2/9/23. Saturday Finspiration Report.

 Dow up, Nasdaq flat.  Commodities up strongly.

Dow Jones +0.33%.  SP500 +0.18%.  Nasdaq -0.02%.  Small Caps +1.01%.  Banks +1.07%.

SP500.

SP500 saw intra-day selling but finished up a little, +0.18%.

The Index has seen four narrow range days in a row after Tuesday's big up day.

It is at the top of the Value Range on the Volume Profile.  So it might take another pause for breath here.

The short-term trend remains up - stay with the trend unless otherwise indicated.

Commodities.

 Commodities Index +1.18%.  Energy +1.65%.  Base Metals +1.34%.  Agriculture +0.18%.  Gold +0.05%.

Those good Energy and Base Metals prices pushed the Sydney Futures up +0.45%.  So the ASX should get a good start on Monday.

BHP in New York +1.34%,  Rio +2.16%.  Woodside _2.22%

31/8/23. Thursday Evening Finspiration Report.

 XJO up a little today.  A narrow range day on low volume.  Not much interest in the trading today.

XJO +0.1%.

 This chart is at a major horizontal resistance level.  The market is not yet oversold, so any pause or short-term pull-back will probably be bought.

The market has come a long way in a short period of time - so a bit of rest time seems likely.

But the trend is up.  Stay with it till it ends.

In early evening trading, the big Swiss bank, UBS, is up +5%.  That's helped the European markets to head to the upside.  STOXX600 currently up +0.28%.

Dow Futures up about the same, +0.29%.

U.S. up modestly.   Commodities also saw small rises.

 Dow Jones +0.11%.  SP500 +0.38%.  Nasdaq +0.54%.  Small caps +0.46%.  Banks -0.63%.

SP500

 Momentum slowed last night.  Indicators are not yet at extreme levels, so the Index may have more gas left in the tank.  Stay with the trend.

Commodities.

 Commodities Index +0.12%.  Energy +0.22%.  Base Metals +0.44%.  Agriculture +0.23%.  Gold +0.25%.

After 30 minutes of trading this morning, XJO is flat this morning -0.07%.

 

30/8/23. Wednesday Evening Finspiration Report.

 Ozzie market up very strongly today XJO +1.21%.  STW +1.3%.

The ASX gapped up at the opening this morning, then at 11.30 a.m. a benign CPI figure gave the market another boost to the upside.  After 2.00 p.m., some selling came into the market which took the top of a robust move.

It would be unusual after such a strong upside move for the market to repeat tomorrow.  So some settling can be expected.  STW is also at a major horizontal resistance level - another reason to expect a slower day tomorrow.

Nine out of eleven sectors were up today.  The only significant fall was in Telecommunications -0.2%.  Discretionary was flat +0.04%, but that was largely due to Wesfarmers going ex-dividend today.  WES was down -0.41% but that was on the back of a $1 dividend which deflated the price.

Europe is down -0.19% in early trading and Dow Futures are flat -0.02%.

30/8/23. Wednesday Morning Finspiration Report.

 U.S. markets up strongly.  Gold up.  Commodities up modestly.

Dow Jones +0.85%.  SP500 +1.45%.  Nasdaq +1.74%.  Small Caps +1.33%.  Banks +1.36%.

SP500

 Last night's candle had a wide range that brought the Index up to the "Point of Control" on the Volume Profile over on the left of the chart.  POC tends to act as a magnet for price and often results in resistance.  Look for a consolidation or pull-back to support.

Commodities

 

Commodities Index +0.37%.  Energy +0.69%.  Base Metals +1.33%.  Agriculture -0.14%.  Gold up on heavy volume +0.98%.

After 10 minutes of trading this morning, XJO up about +0.5%.

29/8/23. Tuesday Evening Finspiration Report.

 ASX up strongly today.  XJO +0.71%.  Nine out of eleven sectors were up.

STW (ETF for the XJO) finished at the 200-Day MA and the top of the Kumo Cloud.

That appears to be an obvious place to pause.

In early evening trading, European stocks are up moderately, +0.49%.

Dow Futures, at this stage, are flat -0.01%.

29/8/23. Tuesday Morning Finspiration Report.

 U.S. markets rise.  Energy down  Gold up a little.

Dow Jones +0.62%.  SP500 +0.63%.  Nasdaq +0.84%.  Small Caps +0.84%.  Banks +1.22%.

SP500

 SP500 remains within the Kumo Cloud, that's the "No Trade" zone.

Supertrend is yellow - that's a short-term bullish indicator - and above the Tenkan Sen (Conversion Line), another short-term bullish indicator.

A break above the Base Line and the top of the Kumo Cloud would be a very positive move.

Commodities.

 Commodities Index -0.16%.  Energy -0.58%.  Base Metals -0.28%.  Agriculture +0.97%.  Gold +0.29%.

Sydney Futures +0.35%, which indicates a positive start to trading today in Australia.