17/12/22. Finspiration Saturday Report.

CNN has come out and said it:

Dow tumbles on recession fears. So much for a Santa Claus rally.

You know what the cynic in me says. ............ Watch this space.

Overnight in America - yes the Dow did tumble. Commodities also fell.

Dow Jones -0.85%. SP500 -1.11%. Nasdaq -0.97%. Small Caps -0.9%. Banks -0.77%.

SP500.

SP500 remains on a sell signal - triple bearish Supertrend Lines.

The Index fell to the 50-Day MA last night - that's a probable support level. A little intra-day buying was seen in the Index. That came in the last hour of trading which is often a sign that institutions are starting to play in this game.

Commodities.

Commodities Index -1.27%. Energy -1.4%. Base Metals -1.4%. Agriculture -0.3%. Gold was a bright spot, up +0.87%, bouncing off the 20-Day MA.

With stocks and commodities both down - there's not much hope for Australian stocks on Monday.

Bitcoin.

Bitcoin fell heavily last night. It is back on a triple Supertrend Sell. Avoid.

Yesterday in Australia.

Yesterday, XJO was down -0.78%. It is down almost to a horizontal support level.

50DMA is above 200DMA - that's a Gold Cross. Watch for a bounce in the near future. but not always reliable. If XJO falls below the MAs that negates the Gold Cross signal. Look for a bounce in the near future.