The elected president of Venezuela Edmundo González Urrutia had to flee to Spain and is currently in exile in that country after the regime issued an arrest warrant against him for subversion. González Urrutia obtained 67% of the votes in the election day of July 28, against 30% for Nicolás Maduro with 83.5% of the votes verified with published tally sheets, winning in all states (source: resultadosconvzla.com). We reject the arrest warrant, and the fraud intended by the National Electoral Council – CNE of Venezuela, proclaiming Nicolás Maduro as president-elect for a new presidential term and its ratification by the Supreme Court of Justice-TSJ, both without showing the voting minutes or any other support.  EnergiesNet ” Latin America & Caribbean web portal with news and information on Energy, Oil, Gas, Renewables, Engineering, Technology, and Environment.– Contact : Elio Ohep, editor at  EnergiesNet@gmail.com +584142763041-   The elected president of Venezuela Edmundo González Urrutia had to flee to Spain and is currently in exile in that country after the regime issued an arrest warrant against him for subversion. González Urrutia obtained 67% of the votes in the election day of July 28, against 30% for Nicolás Maduro with 83.5% of the votes verified with published tally sheets, winning in all states (source: resultadosconvzla.com). We reject the arrest warrant, and the fraud intended by the National Electoral Council – CNE of Venezuela, proclaiming Nicolás Maduro as president-elect for a new presidential term and its ratification by the Supreme Court of Justice-TSJ, both without showing the voting minutes or any other support.
10/07 Closing Prices  / revised 10/08/2024 08:57 GMT | 10/07   OPEC Basket $78.50 +$0.84 cents | 10/07    Mexico Basket (MME)  $71.94 +$2.61 cents 08/31 Venezuela Basket (Merey)  $62 15   +$1.66 cents 10/07 NYMEX Light Sweet Crude $77.14 +$2.76cents | 10/07 ICE Brent Sept $80.93 +$2.88 cents | 10/07 Gasoline RBOB NYC Harbor $2.1538 +0.0580 cents | 10/07 Heating oil NY Harbor  $2.3962 +0.0835 cents| 10/07 NYMEX Natural Gas $2.746 -0.108 cents| 10/04 Active U.S. Rig Count (Oil & Gacs) 585 -2 | 10/08 USD/MXN Mexican Peso 19.3203 (data live) 10/08 EUR/USD  1.0991 (data live) | 10/08 US/Bs. (Bolivar)  $37.03970000 (data BCV) | Source: WTRG/MSN/Bloomberg/MarketWatch

+Positive Cash Flow Report (October 29, 2023) – Raul Torrealba Ramos

Week 44 of 2023, Report on ideas for positive cash flow (Dollars/Forbes).
Week 44 of 2023, Report on ideas for positive cash flow (Dollars/Forbes).

Update of material financial information
October 29, 2023

Market Report

1 Macroeconomic Environment:

Past Week:

These indicators were shown:

https://corporatefinanceinstitute.com/resources/equities/bear-market
https://corporatefinanceinstitute.com/resources/equities/bear-market
https://coinstats.app/fear-and-greed/
https://coinstats.app/fear-and-greed/
https://coinstats.app/fear-and-greed/
https://coinstats.app/fear-and-greed/

The Bear continues to dominate the Wall Street Bull.

Fear continues to take center stage.

Although U.S. economic growth is solid, as this week’s Bureau of economics data showed, markets remain sluggish and fearful ahead of news from the Middle East, Ukraine and China.

Stocks gave good gains but projections for the next quarter were not as good.

Today, Sunday, Israel entered Gaza with ground troops. We will continue to watch.

Next Week

Employment statistics, manufacturing and the expected early November Fed meeting are on the horizon.

Given the economic and market conditions, as well as the geopolitical climate, interest rate hike projections are minimal.

CME FedWatch Tool

https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html

2 Micro:

The stock market, SP500 falling – 1.7%.

https://finance.yahoo.com/quote/%5EGSPC?p=%5EGSPC

It broke the 4200 support and is at 4117. Next support at 4000.

3 Building a long-term portfolio

The two Funds concentrated in energy with less volatility, this week the energy markets saw no major threats to previous weeks and moved like this:

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

The ProShares UltraShort Bloomberg Bloomberg Crude Oil, SCO, which works with short crude oil futures contracts, lost -0.37% in a week.

Meanwhile, the United States Oil Fund USO, which contains not only crude oil futures, but also futures in natural gas, diesel and gasoline, also showed volatility and rose +1.79%.

There was no difference in arbitrage in the two funds during the week. Both in negative figures.

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.

The Magnificent 7, AAPL, TSLA, MSFT, GOOGL, NVDA, AMZN and META, in negative territory or with little price variation. GOOGL stands out with a more modest projection in its future revenues, due to the drop in advertising on its platforms.

https://finance.yahoo.com/quote/GOOGL?p=GOOGL&.tsrc=fin-srch

5 Analysis of last week’s forecast results.

We compared Gold, Oil, the 10 year bond and the SPY of the 500 stocks in the USA.

This week’s results were :

Gold : +1.49%.

OIL: -0.64%.

10 Year Bond: Unchanged

SPY: -1.76%.

We missed the Gold price prediction, however we were right on the price of oil and bonds as they were unchanged. As for the SPY, the influence of the Middle East conflict and the earnings projection affected our weekly forecast.

Weekly performance of our portfolio: -0.91%.

6 Forecast for next week:

We will again compare the yields of oil, Gold and the SPY, and the 10-year Bond.

Geopolitics will continue to set the tone this week, plus the FED meeting.

We emphasize that it is a very complicated time to project because of all the information that is coming in.

In our portfolio, we believe that bond yields will fall or remain slightly unchanged, as will gold and oil. Stocks will be especially affected by the Fed meeting next Wednesday and the earnings and guidance from AAPL, the largest market cap stock next Thursday 2.

Weekly performance of the US $ 1,000 challenge , 6 weeks:

Chart of our portfolio since inception 6 weeks ago.

Initial Value $1000

US $ 1.000 challenge

Venezuelan market

Price of the dollar vs Bs

BCV : Bs 35.09 +0.68%.

Unofficial : Bs 36.96 +0.43%.

Caracas Stock Exchange

Fixed Income:

OPERATIONS NOMINAL AMOUNT (BS.S) CASH AMOUNT (BS.)

7 9,445,332 9.443.321,1516

Variable Income:

OPERATIONS TRADED SECURITIES CASH AMOUNT (BS.)

150 10,200,093 3, 292,982,92

Up: 4

Down: 6

Equals: 12

_____________________________

For inquiries about our Algo daily entries, 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 29 10 2023

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