Finspiration Australia.

 13/4/23.  Thursday Evening Finspiration Report.

Australian market was down modestly today.  XJO -0.27%.

Yesterday, XJO hit horizontal resistance and today retreated a little.  Today's candle is an "inside day", suggesting indecision.  Tomorrow's action could decide which way the market goes for the next few days.

Stochastic is showing a negative divergence from the chart, which suggests the next move will be to the downside.e

Only three sectors were up today, Energy +0.9%, Info.Tech. +1% and Property +0.4%.

The worst today, surprisingly, was Staples -1.2%.  That sector was in the overbought zone of the RSI so there might be some profit taking occurring in Staples.  Today's candle was a big bearish engulfing candle which suggests more downside in Staple.

Finspiration Australia

 13/4/23.  Thursday Morning Finspiration Report.

U.S. weakens overnight despite favourable inflation numbers for interest rates.

Dow Jones -0.11%.  SP500 -0.41%.  Nasdaq -0.85%.  Mid Caps -0.5%.  Small Caps -0.78%.  Banks -0.77%.

SP500.

Last night's candle is a bearish engulfing candle, but the Index remains within the confines of its sideways consolidation.  No real damage done yet.  

RSI and DZ Stock are turned down but still haven't given any "sell" signals.  Wait to see how this breaks from its consolidation.

Commodities.

Commodities Index +0.78%.  Energy +1.42%.  Base Metals +0.72%.  Agriculture _0.34%.  Gold +0.49%.

Resources stocks might save Australia from much damage today.

After an hour of trading this morning, XJO is down just -0.07%.

Finspiration Australia.

 12/4/23.  Wednesday Evening Finspiration Report.

XJO was up moderately today, +0.47%.

XJO is in a strong up-trend.  Today it reached a horizontal resistance level and encountered some intra-day selling.

The Index remains above the 50-Day Moving Average so we might see the Index come  back and test that as support.  If that test is successful and the index bounces - we should see more upside.

RSI and DZ Stock are both strong and in no danger at this stage of giving a sell signal.

Stay with the trend.

Finspiration Australia

12/4/23.  Bitcoin Sinspiration Report.

 Bitcoin up again last night, +4.64%.

The chart remains bullish - stay with the trend.

Finspiration Australia.

 12/3/23.  Tuesday Morning Finspiration Report.

U.S markets mixed overnight.  Rio up >5% in London.

Dow Jones +0.29%.  SP500 -0.00%.  Nasdaq -40%.  The front-line troops of the market (Mid Caps and Small Caps) were both positive.  Mid Caps +0.89%.  Small Caps +0.73%.  Banks were also positive, +1.28%.

SP500.

SP500 has bounced off the 8-Day EMA, - that's a positive.  In the very short-term, however, Hull MA13 has turned down.  Watch for direction in the next session as today's candle was a doji - indecision.

U.S. is coming up to important inflation data which will likely be market moving.

SP500 remains in an up-trend - above the 8-Day EMA and Supertrend.

Commodities.

Commodities Index +0.54%.  Energy +0.87%.  Base Metals -0.31%.  Agriculture +0.68%.  Gold +0.63%.

ASX Futures point to a positive opening this morning, +0.25%.

We should have another positive day today.

Finspiration Australia.

 11/4/23  Tuesday Evening Inspiration Report.

XJO is in a strong upside trend.  Today, XJO was up +1.26% despite a lack lustre lead from the U.S. last night.

XJO jumped up this morning away from its recent short-term consolidation.  It finished well above its 50-Day MA.  

The three Supertrend lines are all strongly bullish.

After such a strong day we might see some settling back tomorrow.  

Next resistance level is at 7365, support at 7226.  XJO finished today at 7310.

Both DZ Stochastic and RSI confirm the uptrend.  RSI is at 62.32 - so there's more room to move before it gets into overbought territory.

Until otherwise indicated stay with the trend.

Stay safe.

Finspiration Australia.

 11/3/23.  Tuesday Morning Finspiration Report.

U.S. up modestly.

Dow Jones +0.3%.  SP500 +0.1%.  Nasdaq flat -0.03%.  Small Caps +1.2%.  Banks +0.82%.

SP500.

SP500 is in a sideways consolidation.  The medium term trend remains up.  

The past two days show intra-day buying.

Stay with the up-trend.

Commodities.

Commodities Index flat +0.00%.  Energy flat +0.09%.  Base Metals -0.51%.  Agriculture +0.24%.  Gold -0.74%.

Although Base Metals finished to the down-side, there was a lot of intra-day buying which augurs well for our miners today.

Bitcoin.

BTC has a big rise last night, up +4.64% and has broken upwards from its long side-ways consolidation.

The crypto remains in an up-trend.  Stay with the trend.