Report.

U.S. stocks rise again.   Nasdaq "officially" in bull market.

Dow Jones +0.43%.  SP500 +0.57%.  Nasdaq +0.73%.  Small Caps -0.09%.  Regional Banks -2.03%.

Nasdaq is up 20% from its lows which puts it into bull market territory.  

While the media has been focussing on the "bad news" in the banking industry, technology has been leading the charge into a new bull market.

SP500.

SP500 has now pushed above the Keltner Channel.  It looks like it's "buy the dips" time again.

Commodities.

Commodities Index +0.73%.  Energy +0.75%.  Base Metals flat 0.00%.  Agriculture +0.94%.  Gold +0.9%.

After nearly 30 minutes of trading this morning, XJO is up +0.7%

Bitcoin.

Last night, Bitcoin fell -0.8%.  During the night session it hit a new 52-week high.  Stay with the up-trend.

Finspiration Australia.

   30/3/23.  Thursday Morning Finspiration Report.

After Tuesday's lull, the U.S. market sprang to life last night. but Oil fell.

Dow Jones +1%.  SP500 +1.42%.  Nasdaq +1.79%,  Small Caps +0.65%.  Regional Banks continue to consolidate, +1.07%.

All eleven U.S. sectors were up, with Real Estate the best +2.31%.  That suggests that Real Estate has bottomed after a two months' slide.

SP500.

SP500 has broken above its sideways consolidation and sits above the Hull MA13, 20-Day EMA and the 200-Day MA.  Supertrend is bullish.  Stay with the uptrend.

Commodities.

Commodities Index -0.54%.  Energy -1.38%.  Base Metals +0.7%.  Agriculture -0.59%.  Gold -0.5%

ASX Futures are up +0.7%.

Bitcoin.

Bitcoin up nearly +4% last night.

The trend remains to the upside.  Stay with the trend.

Finspiration Australia.

    30/3/23.  Thursday Evening Finspiration Report.

XJO up strongly today.  All ASX Sectors rose except for Real Estate.  

XJO up +1.02%.  

In the short-term, XJO has turned decidedly bullish - above the 8-Day EMA and the 20-Day EMA.  Hull MA 13 has turned up (bullish) and Supertrend is yellow (bullish).  The Index still has the 50-Day EMA and top of the Keltner Channel as resistance.

IAF/STW ratio still hasn't turned bullish.  The ratio took a bit of a hit today as STW went down a little (going ex-dividend) while XJO was up strongly.  But the Ratio is very close to turning bullish.

Today's candle is built on yesterday's bullish candle.   

Risk on was signalled today with the best sectors were:  Information Technology +1.7%, Materials +1.5%, Financials +1.5%.

After such a strong day today, we might get a "pause" day tomorrow, but Europe is currently up strongly, +0.8%.  It is still early in the trading session.

Finspiration Australia

  29/3/23.  Wednesday Morning Finspiration Report.

Not much happening overnight in the U.S.   Oil up again.

Dow Jones -0.12%.  SP500 -0.16%.  Nasdaq -0.45%,  Small Caps +0.1%.  Regional Banks -0.09%.

five out of eleven U.S. sectors were up, with Energy the best +1.45%.

SP500.

SP500 is in a sideways consolidation but remains above the 20-Day EMA and the 200-Day MA.  Plenty of indecision with two doji candlesticks in a row.  Wait.

Commodities.

Commodities Index +0.47%.  Energy +0.1%.  Base Metals +0.05%.  Agriculture +0.45%.  Gold 0.82%

After nearly 20 minutes of trading, XJO is down -0.2%.  It seems we'll have a non-trend day today.

Bitcoin.

Bitcoin up +1% last night.

BTC still finished above  Supertrend.  Hull MA13 has turned down reflecting short-term selling pressure.

The trend remains to the upside.  Stay with the trend.

Finspiration Australia.

   28/3/23.  Tuesday Evening Finspiration Report.

XJO had a strong day today.

XJO up +1.04%.  

The Trends:

• Long term trend (200-Day MA) neutral.
• Medium term trend (20-EMA) down.
• Short term trend (Hull MA13) up.

The Index still has a lot of ground to make up to turn the medium term trend to bullish.

Today's candle is bullish and makes a break-out from a rising triangle, which is bullish.  So, in the short-term we're looking OK, just don't get too euphoric yet.

Defensives took a back seat today, while cyclical growth stocks were up solidly.  Energy up +4.5%, Materials up +2.2%, Financials up +1.1%.  Health down -0.9%.

Uncharacteristically, Information Technology -0.6% took a hit - following the American Nasdaq down.

Amongst the large caps, Woodside Energy was the stand-out +5.4%.

The Ratio Chart of Composite Bonds to XJO still hasn't favoured stocks over bonds - that confirms the need for caution until the medium term trend turns up.

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

In early European trade, stocks are generally up with the Euro STOXX600 up +0.3%.

Stay Safe

Finspiration Australia

 28/3/23.  Tuesday Morning Finspiration Report.

Mixed results overnight in the U.S.  Dow out-performs.  Oil surged higher.

Dow Jones +0.6%.  SP500 +0.16%.  Nasdaq -0.47%,  Small Caps +1.02%.  Regional Banks +0.87%.

Eight out of eleven U.S. sectors were up, but the Nasdaq was weighed down by falls in Information Technology -0.85%.  Unlike Australia, IT is a heavy-weight in the U.S. market.

SP500.

SP500 remains mildly bullish finishing above the 20-Day MA and Supertrend.  Hull MA13 remains heading to the upside.  Stay with the trend.

Commodities.

Commodities Index +1.87%.  Energy +3.36%.  Base Metals +0.85%.  Agriculture +0.95%.  Gold -0.93%.

Gold lost some of its safe-haven gloss as regional banks rose.

Iron Ore -0.51%.

After nearly 30 minutes of trading, XJO is up nearly 1%.

Bitcoin.

Bitcoin was under some selling pressure last night falling just over -2%.  

BTC still finished above the 8-Day MA and Supertrend.  Hull MA13 has turned down reflecting the selling pressure.

The trend remains to the upside.  Stay with the trend.

  27/3/23.  Monday Evening Finspiration Report.

XJO had a narrow range day and finished flat.

XJO up just +0.1%.  That's the second narrow range day in a row and the second doji candle-stick in a row.  Lots of indecision.

The Index is consolidating at the low end of the down-trend.  Wait.

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