Liveblog Archief woensdag 12 oktober 2022

TOP NEWS
• U.S. scrambles to prevent export curbs on China chips from disrupting supply chain
The U.S. is scrambling to tackle unintended consequences of its new export curbs on China's chip industry that could inadvertently harm the semiconductor supply chain, people familiar with the matter said.

• PepsiCo rides on price increases to lift annual forecasts
PepsiCo raised its annual revenue and profit forecasts, powered largely by the multiple price increases the soda and snack giant had made to cushion the impact of rising costs.

• Legal challenges could hamper U.S. rule to limit independent contracting
Business groups will almost certainly file lawsuits in an attempt to delay or derail a rule proposed by the Biden administration on Tuesday that would limit companies' use of independent contractors, experts said.

• Against war and other shocks, pandemic fades from world economic agenda
The dozens of items on the public agenda of the annual meetings of the World Bank and International Monetary Fund this week include several sessions on climate change, food security, and other chronic world problems, some on inflation and trade, and attention as well to economic inclusion and digital currencies.

• Twitter reviews policies around permanent user bans - FT
Twitter is reviewing its policies around permanently banning users, possibly bringing its content moderation in line with Elon Musk's vision for the social media platform, the Financial Times reported.


BEFORE THE BELL
U.S. stock index futures rose, with investors eyeing key inflation data and minutes from the Federal Reserve's September meeting to gauge the rate-hike path. European stocks held steady, while the sterling recovered as the Bank of England reiterated that it would end its emergency bond-buying at the end of the week. Japanese stocks ended flat, with sliding tech companies countering gains in travel-related firms. The U.S. dollar was flat, while spot gold prices edged higher. Oil was higher, supported by supply concerns stemming from last week's OPEC+ cut to its production target.


STOCKS TO WATCH
Results
• PepsiCo Inc: The company raised its annual revenue and profit forecasts as the soda and snack giant benefits from multiple price increases to blunt rising costs. Consumers, wrestling with a relentless surge in inflation, are eating more at home than at restaurants as they cut back on discretionary spending. A trend that has benefited U.S. packaged food makers like PepsiCo that offer everything from snacks to sports drinks. A near duopoly in the carbonated drinks market with Coca-Col has helped PepsiCo raise prices with little push back while its strong market position in snacks has also buffered the company. PepsiCo said it expects 2022 organic revenue to rise 12%, compared to a prior forecast of a 10% increase. PepsiCo had raised its revenue expectations in April and July. The company said it expects fiscal 2022 core constant currency earnings per share of about $6.73, compared to its previous forecast of $6.63.

In Other News
• Apple Inc: The iphone maker and Samsung will upgrade software for their 5G-enabled phones in India by December, the companies said, as Indian authorities press mobile phone manufacturers to adopt the high-speed network. Apple said it would push software upgrades to recent models, including the iPhone 14, 13, 12 and iPhone SE, which, industry sources say, do not yet support the network. "We are working with our carrier partners in India to bring the best 5G experience to iPhone users as soon as network validation and testing for quality and performance is completed," Apple said in a statement. "5G will be enabled via a software update and will start rolling out to iPhone users in December." Indian Prime Minister Narendra Modi launched 5G services on Oct. 1 amid much fanfare, with leading telecom operator Reliance Jio saying it would make the service available in four cities, while rival Bharti Airtel targeted eight cities. A Samsung India spokesperson said the company would roll out updates across all its 5G devices by mid-November.

• Boeing Co: The U.S. planemaker sees travel in Latin America ramping up more quickly than in other regions as countries loosen regulations and household incomes rise, the company's regional analyst said on Tuesday. Boeing expects Latin American air traffic to grow an average of 4.4% annually over the next two decades, surpassing the 4% growth it forecasts for the industry worldwide, helped by a trend towards more liberal policies over the next 10 years. "We see liberalization not only as an engine of growth for the industry, but also as a great way to democratize air travel and make it accessible for a larger number of people," David Franson, the company's regional director of market analysis, told Reuters. Franson said a trend toward looser state control had already helped develop a network of low-cost carriers in the region, adding more routes in Latin America. Low-cost carriers such as Argentina's Flybondi and Chile's JetSmart have already found a foothold, while Mexico's Volaris has focused on a strategy of so-called "bus-switching," targeting traditional bus users who previously could not afford pricier plane tickets. Airlines across Latin America have added 200 net airport pairs to their networks over the past 10 years, he said.

