“The action that selling and buying stocks with chart 5”
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…
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Week of October 30 – November 3, 2023,
SPX500: sell
USD/JPY: buy
EUR/USD: sell
BTC/USD: buy
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Results…
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SPX500：
（open：4134.70 – close：4366.62）
USD/JPY：
（open：149.50 – close：149.38）
EUR/USD：（open：1.0563 – close：1.0727）
BTC/USD：（open：34580.49 – close：34607.12）
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ChatGPT (ChatGPT4+Browsing) answer (*excerpt):
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SPX500
Decline in US Consumer Confidence Index:
The US consumer confidence index is declining, reducing the risk appetite of investors. The consumer confidence index for October, announced by the University of Michigan, has fallen for three consecutive months, falling below the median market forecast^1.
Middle Eastern Geopolitical Tensions:
There are ongoing conflicts in the Middle East, which is also worsening the market’s risk sentiment. Notably, the Israeli military has conducted a localized raid in the Palestinian Gaza Strip, and for the first time, a transition to ground operations has been revealed^1.
Good Earnings Reports from Major US Banks:
On the other hand, major US banks have reported strong earnings. In particular, JP Morgan and Wells Fargo have announced quarterly earnings that exceeded analysts’ expectations, and their stock prices have risen^1.
Declining Growth Expectations for Major IT Companies:
Expectations for growth regarding major IT companies have receded, causing a decline in the S&P500. Specifically, expectations for major IT companies that specialize in AI have declined^2.
Forecasts from UBS and Morgan Stanley:
UBS predicts that the S&P500 will reach 4700 by December 2024. Meanwhile, Michael Wilson of Morgan Stanley stated that a rally in the S&P 500 in the fourth quarter of 2023 is “very likely”^3^4.
Considering these factors, one must be cautious about positions in SPX500. On one hand, there are some positive views on the market, such as the strong earnings of major US banks and the forecast from Morgan Stanley. However, due to many negative factors like the decline in the consumer confidence index, geopolitical risks, and reduced growth expectations in the IT sector, it is crucial to trade cautiously while implementing strict risk management.
Based on the above information, I might either take a neutral stance on whether to buy or sell SPX500 or possibly consider a short position.
1: https://jp.reuters.com/markets/us/UKUGZDFBXNJOBMTQW7HPUCVEJU…
2: https://www.ig.com/jp/indices/markets-indices/us-spx-500#…
3: https://jp.reuters.com/markets/japan/funds/5P5TVSDZ6NJYDNUUAJYVOOJAPY…
4: https://www.reuters.com/markets/us/sp-500-rally-q4-more-likely-than-not-despite…
USD/JPY
Strength of US Economic Indicators:
Due to the strength of US economic indicators, the purchase of USD has become dominant^1.
Decrease in Demand for Safe Assets:
Tensions in the Middle East have eased, leading to a decrease in demand for safe assets^1.
Narrowing Interest Rate Gap:
In 2023, it is anticipated that the interest rate gap between Japan and the US will narrow, which may lead to a weakening of the dollar^2.
Japan’s Inflation Data:
Inflation data for Tokyo in October was higher than expected, and this is considered a leading indicator of national inflation in Japan^3.
USD/JPY Price Movement:
The USD/JPY pair recorded a highest rate of 1 dollar = 150.09 yen and an average rate of 1 dollar = 149.41 yen during October^4. Moreover, the target price for USD/JPY as of October 19th is 148.0490, with an expected volatility of 0.914%^5.
Considering these factors, it’s essential to consider the following points:
The strength of the US economy and the decreased demand for safe assets indicate the strength of the USD.
However, the narrowing interest rate gap and Japan’s inflation data suggest the strength of the JPY.
Based on current fundamental factors and market conditions, I would choose to buy USD/JPY at the beginning of the week. The reason being that the strength of the US economic indicators and the decrease in demand for safe assets seem to support the strength of the USD, at least in the short term. However, actual trading strategies might change as market conditions evolve and new information emerges. Hence, it’s crucial to closely monitor the market and adapt accordingly.
