“The action that selling and buying stocks with chart”
Image extraction: DALL・E2
Warning:
The buying/selling listed on this page is not a recommendation to buy or sell the listed stocks, currencies, or crypto assets. It only publishes the results automatically calculated by the computing machine, and has no further meaning or purpose.
In summary…
ーーーーーーーーーーーーーー
Week of June 12 – 16, 2023,
SPX500: buy
USD/JPY: buy
EUR/USD: sell
BTC/USD: buy
ーーーーーーーーーーーーーー
Results…
ーーーーーーーーーーーーーー
SPX500：buy
（open：4306.57 – close：4416.02）
USD/JPY：buy（open：139.26 – close：141.88）
EUR/USD：buy
（open：1.0746 – close：1.0940）
BTC/USD：buy（open：26123.60 – close：26376.70）
ーーーーーーーーーーーーーー
ChatGPT (ChatGPT4+Browsing) answer (*excerpt):
"SPX500
The stock market in 2023 is being primarily influenced by high interest rates, artificial intelligence (AI), and revaluations of balance sheets and cash flows. Large technology stocks are outperforming everything else, due to their strong fundamental elements and exposure to the AI trend. However, there is continued uncertainty due to macroeconomic conditions such as tightening of financial supply, persistent inflation, and high consumer credit use. These are leading to a widely expected recession, but there’s no consensus on its severity or its impact on corporate earnings and the stock market as a whole. Regardless, there seems to be consistency in how current economic forces will impact in the short to medium term.
High interest rates are making investors evaluate balance sheets and look at cash flows, gauging self-financing ability and returns. This is partly driving the effect of capital costs on investments in large technology companies. Also, AI is recognized as a significant economic force, driving investors’ capital allocation based on companies’ exposure/expected profits. When these two forces combine, it becomes completely understandable why large technology companies are seeing significant purchases this year. These companies are not only well-positioned in a high capital cost environment, but also have the best relative exposure to the secular trend of AI.
Based on this information, we recommend a “buy” for the SPX500."
*
1.
https://seekingalpha.com/article/4610535-june-2023-market-today-where-its-headed
"USD/JPY
Based on the information obtained, the current outlook for USD/JPY is essentially bullish. There was temporary resistance last Wednesday, but it reflected a “buying ripple” mentality, and the market pushed the dollar up to the 141 level against the yen. This level is a point that was retreated a few weeks ago, and breaking through it could lead to a significant upward opportunity. Especially if the Federal Reserve (Fed) decides to raise interest rates at the start of this week or takes an overall hawkish stance, this positive sentiment could further increase.
On the other hand, if the market falls below the 130 level against the yen, it may test the 50-day moving average. However, falling below this level has negative implications. Still, the possibility of such a scenario occurring is considered very low unless the Fed’s interest rate announcement and future outlook bring unexpected surprises.
Based on this information, we would currently take a bullish stance on USD/JPY."
*
1.
https://www.dailyforex.com/forex-technical-analysis/2023/06/usdjpy-forecast-8-june-2023/196656
"EUR/USD
According to the latest analysis, the EUR/USD has been showing a rapid downward trend recently. This is mainly believed to be due to the U.S. Federal Reserve (Fed) raising interest rates to curb inflation. The U.S. interest rate hikes are expected to continue, which could push the EUR/USD even lower. However, it is also pointed out that the current price is at a level that has already incorporated multiple rate hikes.
Additionally, it is pointed out that the Fed might hold off on raising interest rates at its next meeting. This could be a big surprise for the market and could temporarily soften the fall of the EUR/USD. However, since the Fed is not stopping rate hikes completely, the downward trend of the EUR/USD is expected to continue.
On the other hand, we could not obtain the latest information about the policy of the European Central Bank (ECB). We need to keep an eye on future developments regarding this point.
Taking all this information into account, the EUR/USD is expected to continue its downward trend, but the halt in U.S. interest rate hikes could trigger a short-term rebound. Therefore, it might be appropriate to take a selling position at the beginning of next week, and adjust the position based on the market reaction after the Fed meeting."
*
1.
https://www.dailyforex.com/forex-technical-analysis/2023/05/eurusd-forecast-june-2023/196287
"BTC/USD
There are several noteworthy movements in the current Bitcoin market. First, the recent price of Bitcoin is around $25,858, and it has slightly declined over the past few weeks. This drop is potentially influenced in part by lawsuits against the Bitcoin exchanges Binance and Coinbase. The U.S. Securities and Exchange Commission (SEC) alleges these companies violated U.S. securities laws and initiated litigation.
However, Cathie Wood, CEO of Ark Invest, continues to maintain a bullish stance on Bitcoin. She stated that the U.S. regulatory system is losing leadership in digital assets and warned that Coinbase is considering leaving the U.S. due to the lack of clear regulation. Ark Invest also issues a bullish forecast that Bitcoin could reach $1.48 million by 2030. Their investment thesis is based on the fact that Bitcoin is the first modern cryptocurrency and the most valuable one. This makes Bitcoin a logical choice for traders, institutions, businesses, and countries looking to diversify into digital assets.
Considering this information, you might want to buy Bitcoin at the beginning of this week. As per Ark Invest’s forecast and the fundamental value of Bitcoin, from a long-term perspective, the current price is likely a good investment opportunity. In the short term, the news of lawsuits against Binance and Coinbase may have influenced the Bitcoin price, but these lawsuits are not necessarily directly impacting Bitcoin itself."
*
1.
https://ycharts.com/indicators/bitcoin_price
2.https://www.fool.com/investing/2023/06/07/cathie-wood-says-bitcoin-worth-1-million-by-2030/
Extraction date & time:
20230611 23:35
It seems that the training data for the plugin (Polygon) I was relying on only goes up to 2021, so I can’t analyze with the most recent information. Therefore, I used +Web Browsing as usual this week. I need to further investigate whether there are any usable economic plugins.
ーーーーーーーーーーーーーー