• Booz Allen Hamilton Holding Corp: A federal judge in Maryland ruled on Tuesday against the government's effort to stop the company’s planned purchase of EverWatch over competition concerns, according to a court filing. The U.S. Justice Department filed a lawsuit to stop the transaction in June. The Justice Department had asked for a preliminary injunction to stop the deal, which Judge Catherine Blake refused to give. Her full opinion is under seal, according to the docket at the U.S. District Court for the District of Maryland. The deal was announced in March. Terms of the transaction were not disclosed. Neither the Justice Department nor Booz Allen immediately responded to a request for comment. EverWatch provides software, AI, machine learning and other technological services to national security agencies. The Justice Department had argued that the deal would threaten competition to provide the National Security Agency with operational modeling and simulation services. The deal, if allowed, would leave just one company to provide these services, the department said.

• Cameco Corp & Brookfield Renewable Partners LP: The companies said on Tuesday they would acquire nuclear power plant equipment maker Westinghouse Electric in a $7.9-billion deal including debt, amid renewed interest in nuclear energy. The deal for one of the most storied names in the American power industry at an equity value of $4.5 billion comes at a time when nuclear power is seeing an uptick in interest amid an energy crisis in Europe and soaring crude oil and natural gas prices. Nuclear power is also key for countries to meet global net-zero carbon emission goals and could be on the cusp of a boom seen after the 1970s oil crisis. "We’re witnessing some of the best market fundamentals we’ve ever seen in the nuclear energy sector," Uranium fuel supplier Cameco's chief executive, Tim Gitzel, said. Cameco will own 49% of Westinghouse, while Brookfield Renewable and its institutional partners will own the rest.

• Cisco Systems Inc & Microsoft Corp: The networking firm will add Microsoft Teams messaging app to its meeting devices, the two firms said, offering users an alternative to its own Webex video conferencing app. Cisco's Jeetu Patel, head of Security & Collaboration, said the company aims to be the hardware platform for a wide range of conferencing software platforms. "The way this market is evolving is very similar to the way that the movie entertainment market evolved," Patel said, with consumers having multiple subscriptions to streaming services like Netflix, Disney, HBO and Hulu. "There's going to be times that people want to jump on a Microsoft Teams call, they want to jump on a Zoom call, they want to jump on a Google call." Asked whether the strategy could cannibalize market share for Cisco's Webex app, Patel said he believed the company will benefit if customers have a better experience using multiple platforms. Webex, once a widely used conferencing platform, has lost out to several newcomers including Zoom Video Communications, which was founded by an early Webex engineer and grabbed a large share of the market during the coronavirus pandemic.

• Credit Suisse Group AG: An attorney for investors suing the bank told a jury in U.S. court on Tuesday that chats between traders prove the world's largest banks colluded to fix prices in the foreign exchange market between 2007 and 2013. Credit Suisse is the last bank defendant remaining in the class action that began in 2013, after 15 others reached $2.31 billion of settlements. Investors have accused Credit Suisse traders of sharing nonpublic pricing information with traders at other banks, including in chat rooms with names such as "Yen Cartel." "Trust the chats, the chats will tell you what happened when," Christopher Burke said during opening statements in Manhattan federal court. The trial is expected to take around two weeks. The jury will decide whether there was a conspiracy to rig the foreign currency market, and whether Credit Suisse was involved in one or more schemes. The bank's attorney, Edward Moss, said in his opening statement that separate chats between handfuls of traders do not prove Credit Suisse engaged in a conspiracy to rig the world's largest financial market. Separately, The cost of insuring the debt of Credit Suisse against default rose, while its bonds and shares fell, after reports that the Swiss lender may be the subject of a U.S. tax investigation.

