7/7/23. Thursday Evening Finspiration Report.

 Another down day for the Ozzie Market.  XJO -1.19%.

All sectors were down today in a broad based market decline.  Best performers today were:  Real Estate -0.13%, Telecommunication Services -0.19% and Utilities -0.24%.

Worst performer today was Materials -3.17%.  That fall was exaggerated by BHP going ex-dividend.  BHP makes up about 10% of the Ozzie market.  When BHP goes ex-dividend it has a big effect on the market and, of course, a much bigger effect on its sector.  BHP fell -5.18% today, RIO in comparison fell -2.48% and Fortescue -2.31%.

Energy was the next worst performer -1.49%.  The  biggest company in XEJ is Woodside, down -1.48%.

STW Chart.

STW finished below the 20-Day EMA today.  I think there's probably more downside but I've been surprised at how light the Volume has been.  There's not a lot of conviction in the sell - so it may not have far to go..

7/9/23. Thursday Morning Finspiration Report.

 American markets fall overnight.  Dow -0.57%.  SP500 -0.7%.  Nasdaq -1.06%.

SP500 CHART:

SPX is on a short-term sell signal having broken below the Supertrend Line (10/1).

Sydney Futures down -0.49%. 

6/9/23. Wednesday Evening Finspiration Report.

 Ozzie Market down heavily today.  XJO -0.78%.

STW down -0.71% today.  STW is a tracking ETF for the XJO.  That takes the STW breaking below the Supertrend Line and the 5-Day EMA.  

STW has also re-entered the Value Zone of the Volume Profile.  That usually means a trip to the lower edge of the Value Zone.  That's about -2.4% from the current level.

Europe is now down -0.71% in early trading.

Dow Futures down -0.17%.  Nasdaq Futures down -0.4%.

XJO has broken below the range of the first three days of the Month.  That suggests we will see weakness into the midddle of September.

6/9/23. Wednesday Morning Finspiration Report.

 American markets slip.  Small Caps down heavily.  Energy up.  Base Metals down.

 Dow Jones -0.56%.  SP500 -0.42%.  Nasdaq -0.08%. Small Caps -2.96%.  Banks -0.94%.

SP500

SP500 is sitting on support of the 5-Day EMA.  Indicators have turned down.  

The trend remains up - but another down day might put that in jeopardy.

Commodities.

Commodities Index +0.48%.  Energy +1.12%.  Base Metals -1.18%.  Agriculture +0.64%.  Gold -0.82%.

Oz Futures -0.19%.  

Our market is likely to be weaker today.
 

5/9/23. Tuesday Evening Finspiration Report.

 After early losses, XJO recovered most of those to finish down just a little today.

STW (a tracking ETF for the XJO) remains above significant moving averages.

The past three days show doji candle-sticks which is often a sign of an imminent reversal, but there are no other signs suggesting a serious pull-back.

Stay with the trend until it is clearly ended.

5/9/22. Tuesday Morning Finspiration Report.

 Good Morning.

Last night, America markets closed for Labor Day.  European markets were relatively flat.

In the U.K. Bhp up 1.32%.  Rio up +2.05%.  WDS +2.62%

Overnight OZ Futures down -0.26% point to a weak start to the day's trading.

Reserve Bank interest rate decision at 2.30 p.m. today.  It is expected to keep rates on hold.

 

4/9/23. Monday Evening Finspiration Report.

 XJO up today on the back of Mining and Energy Stocks.

Materials - the best performing sector today +1.95%.  Energy next with +1.59%.

Worst performing sectors today were the Defensives.  Health -0.3%.  Utilities -0.48%.  Staples -0.63%.   Clearly - switching out of Defensives to Risk-on Assets.

XJO appears to be in a strong up trend and starting another leg up after consolidating for a couple of days.

Today's bullish engulfing candle is a positive sign.

In early evening trading, European Stocks are up strongly +0.77% following on from good results in Australia.

Dow Futures are unchanged at this stage.