17 – 21 Feb 2020 Trading week preparation

The content is now separated between markets/folders I track. It´s easier for me and I hope it´s easier clear for you too.
https://www.dropbox.com/sh/42emkdzpvw867i0/AAAHA9ljhEBgHkX63xNnWtesa?dl=0

What I am looking at:
For starters, next week I wil ltake the week off so no trading Week prep.
This week, as always, I am looking at SPX, WTI, GOLD and some FX Pairs.
I am building an interest in natgas, last week close got me interested. The weekly candle close looks promising.

SPX
Another week, another new ATH.
I am growing conscious that the market is not taking things serious about the corona virus. Everyone is behaving like work as usual when the world´s supply chain is stopped for weeks.
Bulls are back in town sentiment wise. And no sell signals were triggered yet, VIX spreads are OK, McClellan Oscillator is just chilling, no exhaustion on the charts

WTI
Nice bounce on WTI at a critical level.
I am afraid a possible OPEC cut won´t do much for crude price.
The stocks are building and China demand is decreasing week by week.
On the bright side, as the crude situation falls apart, American shale companies are great shorts.

https://themarketear.com/posts/cwGhWLzhDy

GBP
I know that last week things didn´t play out as I planned.
I do belive the next numbers for GBP post Brexit will tend to be very bad.
The country is divided and Economic numbers should start to show that.

GOLD
This bad boy is going, and Silver is taking a ride on the side car.
I stand by my call made a few weeks that said to buy any gold weakness.

Blue Apron APRN
I don’t usually short stocks on earnings but blue apron looks ready to die.
Competition is eating they meal left and right and things are not looking good.
They report earnings on Wednesday, I bough puts.

Dropbox DBX
I am not playing this one, earnings on Tuesday. Could storage is being traded like a commodity and big boys AMAZON, GOOGLE and MSFT are eating Dropbox´s lunch.
They are selling more storage, integrated in their ecosystem for a fraction of the price.

Herballife HLF
Well I have a very strong opinion about this.
Just watch “Betting on zero” Documentary on Netflix. I am not a fan boy of Bill Ackerman but the man has a point.

CRYPTO

Events:
Monday
JPY – Revised Industrial Production
USD – Bank Holiday

Tuesday
CNY – Foreign investiment ytd
GBP – Avg earnings Index / Unemployment rate
EUR – ZEW German Economic Sentiment / ZEW Economic Sentiment
CAD – Manufacturing sales m/m
USD – Empire State Manufacturing Index / NAHB Housing Index
JPY – Core Machinery orders m/m

Earnings: WMT,GRPN,HLF

Wednesday
GBP – CPI/ PPI
CAD – CPI
USD – CPI / Building Permits / New Housing Starts

Earnings:APRN

Thursday
AUD – Jobs Data / Flash Man. PMI / Flash Services PMI
EUR – German Gfk consumer climate / German PPI / EUR Consumer confidence
GBP – Retail sales / CBI Industrial Expectations
USD – Philly Fed Index / Unemployment rates

Earnings: DPZ,DBX,NUE,FIT

Friday
JPY – Flash Man PMI
EUR – Flash Man. PMI / Flash Services PMI / CPI
GBP – Flash Man. PMI / Flash Services PMI
CAD – Retail Sales
USD – Flash Man. PMI / Flash Services PMI

Earnings: B,DE

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