• Diamondback Energy Inc: The oil and gas producer said on Tuesday it will buy all leasehold interest and related assets of FireBird Energy LLC for $1.6 bln in cash and stock. FireBird's assets currently consist of about 68,000 acres in the Midland Basin in Texas, with estimated production, at the time of the closing of the deal, of about 17 million barrels of oil per day. The FireBird acquisition marks the biggest deal for Diamondback since its back-to-back purchase of QEP Resources and Guidon Operating in 2020 for a combined $3.2 billion, including debt, at a time when a pandemic-driven fallout in commodity prices spurred a wave of consolidation. The FireBird deal, for 5.86 million Diamondback shares and $775 million in cash, was expected to close in the fourth quarter of 2022, according to the company."With over 350 locations adjacent to our current Midland Basin position, this asset adds more than a decade of inventory at our anticipated development pace," Diamondback Chief Executive Officer Travis Stice said. The deal will be accretive on all relevant 2023 and 2024 financial metrics, Diamondback said.

• eBay Inc: Two former online retailer security employees were sentenced to prison and home confinement on Tuesday for their roles in a cyberstalking campaign that targeted a Massachusetts couple whose online newsletter was viewed as critical of the e-commerce company. Stephanie Popp, 34, was sentenced to one year in prison while Stephanie Stockwell, 28, was ordered to serve a year of home confinement for participating in an extensive campaign in 2019 that involved sending the couple cockroaches, fly larvae and a bloody Halloween pig mask. They were sentenced by U.S. District Judge William Young in Boston after pleading guilty in 2020 to cyberstalking-related charges and admitting they facilitated a scheme to intimidate the couple while at the Silicon Valley e-commerce company. They are among seven former eBay workers who have admitted wrongdoing over a scheme that targeted David and Ina Steiner, a married couple in Natick, Massachusetts, who produce the newsletter EcommerceBytes. Prosecutors said senior executives, including then-Chief Executive Officer Devin Wenig deemed the newsletter critical of eBay, in mid-2019, and a senior member of its security team, Jim Baugh, implemented a plan to harass and intimidate them.

• Exxon Mobil Corp: The French government started ordering some staff at an Exxon fuel depot back to work, battling to secure petrol supplies following weeks-long strikes but risking a wider conflict with trade unions. The government said it was requisitioning some staff at the Gravenchon-Port Jerome depot run by Exxon's Esso France business, where the hardline CGT union remains on strike despite an agreement between management and other unions over pay. The CGT has called for support from workers in other sectors and there were signs of that happening after a representative of the FNME union said some staff at EDF's nuclear plants had resumed a strike over wages, delaying maintenance work on at least five reactors, including the Bugey facility. "In view of a strike by part of the Port-Jerome staff, in Normandy, the government launches the requisition of staff necessary to operate the depot. The requisition is starting today," the energy ministry said. The CGT said it would challenge the requisition notifications in court once it had received them.

• General Motors Co: The carmaker said on Tuesday it will invest up to $69 million and take an equity stake in Queensland Pacific Metals to secure a new source of nickel and cobalt for battery cells for use in the U.S. automaker's vehicles. GM said the investment will help support electric-vehicle eligibility for consumer incentives under new, clean energy U.S. tax credits. GM said the nickel laterite ore is expected to be processed using a new, proprietary process that helps reduce waste. Under a law passed in August, automakers must source battery minerals from countries with free trade agreements in order to qualify for the U.S. consumer EV tax credits. The GM investment is to assist in the development of its proposed Townsville Energy Chemicals Hub (TECH) Project in Northern Australia. High-grade nickel laterite ore will be imported from nearby New Caledonia, GM said. GM already has binding agreements securing all battery raw material supporting its goal of 1 million units of annual capacity in North America by the end of 2025.

• Intel Corp: The chipmaker is planning a major reduction in headcount, likely numbering in the thousands, in the face of a slowdown in the personal computer market, Bloomberg News reported on Tuesday, citing people with knowledge of the situation. The layoffs will be announced as early as this month and some of Intel's divisions, including the sales and marketing group, could see cuts affecting about 20% of staff, according to the report. The company had 113,700 employees as of July, Bloomberg News said. The company in July slashed its annual sales and profit forecasts after missing estimates for second-quarter results. Decades-high inflation and the reopening of offices and schools have led people to spend less on PCs than they did during pandemic-related lockdowns. Chipmakers are also under pressure from COVID-19 curbs in key PC market China and the Ukraine conflict that have led to supply-chain snarls and also weighed on demand. Intel's Chief Executive Officer Pat Gelsinger released a memo to company employees on Tuesday outlining plans to create an internal foundry model for external customers and the company's product lines.

