23/6/23. Friday Morning Finspiration Report.

 In the U.S., Nasdaq up, Dow Jones flat.  

Dow Jones -0.01%.  SP500 +0.27%.  Nasdaq +0.95%.  Mid Caps -0.55%.  Small Caps -1.01%.  Banks -2.32%.

SP500.

Last night's bullish engulfing candle suggests that the pull-back is over.  I'd like to see follow-through buying.

Commodities.

Commodities Index -1.86%.  Energy -2.9%.  Nsdr Metals -0.16%.  Agriculture -0.99%

After 15 minutes of trading this morning, XJO is down -0.4%.

22/6/23. Thursday Evening Finspiration Report.

 XJO down heavily today. -1.63%.  Sell signal given by triple Supertrend lines.

NewHighs-NewLows Cumulative remains on a sell signal.

Triple RSI's are bearish.  Daily>Weekly.  Weekly>Monthly.

I don't have a crystal ball - I just follow my signals.

Anything can happen - but the signals are usually reliable.

Stay safe.

21/6/23. Wednesday Evening Finspiration Report.

XJO down today. -0.58%.

The index remains in an up-trend but has stalled at a major horizontal resistance level..  This might be the start of a pull-back but we need to see more evidence.

 

21/6/23 Wednesday Morning Finspiration Report.

 U.S. markets finish lower.

Dow Jones -0.72%.  SP500 -0.47%.  Nasdaq +0.16%.  Mid Caps -0.73%.  Small Caps -0.43%.  Banks -1.01%.

SP500.

SP500 gapped down at the opening suggesting this rally is over.

Intra-day buying kept losses fairly low.  

Any further pull-back should be an opportunity to buy-the-dip.

Commodities.

Commodities Index -0.89%.  Energy -1.25%.  Base Metals -1.78%.  Agriculture -0.41$.  Gold -1.04%.

Gold broke down from its recent consolidation - more down-side looks likely.

Plenty of intra-day buying occurred in Energy - it remains in a sideways consolidation.

In early trading this morning, XJO is down -0.2%.  Resources are affected most with the big miners all down.

20/6/23. Tuesday Finspiration Report.

 Another strong day on the Ozzie market.  XJO up +0.86%.

At times - a couple of times a year - the seems to be gripped by an irresistible force.  Now seems to be one of those times.  XJO up seven days in a row.

This seems to have enough momentum to test the high from mid-April.

Europe was down last night and has started on the down-side again tonight.  That didn't affect our market today!

20/6/23. Tuesday Morning Finspiration Report.

 U.S. markets closed for Juneteenth Holiday, so no data for U.S. equities or commodities.

European markets were weak.  German Dax -0.96%.  French CAC -1.01%.  UK Footse -0.71%.

After 20 minutes of trading this morning, Ozzie XJO is up +0.25%,  that's mainly on the back of better results, at this stage, of Energy +0.63% and Materials +0.39%.

Plenty of trading left in today - we'll probably be flat after the past two days of strong market action and no U.S. lead overnight.

19/6/23. Monday Evening Finspiration Report.

 Another good day on the XJO - the sixth day in a row.

XJO is in a strong up-trend.

Some storm clouds are gathering.  Short Term RSI2 became even more over-bought at 99.18.

Today saw switching into Defensives with Defensive Sectors doing best today.  Staples +1.61%.  Health +1.9%.  Utilities +1.16%.

NewHighs-NewLows still haven't given a "buy" signal.

XJO can still go higher - anything can happen, but it is now starting to look a bit long in the tooth.