3/5/23. Saturday Finspiration Report.

 XJO up moderately yesterday.  Dow Jones - Whooshka.

XJO has bounced up off the 200-Day MA.  200DMA acts as a marker between bearish and bullish, so that's a promising development.

Modest positive divergences on RSI and CCI suggest further upside.

Other than that - the chart remains bearish, and the current move is a counter-trend rely.

My opinion might change on Monday as a result of amazing conditions in the U.S. last night.

U.S. Indices.

Dow Jones +2.12%. SP500 +1.45%.  Nasdaq +1.07%.  Mid Caps +3.27%.  Small Caps +4.06%.  Banks +3.74%.

The Dow Jones has a huge daily candle on it.  More importantly, we also have huge daily candles on the Mid Caps and Small Caps.  The big worry recently in the U.S. market has been the lack of breadth.  A few big names on the Nasdaq have been doing the heavy lifting for the market with a lack of breadth.  That has now been done away with because of the surge in the Mid Caps and Small Caps.

SP500.

This chart is bullish.  A major horizontal resistance lies just above the Index.  That's the high from mid-August 2022.  That might cause the market some difficulty but with a broad based rally it should be able to push up past that after some stuttering.

Commodities.

Commodities were also bullish on Friday night in the U.S..

Commodities Index +1.29%.  Energy +2.35%.  Base metals +0.5%.  Agriculture +0.58%.  Gold fell -1.47%.

Ozzie stocks in NY enjoyed a good night.  BHP +4.13%.  Rio +3.49%.  Woodside +2.6%.

2/6/23. Friday Morning Finspiration Report.

U.S. stocks rise strongly.

 Dow Jones +0.47%.  SP500 +0.99%.  Nasdaq +1.28%.  Mid Caps +0.81%.  Small Caps +0.86%.  Banks +1.61%.

SP500.

SP500 is knocking on resistance from Friday's high.  With negative divergence on the CCI that sets up the possibility of a double top.

Commodities.

Commodities Index +1.63%.  Energy +2.19%.  Base Metals +1.02%.  Agriculture +1.47%.  Gold +0.79%.

With Stocks and Commodities up strongly, Australia is set for a strong Friday.

1/6/23. Thursday Evening Finspiration Report.

 After setting a new 20-Day low today, XJO finished on the positive side, +0.27%.

XJO is sitting down on the 200-Day MA where it often bounces.

The Index is still bearish and has plenty of overhead resistance.  Any move to the upside could make heavy going.

On the bright side, Europe is up strongly this evening.  DAX +1.22%.  FTSE +0.67%.  CAC +0.99%.  STOXX600 +0.96%.

American Futures are positive.  Dow Jones +0.12%.  SP500 +0.23%.  Nasdaq +0.07%.

1/6/23. Thursday Morning Finspiration Report.

U.S. Stocks fall while Law Makers play their fiddles.

Dow Jones -0.41%.  SP500 -0.61%.  Nasdaq -0.63%.  Mid Caps 1.39%.  Small Caps -1.31%.  Banks -2.47%.

Nasdaq has been leading the way, but divergence on the CCI suggests more downside to come.  Then it will depend on whether the Dow can pick up the slack.

SP500

SP500 has been under the influence of the Nasdaq.  It is also showing a negative divergence on its CCI so it will probably follow the Nasdaq to the downside.

Commodities. 

Commodities performed poorly overnight.

Commodities Index -1.12%.  Energy -2.04%.  Base Metals -0.51%.  Agriculture +0.1%. Gold +0.15%.

After 15 minutes of trading this morning, XJO has opened weaker -0.07%.  Not too bad after those weak overnight leads.
 

31/5/23. Australian market fell heavily today.

 XJO down -1.64%.

The chart is bearish.  

After such a poor day, coming at the low end of a down trend, we might get some relief to the upside.

After a weak lead from overseas Australia was also hit today with poor economic news out of China.  That hit our big niners very hard.  BHP -3.38%, Rio -2.1% and FMG -3.03%.

Japan =1.41% and Hong Kong -1.94%.

Europe is down modestly in early trading - STOXX600 down -0.22%.

America is still held spell bound by the Debt Ceiling dealings. U.S. Futures are down a little,

Dow Futs -0.18%.  SP Futs -0.21%.  Nas Futs -0.24%.

31/5/23. Wednesday Finspiration Report.

 Europe down, Mixed results in the U.S.

Dow Jones -0.15%.  SP500 flat +0.00%.  Nasdaq +0.32%.  Mid Caps -0.1%.  Small Caps -0.49%.  Banks +0.3%.

SP500.

SP500 finished flat after intra-day selling knocked down an early positive start.

The chart remains bullish with the 20DMA and 50DMA both pointed to the upside.  Supertrend 7/1.5 remains bullish (yellow) and the chart is above the Ichimoku Base Line.

U.S. stock Futures remain flat while the U.S. law makers play their games.

Commodities.

Commodities Index -2.32%.  Energy -3.53%.  Base Metals -0.95%.  Agriculture -0.62%.  Gold +0.62%.

Gold is about the only positive in an otherwise dreary landscape.

ASX has opened down this morning.  After a few minutes of trading, XJO is down -0.35%.

30.5/23. Australian market index barely moved today.

XJO down just -0.11%

The market remains. ndecisive. XJO finished sitting on the 50-Day MA which is point up.  It is just below the 20-Day MA which is pointing down.  Ichimoku Base Line is also above today's candle.

On the positive side, Supertrend 7/1.5 has yellow - that's bullish.

Overall - not one thing or the other.

Europe is currently mixed with DAX up, FTSE down and CAC down.

American Futures are positive.  Dow Futures +0.28%.  SP500 Futures +0.58%,  Nasdaq Futures going gangbusters +1.15%. 

BHP in London is up moderately, +0.44%.

We'll have to wait and see how American finishes tonight - but it is looking positive.