• Intercontinental Exchange Inc: Grayscale Investments said in a court filing Tuesday that the U.S. Securities and Exchange Commission set the bar too high for spot bitcoin exchange-traded funds, which have so far not been approved for listing on U.S. exchanges. Grayscale sued the regulator in June, after the SEC denied its bid to convert its Grayscale Bitcoin Trust, the world's largest bitcoin fund, into an ETF for listing on Intercontinental Exchange Inc's NYSE Arca exchange. The regulator had said that the proposal did not meet standards designed to prevent fraudulent practices and protect investors. The SEC has rejected over a dozen spot bitcoin ETF applications, and approved several bitcoin futures-based ETFs. The rejections have focused on applicants' lack of surveillance-sharing agreements with regulated markets relating to the spot funds' underlying assets. Such agreements entail sharing trade data and other information to allow the exchange to detect manipulation. Grayscale argued in the court filing that the SEC had not applied its standards evenly to spot bitcoin ETFs and bitcoin futures-based ETFs, even though both types of funds are both fundamentally tied to the price of bitcoin.

• Lyft Inc & Uber Technologies Inc: Business groups will almost certainly file lawsuits in an attempt to delay or derail a rule proposed by the Biden administration on Tuesday that would limit companies' use of independent contractors, experts said. The proposal by the U.S. Department of Labor prompted immediate criticism from groups representing an array of industries and caused stocks of companies that rely on gig workers, such as Uber and Lyft, to tumble because of expectations that it will sharply raise their labor costs. Business groups will lobby for changes to the proposal before it is finalized in the coming months but ultimately will likely have to make their case in court that the rule is invalid, legal experts said. "There's going to be years of litigation over this," said Michael Lotito, a San Francisco-based lawyer who represents employers and business groups. "This has Supreme Court written all over it." The proposal says when workers are "economically dependent" on a company, they should be classified as employees entitled to the minimum wage, overtime pay and other legal protections, and not independent contractors.

• Microsoft Corp: Mercedes-Benz and Microsoft announced a partnership using Microsoft Cloud for a data platform intended to improve production efficiency at over 30 passenger car plants globally, the carmaker said. The data platform, called MO360, is already available in Europe, the Middle East and Africa and will also be launched in the United States and China, the statement said. The aim is to gather data from across the production process from components to logistics to the assembly line to create a virtual replica that allows teams to identify potential supply chain bottlenecks more quickly. The collaboration should lead to a 20% increase in vehicle production efficiency by 2025 from 2022 levels, the statement added.

• Peabody Energy Corp: Australian coal miner Coronado Global confirmed it was in confidential discussions with the energy company regarding a potential "combination transaction". The Australian, citing sources, reported on Tuesday that discussions were happening in New York, but said there was no clarity on the nature of these talks. As of Tuesday's close, Coronado had a market capitalization of A$3.26 billion, while U.S.-based Peabody was valued at $3.80 billion. Stocks of both coal miners have sharply rallied this year, as customers from Europe to Asia scramble for alternative sources of fuel in the aftermath of the European Union's sanctions on gas-rich Russia. Coronado, which owns coal mining facilities in Virginia and West Virginia state, said no agreement had been reached with Peabody and it did not divulge any details on a potential deal.

• Toyota Motor Corp: The carmaker said it had begun assembling cars at a new plant in Myanmar that was put on hold for more than 19 months after a military coup and during the coronavirus pandemic. The Japanese automaker said the plant, which is opening even as other companies have pulled out of the country, had begun to assemble one or two Hilux trucks per day, working from parts kits shipped to Myanmar in September. Japanese companies and other multinationals have faced pressure to pull out of investments in Myanmar that are perceived to benefit the military. "We believe this meets our initial intention to contribute to the industrial development of Myanmar ... and to support our employees and their families' lives," Toyota said in a statement. "Under these circumstances, we are continuously making every effort to comply with all relevant laws and regulations." The plant had originally been due to open in February 2021, the same month that the military seized power to stop former leader Aung San Suu Kyi's National League for Democracy forming a new government.

