A treat for you this week! Please find attached the 'full' week ahead report that I send out to members of THE STOP HUNTER Traders Club - includes more detailed analysis, charts, trade ideas etc. Access from link below. If you are interested in receiving this on a regular basis or want to join THE STOP HUNTER Traders club then please find out more at the end of this article....
TRADERS CLUB WEEKLY REPORT 06/02/23
Usual weekly summary below..........
OVERVIEW:
- Quieter week ahead in terms of scheduled economic news releases. Look out fir Australian interest rate increase from 3.1% to 3.35% on Tuesday.
- The ‘hawks’ were out last week – FOMC / ECB/ BoE hitting positive sentiment.
- Stock markets: US / European looking strong and breaking up – can they hold the bullish momentum?
- Commodities: Oil, Gold etc pulling back from highs. Chinese demand very important for future bullishness.
- Soft commodities complex hotting up.
- China / US concerns on balloongate!
- Crypto complex upside momentum slowing?
- Another busy week for US earnings after last weeks big tech stock releases.
Trending on Social Media cthis morning:
- USA: Adani, C3 AI, TSLA, BBBY, GNS - Sectors: AI
- UK: Adani, TMC, $Meta Platforms, Inc.(META)$ ETA, SHOP, MRNA
- AUD: TMC, Adani - Sectors: Vanadium
- SA: AMZN, Shoprite, Tencent - Sectors AI
Stock markets: China / India stock markets bullish momentum slowing? US and Europena markets breaking up - can they hold this momentum? Signs of US index pull back? SP500 4114, NDX100 12488, DAX 15306.
Commodities: Metals after a strog january pulling back across the complex. Oil / Energy also weaker. One bullish area is softs: FCOJ, Sugar No11 pushing higher.WTI trading 73.76, Gold Trading 1885.
Crypto: Crypto as I pointed out last week is highly correlated to US stock market performance and has also showed signs of slower upside growth with a possible potential pullback ahead? BTC trading at 22863, ETH pulling back from last week to 1633. Best of the rest (bullish opportunities): DASH, WOO.
Forex: story in FOREX is a continued strengtheniung of the US Dollar. AUD, GBP looking weaker. CHF, CAD picking up gains. EUR holding strong.
Pair combo ideas: (see attached report for currency strength for Majors and Emerging Market currencies):
- -GBPUSD -AUDUSD -GBPCH +USDCAD +USDJPY
Scheduled economic news events to watch out for this week: (Times = GMT)
US Earnings to watch this week - (see attached report for more detail) My picks of the week: ATVI, FISV, CMG, CNC, RCL, $Walt Disney(DIS)$ , YUM, ABBV, AZN, PM, PYPL, MSI, RL, UA.
Chart of the week: $C3.ai, Inc.(AI)$ :
C3.ai – the future of tech?! An AI stock picking up bullish momentum? Upside targets $50, $75, $95.
THE STOP HUNTER Traders Club!
What do you get: Hosted on YouTube. Weekly market trading report, monthly members live webinar meeting, monthly traders academy event, trade signals / ideas / ask me questions via Telegram chat group, (check out the below video for more detail or hit this link: THE STOP HUNTER TRADERS CLUB )
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
Good luck with the trading!
Stephen
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