07/16 Closing Prices / revised 07/17/2024 08:15 GMT |          07/16 OPEC Basket  $84.44   -$0.87 cents 07/16 Mexico Basket (MME) $74.97   -$1.06 cents  | 06/31 Venezuela Basket (Merey)  $69 23   -$1.22 cents| 07/16 NYMEX WTI  August CLQ24  $80.76 -$1.15 cents  | 07/16 ICE Brent Sept  BRNU24 $83.73 -$1.12 cents  | 07/16 NYMEX Gasoline Aug RBQ24 $2.48 -0.6 %  |  07/16 NYMEX  Heating Oil  Aug  RBQ 24   $2.47  -1.8% | 07/16 Natural Gas August NGQ 24    $2.19 +1.4%  | 07/12 Active U.S. Rig Count (Oil & Gas)    584  -1  | 07/17 USD/MXN Mexican Peso   17.6789 (data live)  | 07/17 EUR/USD   1.0910 (data live)  | 07/17 US/Bs. (Bolivar)   $36.5060000 (data BCV)

Positive Cash Flow (September 3, 2023) – Raul Torrealba Ramos

  • Week 38 in 2023, Report on ideas on how to make positive cash flow.
US Dollars (Forbes)

Market Report

1.- Macroeconomic Environment:

Making Cash Flow Positive
Update of relevant financial information . We include Crypto Bitcoin.

Last Week:

Showed these indicators:

GDP was released at 2.1, slightly lower than expected 2.4.

https://www.visualcapitalist.com/u-s-share-of-global-economy-over-time

Friday’s unemployment rate came in at 3.8 , while 3.5 was expected. The average hourly pay rate fell to 4.3, while 4.4 was expected.
Loretta Mester, Governor of the Cleveland Ohio Fed, remarked that inflation remains elevated, and that they will continue to raise interest rates, if necessar


Natural Gas inventories doubled in late summer.

Liquidity levels were at their usual average.

Next Week

Susan Collins , Maine Senator, economic expert and member of several Fed watchdog committees, will speak on Wednesday at 8:30 am.
Productivity and costs will be discussed on Thursday.

2 Micro

The major companies that make up the SP500 showed strength.

3 Building a long-term portfolio

The two energy-focused Funds had crossover performance:

ttps://finance.yahoo.com/quote/SCO?p=SCO&.tsrc=fin-srch

The ProShares UltraShort Bloomberg Bloomberg Crude Oil, SCO, which works with crude oil futures contracts, lost -$1.84 or -9.37% in a week.
Meanwhile, the United States Oil Fund USO, which, in addition to crude oil futures, holds futures on natural gas, diesel and gasoline, rose +3.91 or +5.35% for the week.

4 Execution of an algorithm or method to generate cash flow on a long term portfolio or with money in the account.

Our favorite strategy.

We observed good entry signals in the Magnificent 7, AAPL, TSLA, MSFT, GOOGL, NVDA, AMZN and META, with the exception of TSLA, most were planned entries to the downside.

https://www.tradingview.com/symbols/NASDAQ-AAPL

5 Analysis of previous week’s forecast results

Continued inflows of new liquidity, stable to solid market.

6 Forecast for next week:

Wait for DATA MACRO , we observe strength in prices although for the week above , the CPI consumer price index release is expected, there we expect to see adjustments in prices.

Weekly performance of the US $ 1,000 challenge to compare between:

USO energy investments +5.35%.
Investments in technologies META, NVDA META +1.5% NVDA + 6.6%.
Investments in financials BOFA, GS BAC +0.6% GS +0.49% Investments in Global ETFs SFA, GS BAC +0.49% Investments in ETFs
Investments in Global ETFs SPY, QQQ SPY +1.96% QQQ +3.09%
Investments in Gold GLD GLD +1.17%

We have added the cryptocurrency BITCOIN , BIT -5.83% to our list.

https://finance.yahoo.com/quote/BTC-USD?p=BTC-USD

For inquiries about our Algo daily posts, please write to : editor@petroleumworld.com

NOTE: We do not recommend investments, we only give our opinions.

For special courses or investment management contact : editor@petroleumworld.com

___________________________

Raul Torrealba Ramos, B.A. in Administration and Accounting, Universidad Católica Andrés Bello, Caracas; Lawyer, Universidad Metropolitana, Caracas, is an experienced financial analyst since 1990. The views expressed are not necessarily those of EnergiesNet.

Editor’s note: This article is published as an opinion and is not recommended for investment. All comments submitted and posted on EnergiesNet do not reflect either for or against the opinion expressed and is not an endorsement by EnergiesNet or Petroleumworld.

EnergiesNet.com 03 09 2023

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