• Twitter Inc: The social media platform is reviewing its policies around permanently banning users, possibly bringing its content moderation in line with Elon Musk's vision for the social media platform, the Financial Times reported. Twitter has been exploring if there are other content moderation tools that could replace a ban, its harshest penalty for violating rules, the newspaper said, citing multiple people familiar with the situation. Back in May, shortly after inking a $44 billion deal to buy Twitter, Musk had pledged changes to the social media platform's content moderation practices. Musk, who calls himself a free speech absolutist, had also said he would reverse Twitter's ban on former U.S. President Donald Trump. However, the FT report said any policy change would be unlikely to pave the way for Trump's return to the platform since Twitter is not considering reversing bans issued for breaching its policy against inciting violence. Employees are looking at areas where they feel Twitter may have banned users for lesser offences, such as sharing misleading information, the report added.

• Universal Insurance Holdings Inc: The Florida-based company on Tuesday forecast a gross loss of nearly $1 billion from Hurricane Ian, some of which will be covered by its reinsurance program. "To date, we've received approximately 18,000 claims, roughly half the number of Hurricane Irma claims received at this point," the company said in a statement. According to U.S. property data and analytics company CoreLogic, insurers are bracing for what could be the costliest Florida storm since Hurricane Andrew in 1992, with impact estimated to be between $28 billion and $47 billion. "Hurricane Ian will forever change the real estate industry and city infrastructure. Insurers will go into bankruptcy, homeowners will be forced into delinquency and insurance will become less accessible in regions like Florida," said Tom Larsen, associate vice president, Hazard & Risk Management, CoreLogic.

• Walt Disney Co: The company announced on Tuesday it will be pushing back the release dates for numerous upcoming Marvel films including, "Blade," "Fantastic Four" and "Avengers: Secret Wars." Following "Blade" director Bassam Tariq's departure from the project in September due to scheduling conflicts, Marvel has decided to temporarily shut down production of the film to search for a new director. "Blade" is now slated to premiere on Sept. 6, 2024 instead of Nov. 3, 2023, which has impacted the rest of the studios' production scheduling. "Deadpool 3" has moved from Sept. 6, 2024 to Nov. 8, 2024; "Fantastic Four" has been shifted from Nov. 8, 2024 to Feb. 14, 2025; an untitled Marvel project was moved from Feb. 14, 2025 to Nov. 7, 2025; "Avengers: Secret Wars" has been pushed from Nov. 7, 2025 to May 1, 2026; and an untitled Marvel movie went from May 1, 2026 to no longer being on Disney's release schedule. A source familiar with the studio's plans told Reuters that Marvel is using the "Blade" production break to find a replacement for Tariq to work with "Moon Knight" writer Beau DeMayo, who's the main screenwriter for "Blade.”


PREVIEW
Economic worries loom over U.S. airline earnings
U.S. carriers including American Airlines and United Airlines are enjoying the strongest consumer demand in three years, but analysts and investors question how soon the good times might end as the growing risk of economic recession sparks worries about travel spending.


ANALYSTS' RECOMMENDATION
• Abbott Laboratories: Jefferies initiates coverage with hold rating and a target price of $110, citing the company’s strong diversified model, strong execution, and long-term growth platforms that should benefit from several new product introductions.

• Beyond Meat Inc: Canaccord Genuity cuts target price to $15 from $22, believing soft demand and significant competitor gains in U.S. retail are materially constraining the company’s growth.

• Boeing Co: Credit Suisse initiates coverage with underperform rating and a target price of $98, citing factors that include their zero-sum thesis that rests on the notion that Aerospace and Defense is in a zero-sum game with itself, negative order outlook and estimates that are materially below Street expectations.

