Weekly review for FX, Commodities and Stock market, including some trades we are looking to enter.

Topics covered:

Fed

Market

AAPL

CRWD

UBER

Stock Stalk

Weekly review for FX, Commodities and Stock market, including some trades we are looking to enter.

Topics covered:

ARM Holdings

AAPL iPhone 15

Crowstrike (CRWD)

AI

Boeing (BA) and best airlines for 2023

In the closing week of August, market conditions opened on a lukewarm note but gained bullish momentum in the subsequent days.

When analysing charts, it's essential to discern patterns or indicators that others might overlook rather than focus on the obvious aspects, as most traders tend to recognise similar trends. However, knowing when to abstain from the market often holds greater significance than understanding trading methods. While many employ strategies, from short-term scalping to utilising tools like stochastics, recognising periods not conducive to trading are often undervalued.

Over the past week, the markets displayed mixed sentiment. On the first trading day, bullish indicators were observed around the 50-day moving average, suggesting potential buying opportunities.

However, the momentum shifted on Tuesday with a weaker session on low volume. Wednesday continued this trend, with a brief spike suggesting temporary strength before continuing the downward trajectory. By Friday, the S&P 500 touched an 8-week low while the NASDAQ fell to a 10-week low, signaling a bearish sentiment throughout the week, consistent with prior expectations.

FOUR earnings Q2 2023

NU earnings call summary Q2 2023.

Summary of Unity’s earnings call Q2 2023.

The beginning of August witnessed subdued trading activities. Despite a bullish candle on Monday, most trading occurred at the session's commencement.

Tuesday had a primarily negative bias, bottoming out mid-session, but regaining strength by the close. A doji formation hinted at a potential market reversal.

Summary of the DDOG earnings call.

Here is a summary of the FIGS Q2 earning report.

FIGS reported robust results in the second quarter, highlighting a 13% net revenue growth from the previous year.

This was fueled by a 21% surge in the active customer base, enhancing the firm's leadership in the healthcare apparel domain.

Starting with the market performance over the last week, it was somewhat atypical with minor price fluctuations during the first two days. Despite some stock movements, the indices remained largely static with a negligible gain on the first day and slight selling pressure on the second. The real shift was observed on the third day when a considerable downward trend emerged. This downward momentum persisted through the week, culminating in a weak Non-Farm Payroll (NFP) report potentially acting as a bearish catalyst.

Here is a summary of the earnings call for NET

Here is a summary of the AAPLE earnings call - you can hear the full call (including Q&A) on the audio above.

ZoomInfo's Q2 financial results included $309 million in revenue and adjusted operating income of $126 million with a margin of 41%.

AMD's Q2 revenue was $5.4 billion, an 18% YoY decrease. The flat sales resulted from growth in Client and Datacenter segments being offset by declines in Gaming and Embedded Segments.

Google had a solid performance this quarter, driven by Search and YouTube, and strong growth in Cloud.

Microsoft Cloud surpassed $110 billion in annual revenue, with Azure accounting for more than 50% of the total.

Tesla reported record vehicle production, deliveries, and revenue of about $25 billion in a single quarter.