A bullish night on Wall St.

Dow Jones +0.96%.  SP500 +0.84%.  Nasdaq +0.81%.  Small Caps +1.64%.  Banks +1.88%.

Small Caps have been behaving poorly - but last night shows a "kicker" candler stick.  As it comes at the low end of the down trend, that looks particularly bullish.

SP500.

SP500 has broken upwards from its consolidation - expecting more upside.  

Commodities.

 

Commodities Index +0.83%.  Energy +1.13%.  Base Metals +0.92%.  Agriculture +0.46%.  Gold +0.05%.

Perfect overnight conditions for the ASX today.  After 30 minutes of trading, XJO up +1.56%.

14/9/23. Thursday Evening Finspiration Report.

 XJO remains locked in a sideways consolidation.  XJO up today +0.46%

Below is a chart for STW - tracking ETF for the XJO.

STW and XJO are going nowhere at the moment.  We'll just have to wait and see which way it breaks.

European stocks up a little in early trading.

Dow Futures +0.16% while Nasdaq Futures are doing a little better +0.35%.

14/7/23. Thursday Morning Finspiration Report.

 The American market is going nowhere fast - small changes in indices only.  Energy up again.  Base Metals up.

Dow Jones -0.2%.  SP500 +0.12%.  Nasdaq +0.29%.  Small Caps -0.58%.  Banks -0.9%

SP500

SP500 is consolidating in the middle of the Bollinger Bands.  The 20-Day MA is flat.  Wait.

Commodities.

 Commodities Index +0.32%.  Energy +0.29%.  Base Metals +0.49%.  Agriculture +0.32%.  Gold -0.23%.
 

XJO has opened flat today -0.1%.  Not a lot happening.

13/23. Wed9nesday Evening Finspiration Report.

 Ozzie market down sharply today.  XJO -0.74%

Chart for STW:

STW remains sitting at the middle of its Bollinger Bands just above the 20-Day MA.  Hull MA13 remains to the downside.

This can go either way.  Wait.

13/9/23. Wednesday Morning Finspiration Report.

 American markets fall. Dow down a little, Nasdaq down heavily.  Banks up.

Dow Jones -0.05%.  SP500 -0.57%.  Nasdaq -1.04%.  Small Caps -0.08%.  Banks +1.73%.

SP500

 SP500 is in No-man's Land - the middle Bollinger Bands (20/1), above the 20-Day Ma but below the 50-Day MA.  I'm waiting for a more decisive move.

Commodities.

 

Commodities Indes +0.36%.  Energy +1.08%.  Base Metals -0.39%.  Agriculture +0.14%.  Gold -0.52%.

Looks like a down day today.

12/9/23 Tuesday Evening Finspiration Report.

 After a weak start, XJO finished up +0.2%.

Six sectors were up and five down.  Materials up +0.89% but Energy down -1.43%.  Financials were flat -0.06%.

STW is limping along in neutral.  It is hovering above the 20-Day MA (a positive) but the Hull MA13 hasn't turned positive yet.

The bounce off the 20-Day MA hasn't been strong, but better than falling.

The divergence in the Materials (well up) and Energy (well down) is not a good sign - something is wrong with the market when these two disagree.

In early evening trading European stocks are flat -0.07%.  Dow Futures down -0.18%.

Global political developments seem to be a problem, with nothing much happening on markets until they see which way the Putin/Kim meeting goes.

12/9/23. Tuesday Morning Finspiration Report.

 U.S. markets on the up.  Nasdaq strong.  Energy up, Base Metals up.

Dow Jones +0.25%.  SP500 +0.67%.  Nasdaq +1.14%.  Small Caps +0.07%.  Banks +0.3%.

SP500.

SP500 might pause here at the Supertrend (1/10) but it appears destined to rise to the top of the Value Zone on the Volume Profile.  That coincides with the recent high and Point of Control (longest bar on the Volume Profile).  That represents the area where most trading volume has occurred - congestion.

Commodities.

Commodities Index +0.6%.  Energy +0.53%.  Base Metals - Whooshka - +1/98%.  Agriculture +0.73%.  Gold +0.19%.

Ozzie Overnight Futures +0.1%.  That looks pessimistic to me.  But - it does mean we should have a positive opening.