Finspiration Australia.

 21/4/23.  Bitcoin Morning Finspiration Report.

Bitcoin continues to slide.

BTCUSD down -2.02% last night.  The trend continues to be bearish.  Avoid.

Finspiration Australia.

 21/4/23.  Friday Morning Finspiration Report.

Overnight, U.S. stocks sink again.

Dow Jones -0.33%.  SP500 -0.6%.  Nasdaq -0.8%.  Mid Caps -0.38%.  Small Caps -0.36%.  Banks -1.81%.

SP500.

Last night's doji candlestick indicates indecision.

The index is close to giving sell signals but not quite there yet. 

The chart is sitting just above the 8-Day EMA where it's been since 16 March - over a month.

DZ Stochastic has closed below its upper boundary line, but not yet confirmed by RSI which is just above its 20-Day MA.

I little nudge lower would see sell signals triggered.  Wait.

Commodities.

Commodities Index -0.87%.  Energy -2.13%.  Base Metals -0.95%.  Agriculture -0.14%.  Gold +0.39%.

Iron Ore Futures -0.8%.  ASX Futures -0.4%.  That makes for a bleak opening today for the Oz market.

Finspiration Australia.

 20/4/23.  Thursday Evening Finspiration Report.

XJO finishes flat, again.

XJO down just -0.04% today.  Another narrow range doji candle-stick.

The first short-term sell signals were triggered today.  Hull MA13 - that's the dotted line hugging the chart - rolled over.  DZ Stochastic finished below its top signal line.

I like to see these confirmed by a close by the RSI below its 20-Day MA - that's the median line of its Bollinger Bands.

Despite the apparently benign trading today - that hid some big changes.

Resources ETF OZR fell heavily.

Two of three Supertrend lines switched from bullish to bearish.

All three indicators in the lower panels all triggered sell signals.

To counter that - banks had a good day.

MVB (ETF for Banks) rose by +1.69%.  It is now hard up against the 200-Day MA which often results in a pull-back.

In overseas markets tonight, things are looking grim.  European stock markets are lower.  German DAX down -0.71% and French CAC down -0.34%.  Dow Jones futures -0.45%.

I think we'll see follow-through selling in the Oz market tomorrow.  (After all - we did have an eclipse today.)

Finspiration Australia.

 20/4/23.  Thursday Morning, Bitcoin Finspiration Report.

Bitcoin fell further last night - confirming bearish "sell" signals.  BTCUSD down -5.17%

Two out of three Supertrend lines have now turned blue (bearish).  One more - and it is a slam dunk.

All three indicators in the lower panels are showing "sell" signals.

Important horizontal support/resistance lies at 28473.  BTCUSD finished at 28824

Finspiration Australia

 20/4/23.  Thursday Morning Finspiration Report.

Overnight in the U.S.  Little change in the U.S. again last night.

Dow Jones -0.23%.  SP500 -0.01%.  Nasdaq +0.03%.  Mid Caps +0.18%.  Small Caps +0.31%.  Banks +1.6%.

SP500.

SP500 remains above the 8-Day EMA and Supertrend (10/1).

DZ Stochastic and Double MACD have given marginal sell signals, but not confirmed by RSI.

Commodities.

Commodities Index -1.39%.  Energy -1.71%.  Base Metals -0.6%.  Agriculture -0.89%.  Gold -0.48%.

Yesterday in Australia we had a flat day with Miners up and Banks down.  Today it seems we'll have another flat day but relative strength reversed, Banks up and Miners down.

Finspiration Australia.

 19/4/23.  Wednesday Evening Finspiration Report.

ASX barely moved today.  XJO up +0.07%

XJO continues to flirt with the horizontal support/resistance line.  It's now had five touches of that line in six days.

The trend remains bullish.

Today was a narrow range day - look for range expansion tomorrow which may lead the way higher or lower.

Overseas markets tonight are not looking happy.  European STOXX600 is currently down -0.31%.  Dow Futures down -0.41%.  Bitcoin USD down -2.96%.

Finspirtion Australia.

 19/4/23.  Wednesday Morning Finspiration Report.

Overnight:  US finishes with little change.

Dow Jones -0.03%.  SP500 +0.09%.  Nasdaq -0.04%.  Mid Caps -0.13%.  Small Caps -0.53%.  Banks+0.17%.

SP500.

SP500 is close to a major horizontal resistance level.  

The chart is in a bearish upscoping wedge which usually breaks to the downside.

Continue to watch for a downside break.

Commodities.

Commodities Index +0.21%.  Energy -0.35%.  Base Metals +1.11%.  Agriculture +0.47%.  Gold +0.39%.

After 30 minutes of trading this morning,  XJO is up +0.1% in choppy trading.  Miners are strong, banks are weak.

Bitcoin.

BTCUSD was up strongly last night, +3.21%.  Technically, bearish conditions continue to exist.

MACD shows a negative double divergence.  Supertrend remains bearish and Hull MA13 is turned down.

Monday's downside move could be a one-off - but until indicators turn bullish - I'll stick with my original analysis.