• Eli Lilly and Co: JPMorgan raises target price to $380 from $355, ahead of the company’s third-quarter earnings saying that despite high expectations, they see the company positioned to consistently beat and their 2023+ sales and EPS estimates remain well ahead of the Street based on Mounjaro and Verzenio forecasts.

• ForgeRock Inc: BTIG cuts rating to neutral from buy, following the announcement that the company has entered into a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction valuing ForgeRock at approximately $2.3 billion.


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
0830 PPI Machine Manufacturing for Sept: Prior 169.1
0830 PPI final demand yy for Sept: Expected 8.4%; Prior 8.7%
0830 PPI final demand mm for Sept: Expected 0.2%; Prior -0.1%
0830 PPI ex-food/energy yy for Sept: Expected 7.3%; Prior 7.3%
0830 PPI ex-food/energy mm for Sept: Expected 0.3%; Prior 0.4%
0830 PPI ex-food/energy/transport yy for Sept: Prior 5.6%
0830 PPI ex-food/energy/transport mm for Sept: Prior 0.2%
1200 Refinitiv IPSOS PCSI for Oct: Prior 50.91


CORPORATE EVENTS (All timings in U.S. Eastern Time)
0815 PepsiCo Inc: Q3 earnings conference call
1700 Duck Creek Technologies Inc: Q4 earnings conference call


EX-DIVIDENDS
Ardagh Metal Packaging SA: Amount $0.10
Global Net Lease Inc: Amount $0.40
Kadant Inc: Amount $0.26
Lennar Corp: Amount $0.37

Goedemorgen,

Opnieuw een moeilijke sessie op Wall Street met verlies bij de Nasdaq, de Nasdaq 100, de SOX en de S&P 500, de eerste 3 zetten op slotbasis een nieuwe bodem neer terwijl de S&P 500 rond de bodem ofwel de laagste stand van het jaar sluit. De Dow Jones kon nog net positief sluiten en blijft zo nog boven de bodemzone van eind september. In Europa verloor de AEX opnieuw bijna 5 punten met een slot op 636,3 punten terwijl de DAX 52 punten verloor met een slot op 12.220 punten. Verder zien we de 10-jaars rente nog altijd dicht bij de 4% uitkomen, de Brent olie staat vanmorgen rond de 94,75 dollar terwijl de euro met 0,973 dollar zwak blijft. Via de futures zien we wel herstel op Wall Street want alles staat rond de 0,6 a 1% hoger. Let op de inflatiecijfers vanmiddag, als die meevallen dan kan er een stevige rally op gang komen vanaf de bodems.

Om mee te doen met onze signalen kunt u nu gebruik maken van de nieuwe aanbieding voor nieuwe leden tot 1 december, dan kunt u in ieder geval kennis maken met onze signaaldiensten via de Tradershop ... Let op, er loopt nu een nieuwe aanbieding tot 1 DECEMBER voor €35 ...

Update woensdag 12 oktober:
De indices op Wall Street zitten allemaal nog in een Bear Market ofwel ze staan nog altijd ruim 20% onder hun top. De markt blijft enorm zwak en het duurt nu toch al een tijdje, we weten waardoor het komt en veel verandering zal er op de korte termijn niet komen. De inflatie blijft hoog, de oorlog gaat verder, de vrees voor een recessie blijft en beleggers geraken het vertrouwen kwijt. Daar zit nu juist het momentum want men wacht op een mooi positief bericht om de markten weer in een rally te brengen. Daarom wordt de beweging van na 14:30 zeer belangrijk wanneer de inflatiecijfers naar buiten komen. Zijn die beter dan verwacht, of zoals verwacht, dan is de kans groot dat de indices een stevige rally kunnen inzetten die 2 tot 3 uur kan duren.

Verder blijft natuurlijk dee vraag is of er een recessie komt, de kans is groot maar gisteren gaf Biden (de president) aan dat die er niet komt. Een beetje een 2-strijdt dit want economen en vooral het IMF zijn er wel van overtuigd. De andere vraag is hoe lang die zal duren en hoe krachtig die is? Toch moeten we nu aannemen dat er een positieve reactie kan komen vandaag, zal de 2e "Bear Market Rally" vandaag op gang komen? We wachten af en dat strategisch met wat kleine posities. In de loop van de sessie zien we wel wat er gedaan moet worden.