1: https://miltonmarkets.com/markets-analysis/markets-20231025…
2: https://japannews.yomiuri.co.jp/business/market/20230101-81380…
3: https://www.fxstreet.com/news/japanese-yen-finally-gets-up-off-the-floor-202310271525
4: https://www.exchange-rates.org/exchange-rate-history/usd-jpy-2023
5: https://allforecast.com/forex/usdjpy/month/#:~:text=Target%20values%20of%20the%20USD%2FJPY,914
EUR/USD
Bank Lending and Economic Outlook in the Eurozone:
According to a bank lending survey published by the European Central Bank (ECB), there is a decline in lending demand from households and businesses in the Eurozone, driven by high interest rates and a deteriorating economic outlook^1.
Germany’s Economic Sentiment Index:
The European Economic Center (ZEW) announced that the economic sentiment index for Germany in October improved unexpectedly to -1.1, up from the previous month’s -11.4. However, the challenging economic situation continues^2.
EUR/USD Price Movement:
The EUR/USD recorded a new weekly low of 1.0550 dollars and closed in the negative zone for the second consecutive day on Wednesday^3. Moreover, while EUR/USD is holding at 1.1000 dollars, there might be a move towards 1.0800 dollars. The inflation data from the Eurozone might exert pressure on the ECB^4.
Considering these factors, given the persistently challenging economic situation in the Eurozone and the downward price trend of the EUR/USD pair, I might opt to sell EUR/USD at the beginning of the week. However, the market situation is always changing, and there’s a possibility of significant economic events or new data releases during this period. Therefore, as a trader, it’s essential to closely monitor market movements and adjust strategies accordingly.
1: https://jp.reuters.com/markets/japan/funds/XT5SAIWQD5I4HIRRAUMUZVGHQI-2023-10-24/#…
2: https://jp.reuters.com/markets/japan/funds/MAOWHW6U2NMLPMZMDHMAYPXWRI-2023-10-17/#…
3: https://www.fxstreet.com/currencies/eurusd#:~:text=Fundamental%20Overview,The%20US
4: https://www.dailyfx.com/forex/fundamental/forecast/weekly/eur/2022/03/27/…
BTC/USD
Bitcoin Price Movement:
Recently, Bitcoin recorded its highest price in three months, temporarily rising to $31,420^1. There was also a day when it hit $34,283, a peak not seen in one and a half years^2.
Anticipation of Bitcoin ETF Approval:
There’s growing anticipation for the approval of a Bitcoin ETF (Exchange Traded Fund), especially the demand for a physically-backed Bitcoin ETF, which is supporting the rise in Bitcoin’s price^3.
Geopolitical Tensions and the Demand for Bitcoin:
With escalating geopolitical tensions, there are reports of increased demand for scarce assets like Bitcoin among investors^3.
US Interest Rates and GDP:
Movements in US interest rates and GDP growth might also impact Bitcoin’s price^4.
Considering these fundamental factors, the heightened expectations for the Bitcoin market, and Bitcoin displaying certain strength, one might opt to buy BTC/USD at the beginning of the week. However, the Bitcoin market is highly volatile and hard to predict, so it’s essential to closely monitor market movements and adjust strategies accordingly.
1: https://jp.reuters.com/markets/japan/funds/5BHHTJOLFZP6VBMB4YIFCQ4JCA-2023-10…
2: https://jp.reuters.com/opinion/forex-forum/JB33BU4YYNP4PMSWR2CXQV7VWA-2023-10-23/#…
3: https://jp.reuters.com/markets/japan/funds/5BHHTJOLFZP6VBMB4YIFCQ4JCA-2023-10-23/#…
4: https://jp.reuters.com/markets/japan/funds/I7K6G7GRKVM6TJTX6BQM34YGOE-2023-10-20/#…
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Extraction date & time:
20231029 01:13
In trading the SPX500, the response was “take a neutral position or a short position”, but I treated it as a sell. I want to be as consistent as possible in whether it is selling or buying.
By the way, Starting this week, there have been unusually long citations, because it started browsing Japanese websites. Since I began using ChatGPT in April this year, it had only been English sites until now. But suddenly, it changed this week. I found it curious, so I asked ChatGPT, and I was told, “There hasn’t been any change in the internal settings or processes” and “By using Japanese sources, we can provide more direct and understandable information for Japanese readers.”
We humans sometimes have moments of inspiration and try things different from what we’ve been doing. I wonder if it’s something close to that kind of insight. I was kind of creeped out a bit.
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