StopHunter
2022-11-14

The Trading week ahead: Update Monday morning UK 14/11/22:

Arguably the biggest story from last week was the collapse of FTX and the damage it has done to the crypto complex. This story I feel will roll on into this week and beyond and there maybe more fallout to come, so be careful in that space!

A quiet week in terms of scheduled economic news events. A busy week though for US Earnings again especially Tech and Retail stocks eg $Alibaba(BABA)$ $NVIDIA Corp(NVDA)$ (see my other picks below). Interest rate / inflation rises still hanging over the worlds economies, with further warnings from the US FED. UK autumn budget this statement this Thursday may see more tax increases.

This morning US Dollar weakening heavily. (see attached currency strength charts)

Trending on Social Media this morning:
USA: LLY, LMT, VIHDD, KAL, crypto - FTT
UK:  LLY, LMT, AMD,
AUD: LLY, LMT  sectors: Lithium

Stock markets:Quiet / flat this morning. Will we see any historic bullish seasonality come into play this year, which normally starts to turn up now!? : FTSE 7331,  DAX 14279,  Nasdaq100 11771, S&P500 3986. 
Commodities: NatGas up 6% this morning after falling last week and holding at 6.2. WTI (see attached chart) flatish late 80's at 87.86. Gold looking stronger 1757.
Crypto: Just a mess at the moment more due to the exchanges than the coins!! BTC:16745 ETH: 1255. TWT, DOGE, MATIC the best of the rest.
Forex: US Dollar weakening, CHF strongest. AUD, CAD weak. JPY stronger Monday morning but longer term still weak. Pair combo ideas: -USDCHF, -AUDJPY (see currency strength chart attached)

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

TUES: 00:30 AUD RBA Meeting Minutes, 02:00 CNY Industrial Production (YoY) (Oct), 07:00 GBP Average Earnings Index +Bonus (Sep), 07:00 GBP Claimant Count Change (Oct), 10:00 EUR German ZEW Economic Sentiment (Nov), 13:30 USD PPI (MoM) (Oct).
WED: 07:00 GBP CPI (YoY) (Oct), 13:30 USD Core Retail Sales (MoM) (Oct), 13:30 USD Retail Sales (MoM) (Oct), 13:30 CAD Core CPI (MoM) (Oct), 14:15 GBP BoE Gov Bailey Speaks, 14:15 GBP Inflation Report Hearings
15:00 EUR ECB President Lagarde Speaks, 15:30 USD Crude Oil Inventories.
THU:00:30 AUD Employment Change (Oct), 10:00 EUR CPI (YoY) (Oct), 12:30 GBP Autumn Forecast Statement, 13:30 USD Building Permits (Oct), 13:30 USD Initial Jobless Claims, 13:30 USD Philadelphia Fed Manufacturing Index (Nov).
FRI: 07:00 GBP Retail Sales (MoM) (Oct), 08:30 EUR ECB President Lagarde Speaks, 15:00 USD Existing Home Sales (Oct).

US Earnings to watch this week - My picks: BABA (see attached chart), NVDA, HD, WMT, CSCO, BHP, LOW, AMAT, TGX, $JD.com(JD)$ PANW, NTES, GRAB, BEKE, TME.

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
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Comments

  • HilaryWilde
    2022-11-17
    HilaryWilde
    Don't worry, the inflation situation has slowly started to improve.
  • PandoraHaggai
    2022-11-17
    PandoraHaggai
    Do you think NVDA's financial results will surprise us?
  • BellaFaraday
    2022-11-17
    BellaFaraday
    Retailers' earnings are something I pay a lot of attention to.
  • EvanHolt
    2022-11-17
    EvanHolt
    The dollar's downtrend has arrived. Isn't it?
  • MortimerDodd
    2022-11-17
    MortimerDodd
    The collapse of the FTX did shock many investors.
  • Bulltrader
    2022-11-14
    Bulltrader
    crypto at risk.buy on weakness
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