Wat betreft de inflatiecijfers krijgen we vandaag de PPI en morgen (donderdag) de CPI die nog belangrijker zijn. Dat zal zeker invloed hebben op het rentebeleid van de FED want als de inflatie hoog blijft dan zal de FED ongetwijfeld de rente met nog eens een reuzenstap van 0,75% verhogen.

Verder maken beleggers zich op voor de eerste golf van kwartaalcijfers, vandaag komt PepsiCo met cijfers maar let vooral op vrijdag wanneer enkele grote boeken met hun cijfers komen. Denk dan aan JPMorgan Chase, Wells Fargo en Morgan Stanley.

De 10-jaars rente in de VS zien we nog altijd rond de 4% vanmorgen, na de terugval eerder deze maand tot rond de 3,5% staan we opnieuw rond de hoogste stand van het jaar. De Brent olie zakt nog wat verder terug en staat vanmorgen rond de 94-94,5 dollar, nog steeds aan de hoge kant maar een terugval richting de 90 dollar zit er de komende periode wel in.

De Dow Jones kon dinsdag 36 punten (0,12%) hoger sluiten na een volatiele sessie, de Dow Jones stond even op ruim 300 punten winst maar moest alles weer inleveren later op de avond. De S&P 500 verloor opnieuw 23,5 punten (-0,65%) met een slot op 3589 punten. Verder verloor de Nasdaq 116 punten (-1,1%) terwijl de Nasdaq 100 de sessie met 135 punten verlies afsloot (-1,25%). De SOX index verloor opnieuw fors met 2,5% terwijl de Dow Transport net als maandag wat winst kon boeken, de index sluit 4 punten (0,03%) hoger.

In Europa zien we een verlies van 4,9 punten (-0,75%) bij de AEX index met een slot op 636,3 punten, de DAX sluit de sessie deze keer ook lager maar het verlies blijft al een paar dagen beperkt. De DAX sluit 52 punten (-0,43%) lager op 12.220 punten. Verder zien we dat de Franse CAC 40 index 0,13% lager sluit, de BEL 20 index verloor 18 punten (-0,55%).

Wie mijn analyses en updates volgt weet dat ik voorzichtig blijf in deze markt, het maximale pakken is onmogelijk dus we moeten al blij zijn als we zo vaak mogelijk wat mee kunnen pakken. We zitten nu ook weer heel voorzichtig in de markt met wat posities, lage aantallen en met 2 indices. Bij Guy Trading en COMBI-Trading zit er nog een aandeel en de olie bij. Het zijn posities om voorzichtig te anticiperen op een contra beweging voor de komende dagen want na het testen van de bodem kan de markt weer even opveren.

Signaaldiensten:
We blijven voorzichtig handelen waar dat kan, de maand oktober werd goed opgestart met een mooie winst tot nu toe. We blijven zoeken naar nieuwe mogelijkheden en kiezen dan vooral de bekende indices en bij Guy Trading samen met COMBI-Trading ook wat bekende aandelen en de Brent olie. We handelen ook nog steeds met kleine posities omdat de markt te volatiel blijft. Dat lukt zo prima dit jaar in deze moeilijke markt.

Meedoen met onze signalen kan nu via de nieuwe aanbieding die loopt tot 1 DECEMBER 2022. Schrijf u nu snel in voor €35 via de Tradershop en kies uw abonnement via de link https://www.usmarkets.nl/tradershop

Marktoverzicht:
De indices op Wall Street willen nog niet loskomen van hun bodem na toch weer een poging, de Dow Jones kon net in de plus (0,12%) sluiten maar de S&P 500 verloor opnieuw 0,65% terwijl de Nasdaq 1,1% lager sluit. De SOX index verloor 2,5% en sinds vrijdag staat deze index nu al zo'n 12,5% lager. Een nieuwe Bear Market Rally ligt dus weer op de loer, opletten dus voor de beweging de komende dagen.

