The Trading week ahead: Update Monday morning UK 13/02/23:

StopHunter
2023-02-13

The Trading week ahead: Update Monday morning UK 13/02/23:

OVERVIEW:

  • Quieter week ahead in terms of scheduled economic news releases. Look out for US CPI numbers out Tuesday.
  • Stock markets: Global bullish momentum slowing. Nasdaq 100 this years stand out bullish index so far.
  • Commodities: Oil bulls jumping back in? Metals / Gold complex weak.
  • Soft commodities complex hotting up – Sugar No11, FCOJ.
  • US Dollar strengthening. JPY, GBP, EUR weakening?
  • China / US concerns on balloongate still playing out!
  • Crypto complex upside momentum slowing – BTC, ETH retracing?

***DONT FORGET TO CHECK OUT THE STOP HUNTER TRADERS CLUB, where you'll be able to get the FULL weekly report: includes more markets, more analysis, opinion, trade ideas - more details at bottom of this article!

Trending on Social Media this morning:

  • USA: LYFT, CSIQ, XOM, C3 AI, TSLA, BBBY - Sectors: AI
  • UK: C3 AI, XOM, 
  • AUD: GOOGL - Sectors: Coal
  • SA: MTN, PPC,

Chart of the week:

$Alphabet(GOOG)$  Google are into everything – AI, cyber security, data, analytics, software, hardware etc. They are one of those sleeping giants you cant ignore! A 45% price correction from highs toward the end of 2021, means a possible 95% upside potential in the medium term targeting just under $200!

STOCK MARKETS: Global gains starting to slow in February. Signs of more widespread pull back / correction? US markets still the strongest. Nasdaq 100 up 12% YTD. SP500 4090, NDX100 12391, DAX 15344. FTSE100 7900.

S&P500 VIX Volatility picking up = S&P500 weak bearish?

Global performance YTD: NDX100, SZSE Composite, SP500 – leading the way!

Commodities: METALS weakening across the complex. Platinum & Palladium breaking down. Copper retracing back to longer term trend line support? GOLD: $1850 looking like the key price retracement level – can it bounce from here? If not $1800 to $1750 next down targets?

ENERGY: Heating Oil found support at 2.75 – now flat. UK Oil (Brent) looking to push back up again? US NatGas prices still falling but momentum looking slower. WTI  - the bulls heading back in? Bounced nicely from that $73 zone. Upside targets $82, $84. Small pullback on that price rally?

SOFTS: A lot more happening– FCOJ flying, Sugar staying strong. NY Cocoa poised for a bullish break up? Lumber retracing back to lows.

CRYPTO:  Bitcoin looking weak again – 20500 first pullback area, then 19500 and 18000 next downsides. Highly correlated to US stock market – watch for strength / weakness there for future Bitcoin performance direction. ETH trading 1484.

Best of the rest Crypto (bullish opportunities): TRX, MATIC, FET

FOREX: USD still gaining strength in the shorter term. CAD also picking up some bullish momentum. JPY, EUR, GBP weakening off.

Pair combo ideas: (see attached report for currency strength for Majors and Emerging Market currencies):

  • -GBPUSD, -EURUSD -GBPCAD,
  • +USDJPY, +CADJPY

MAJOR Currency pair price action:

Emerging market CCYs: MXN strong, ZAR weak:

Scheduled economic news events to watch out for this week: (Times = GMT)

US Earnings to watch this week - My picks of the week:RBLX, PLTR, DDOG, ROKU, SHOP, TWLO, VALE

THE STOP HUNTER Traders Club!

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Good luck with the trading!

If you’d like to find out more about what I do, you can get in touch with me via:

  • Email: info@thestophunter.co.uk
  • Website: www.thestophunter.co.uk
  • YouTube: @thestophunter

Regards Stephen

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • WebbBart
    2023-02-13
    WebbBart
    Everyone seems confident about the market. Not sure if it is good or not.
  • JohnMitchell
    2023-02-13
    JohnMitchell
    It looks like there are more calls! Going up week.
  • JohnnyYoung
    2023-02-14
    JohnnyYoung
    Yeah more calls, means that investors are pretty confident...
  • AricLo
    2023-02-15
    AricLo
    thanks for sharing
  • NKCT
    2023-02-15
    NKCT
    👌
  • CuriousMind
    2023-02-15
    CuriousMind
    Ok
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