Finspiration Australia.

 28/4/23.  Friday Morning Crypto Report.

Overnight, Crypto10 Index up +2.08%.

Today's Index candle, although positive, is an "inside" day - denotes indecision.  Indicators and moving averages remain on the bearish side.

BTCUSD.

BTC on a triple Supertrend buy signal.

Confirmed by positive x-overs of RSI and DZ Stochastic.

ADA

Not as decisive as BTC.

Hull MA13 has turned up.

Only one Supertrend line has turned bullish.

DZ Stochastic shows a positive x-over.

Waiting on a positive x-over on RSI

Finspiration Australia.

 28/4/23.  Friday Morning Finspiration Report.

Overnight in the U.S.  Stocks up strongly.  Worries about banks went out the door with Tech surging strongly. AMAZON falls 2% after its report coming after the closing bell.

Dow Jones +1.57%.  SP500 +1.96%.  Nasdaq +2.43%.  Mid Caps +1.53%.  Small Caps +1.52%.  Banks +1.54%.

SP500

That's a big bullish candle on the SP500 and the index finished above the 8-DEMA and Supertrend turned bullish.  Those are usually reliable early buy signals.  But anything can happen in reporting season.

Amazon is down in extended trading after hours.  SNAP is now down -17% and Pinterest down -13%.  Tread warily.

Commodities.

Commodities Index +0.13%.  Energy +0.09%.  Base Metals +0.37%.  Agriculture -0.19%.  Gold +0.01%.

BHP up +1.2% overnight in New York.  Rio up +1.21%.

Overnight Oz Futures are up +0.75%, so we should have a good start to today's trading in Australia.

Finspiration Australia.

 27/4/23.  Thursday Evening Finspiration Report.

XJO down for fifth day in a row.

XJO down -0.32% today.

All indicators in lower panels are now on sell signals.

While the Index remains above the Kumo Cloud, any pull-back might be limited.

XJO finished at 7293 today.  Support from the Cloud lies at 7239.  One strong down day could see that distance bridged.  Wait.

Finspiration Australia.

 27/4/23.  Thursday Morning Finspiration Report.

Overnight in the U.S.  Industrials down, Tech up.  Meta up 12% after hours.

Dow Jones -0.68%.  SP500 -0.38%.  Nasdaq -0.47%.  Mid Caps -0.86%.  Small Caps -0.9%.  Banks -1%.

Breadth was poor with only one of eleven sectors positive, that was Technology.

SP500.

Triple Supertrend crossovers signal a bearish down-trend.  All indicators confirm the signal.  Wait.

Commodities.

Commodities Index -1.52%.  Energy -2.74%.  Base Metals +0.47%.  Agriculture +0.14%.  Gold -0.54%.

BHP and Rio both up overnight.

Sydney ASX Futures -0.22%.

Finspiration Australia.

 26/4/23.  Cryptos report.

Major Cryptos maintain bearish conditions - but close to changing.

BTCUSD.

Good night for BTC, up +2.86%.  It bounced off the 50-Day MA.  

DZ Stochastic has given a marginal buy signal and it finished marginally above the 8-Day EMA.

I'd like to see the RSI finish above the 20-Day MA and at least one Supertrend trigger a yellow line (bullish).

ADA

ADA up +2.84%.  A strong result but no buy signals triggered.  Wait.

MATIC.

MATIC down -1%.  The day's candle is a wide-range doji candle.  Coming at the low end of a down-trend, that may signal an end of the down trend.  But no buy signals triggered.  Wait.

 

Finspiration Australia

26/4/23.  Wednesday Morning Finspiration Report. 

Overnight in the U.S.  Stocks finish well down.

Dow Jones -1.02%.  SP500 -1.59%.  Nasdaq -1.96%.  Mid Caps -1.93%.  Small Caps -2.59%.  Banks -3.45%.

SP500.

Three doji candlesticks followed by a big down candle?  Indecision resolved.

All indicators are now bearish.  Wait for the down-trend to finish.

Commodities.

Commodities Index -1.42%.  Energy -2.82%.  Base Metals -2.42%. Agriculture +0.33%.  Gold +0.61%.

After 20 minutes of trading this morning, XJO is down -0.49%.  Big miners are taking the brunt of the bearish conditions.

In after market news in the U.S., Microsoft and Alphabet reported.  Both beat expectations.  That should flow on to the Oz market today, although - probably not enough to turn it positive.

Finspiration Australia

 25/4/23.  Tuesday morning Cryptocurrencies.

Four cryptos are covered in this report.  BTC, ETH, ADA, MATIC.  All four are currently on sell signals.  Wait-and-see.

BTC/USD,

BTC/USD remains on "sell" signals.

This crypto is in wait-and-see mode:  a couple of doji candle-sticks indicate indecision as it consolidates at the 50-Day MA. 

CCI has flattened out and DZ Stochastic has also flattened out and close to moving above its lower Zone line.

Money Flow is down almost to 20 - an oversold zone.

A break below the 50-Day MA would see further movement to the downside.  Buyers should look for a bounce off the 50-Day MA.

ETH/USD

Similar to BTC, ETH/USD is on sell signals.

The chart shows two doji candle-sticks in a row - indecision and the chart is sitting just above its 50-DMA.

A break below the 50-Day MA = more selling.

A bounce off the 50-DMA - probably a buy.  Wait-and-see.

ADA/USD

ADA/USD has a similar profile to BTC/USD,  but, perhaps, a little stronger than BTC.  It remains on sell signals.

This crypto is sitting a little above its 50-Day MA, so the same comments for BTC apply to ADA.  Bounce - and it is probably a buy.  Fall through 50DMA - probably more selling.

MATIC/USD.

Matic/USD is a little weaker than either BTC or ADA having fallen through its 50-DMA.

Leading indicators suggest, however, that the break below the 50-DMA could be a false break.

CCI is showing a clear positive divergence and minor positive divergences on RSI and DZ-Stoch.

Wait-and-see how this pans out.