Finspiration Australia.

 13/5/23.  Saturday Morning Finspiration Report.

Australia was flat on Friday, in the U.S. major indices down a little.

XJO

XJO was up just +0.07% on Friday - the fourth day of little movement in the indices.

The Supertrend Lines (two yellow and one blue) indicate a non-trending market.

Daunt DZ Stochastic is bullish, but Daily RSI remains below its 20-Day MA.  Again this is typical of a non-trending market.

A move in the Supertrends to all yellow and a move by the RSI above its 20-Day MA would be bullish.

Time to be patient.

Overnight in the U.S.

Dow Jones -0.03%.  SP500 -0.16%.  Nasdaq -0.35%.  Mid Caps -0.02%.  Small Caps -0.29%.  Banks -0.79%.

Not much happening in the U.S. where the regional banks are still cause for some concern.

SP500.

The SP500, like the XJO, shows a non-trending market.

Wait.

Commodities.

The Commodities don't hold much joy for Australian stocks, although Base Metals seems to be stabilising after Thursday's big drop.

Commodities Index -0.79%.  Energy -1.6%.  Base Metals +0.66%.  Agriculture +0.24%.  Gold -0.17%.

It looks like more of nothing much for our market on Monday.

Finspiration Australia.

 12/5/23.  Friday Morning Finspiration Report.

Markets are under a number of pressures.  Reporting season jerks the market around, last night, Disney down 8%, Alphabet up 4%.  Weakness in the Chinese economy.  The looming debt ceiling.  Regional banks still cause concern.  

On the other hand, Bond yields are falling which should be a positive for the market.

Last night, Dow Jones fell, Nasdaq rose.

Dow Jones -0.66%.  SP500 -0.17%.  Nasdaq +0.18%.  Mid Caps -0.65%.  Small Caps -0.69%.  Banks -1.2%.

SP500.

Last night was a narrow-range, inside day showing some intra-day buying.

The Index remains stuck around the 20-Day MA - just sliding sideways in a consolidation movement.

MFI suggests the next move will be to the downside.

Commodities.

Commodities Index -1.72%.  Energy -1.39%.  Base Metals broke below major support, -3.02%.  Agriculture -1.19%.  Gold -0.96%.

None of the above looks healthy for our resources heavy market, but ASX Futures is only down -0.2%.

Finspiration Australia.

 11/5/23.  Thursday Evening Finspiration Report.

Minimal movement in the XJO today, -0.05%.

STW (a tracking ETF for the XJO) has finished at the same level for three days in a row.

STW is in a sideways consolidation pattern beneath the 20-Day MA.  This is in spite of last night's better than expected inflation report.  Investors have largely ignored that data.  A bit surprising.  Investors seem to think that Central Banks will continue to tighten despite the good inflation numbers.

European stocks in early trading on Thursday are up modestly. Euro STOXX600 +0.37%.

Dow Futures are up a little +0.11%.

Inspiration Australia.

 11/5/23.  Thursday Morning Finspiration Report.

U.S. Inflation lower than expected.  Mixed results in Indices. Tech up.

Dow Jones -0.09%.  SP500 +0.45%.  Nasdaq +1.04%.  Mid Caps +0.17%.  Small Caps +0.39%.   Banks -1.26%.

SP500. 

Long lower wick on today's candle is indicative of the intra-day buying that occurred in the SP500.

That took the index above its 20-Day MA, but the Index is still range bound.

I'd like to see the 8-DEMA above the 20-DMA.

Commodities.

Commodities Index -0.3%.  Energy -0.39%.  Base Metals -1.82%. Agriculture +0.33%.  Gold -0.14%.

Critical time for Base Metals as it tests support.

After 50 minutes of trading this morning, XJO has seen little movement, down just =2.4 points or -0.06%.

Finspiration Australia.

 10/5/23.  Finspiration Wednesday Evening Report.

XJO down just -0.12% today after recovering (almost) from early losses.

Below is a chart for STW - a tracking ETF for XJO:

Intra-day buying is shown by today's yellow candle.

The chart has a slight upward bias, but anything can happen from here.

The middle Bollinger Band is the 20-Day MA - that's sliding sideways.  The chart is oscillating around that line - showing aimlessness or indecision.

The 20-Day MA acted as resistance on Monday.  Until that is overcome - caution is required.

The chart is marginally above the 8-Day EMA, which is below the 20-Day MA.  Ideally, I'd like to see the 8-Day EMA above the 20-Day MA.

In early European trading, STOXX600 is down a little -0.25%.

Pre-market Dow Futures are down a little -0.11%.

Anything can happen from here.

Inspiration Australia.

 10/5/23.  Wednesday Morning Finspiration Report.

U.S. Stocks slip into negative territory.

Dow Jones -0.17%.  SP500 -0.4%.  Nasdaq -0.63%.  Mid Caps -0.37%.  Small Cars -0.62%.  Banks flat  +0.03%.

SP500

SP500 is in a sideways consolidation movement, 8DEMA and 20DMA are both together at last night's candle.  

The chart is above both the 50-DEMA and 200-DEMA so the Index remains bullish in the longer term.

Commodities.

Commodities Index +0.3%.  Energy +0.87%.  Base Metals -0.42%.  Agriculture +0.24%.  Gold +0.71%.

BHP was down -0.64% overnight.

After 15 minutes of trading this morning, XJO is down -0.3%.

Last night's budget has been barely recognised by the market. 

Finspiration Australia.

9/5/23.  Tuesday Evening Finspiration Report. 

XJO down marginally today -0.17%.

Below is an equivolume chart for STW, a tracking ETF for the XJO.

STW finished above its 8-Day EMA and the Supertrend remains bullish.

DZ Stochastic and DZ RSI have crossed above their signal line.

The picture looks bullish.

Volume has been light - which puts some date on the strength of this upside move.

We are, however, in a short-term upside rally - so stay with the trend.