Finspiration Australia.

 29/4/23.  Saturday Finspiration Australia.

Yesterday, ASX up modestly.

Overnight in the U.S.  Another strong period for stocks.

XJO.

On Friday, XJO started well after a strong session on Wall Street but faded just before noon.  The afternoon session saw a little strength, but not enough to push the index back above the 8-Day EMA.

Indicators remain on sell signals.

Overnight in America.

Dow Jones +0.8%,  SP500 +0.83%.  Nasdaq +0.69%.  Mid Caps +0.93%.  Small Caps +1%.  Banks 1.49%

Nasdaq was up +1.89% for the week which had big tech companies reporting.  SP500 up +0.87%.  Dow Jones up +0.86%.  XJO was down -0.29% for the week.

SP500.

SP500 remains bullish after a strong day on Thursday.  

Indicators are showing negative divergences which may dissipate if further upside is seen.

Commodities.

Commodities Index +0.94%.  Energy +1.92%.  Base Metals +0.31%.  Agriculture -0.14%.  Golds flat +0.03%

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.