In Europa was er opnieuw verlies voor de AEX index, de AEX verloor bijna 5 punten met een slot op 636,3 punten wat nog net boven de bodem is. De DAX verloor dinsdag 52 punten met een slot op 12.220 punten, de index blijft wel nog ruim boven de 12.000 punten.

Dow Jones:
De Dow Jones sluit de sessie met 36 punten (0,12%) hoger af op 29.239 punten en blijft zo nog ruim onder de 30.000 punten die ik als belangrijk zie als weerstand. De markt blijft in een lastige fase maar het ziet er naar uit dat er een nieuwe "Bear Market Rally" op komst is na enkele moeilijke dagen. Door dat de Dow Jones nu onder de 29.500 punten uitkomt ligt de weg open richting eerst de 29.000 en later de 28.500 punten waar de bodemzone wacht.

Weerstand nu eerst rond de 29.500 punten, later zien we vooral weer die 30.000 punten als richtpunt met daarboven de volgende weerstand rond de 30.300 en de 30.500 punten.

AEX index:
De AEX verloor 4,9 punten (-0,75%) dinsdag met een slot op 636,3 punten, de index blijft zo ruim onder de 650 punten steun ligt de weg open richting de bodemzone 627-630 punten, we bekijken nu vooral de komende sessies wat de AEX gaat doen. Veel zal vooral afhangen van wat Wall Street gaat doen de komende sessies.

Weerstand nu eerst de 650 punten met later de 665 en daarboven de 675 punten. Later weerstand rond de 680 en de 690 punten.

DAX index:
De DAX sluit met een klein verlies van 52 punten (-0,43%) de sessie af op 12.273 punten en dat is nog altijd boven de belangrijke 12.000 punten. De DAX lijkt nu een afwachtende houding aan te nemen en staat klaar om mee omhoog te bewegen als de markt weer een herstel inzet van pakweg 2 a 3 dagen. Steun nu eerst de 12.175-12.200 punten, later steun rond de 12.000 en de 11.850-11.900 punten waar we de bodem zien uitkomen.

Weerstand nu eerst de 12.400 punten, later rond de 12.600 en de 12.700 punten weerstand. Verder de 12.800 en de 13.000 punten als weerstand voor de DAX.

Nasdaq Composite:
De Nasdaq verloor dinsdag opnieuw 116 punten (-1,1%) na een volatiele sessie met een slot op 10.426 punten. Na de stevige rally van begin vorige week staat de index nu weer op de laagste stand van het jaar, de index zet op 10.350 punten zelfs een nieuwe bodem neer. Na het herstel via de rally tot rond de 11.200-11.250 punten begin vorige week zien we dat de Bear Market Rally weer helemaal werd teniet gedaan, de index staat nu zo'n 8% onder de top van vorige week woensdag en donderdag. Dat het snel blijft gaan weten we, de markten blijven dit jaar enorm volatiel.

Steun nu rond de bodem van dinsdag die we rond de 10.350 punten zien uitkomen, later komt de 10.250 punten in beeld als steun. Verder letten we op de 10.000 en de 9850 punten als steun. Weerstand nu eerst rond de 10.500-10.550 en de 10.750 punten, later de 11.000 en de top van vorige week rond de 11.230 punten. Vooral deze index in de gaten houden voor een forse rally vanaf nu.

Overzicht resultaten deze maand september en dit jaar (2022):

De signaaldiensten:
Voorzichtig hebben we deze week wat kleine posities kunnen opnemen rondom de bodem, we blijven rustig handelen en werken met kleinere aantallen (kleine posities) door de volatiliteit. Door die volatiliteit kunnen we ook mooie resultaten behalen met minder risico, met kleinere posities zijn eventuele verliezen kleiner mocht de markt de alsnog andere richting opgaan.

Meedoen met onze signalen kan nu via de aanbieding die loopt tot 1 DECEMBER 2022 en dan voor €35. Ga snel naar onze Tradershop en kies daar uw abonnement via de link https://www.usmarkets.nl/tradershop dan staat u vandaag nog op de lijst en ziet u alle details over de posities die eventueel open staan.

Met vriendelijke groet,
Guy Boscart