U.S. Stocks
Fundamental Analysis:
U.S. stocks entered a technical pullback on Tuesday, 22nd February 2022 as investors weighed the consequences of escalating tensions in Ukraine and sanctions against Russia announced by President Joe Biden.
The benchmark S&P 500 index fell for a third straight day, closing down by 1%. The index has now fallen by more than 10% from the record closing high touched in January.
Meanwhile, the S&P 11 major industry sectors fell across the board, led by the non-essential consumer goods and energy sectors. In addition, the Nasdaq 100 index fell 1%, and the Dow Jones fell by 1.4%.
Technical Analysis:
(Dow 30, 1-hour chart)
Execution Insight:
The Dow is focused on the suppression strength of the 33811-line today. If the Dow runs stably below the 33811-line, it will pay attention to the support strength of the 33390 and 32975 positions. If the Dow breaks above the 33811-line, it will pay attention to the suppression strength of the 34477-line.
Hong Kong Stocks
Fundamental Analysis:
Hong Kong stocks opened higher, with the Hang Seng Index (HSI) rising by 0.42%, the Hang Seng China Enterprises Index (HSCEI) rising by 0.4%, and the Hang Seng TECH Index (HSTECH) rising 0.16%.
Large technology stocks were mixed, with NetEase, Inc. (9999.HK) falling by more than 3%, Baidu, Inc. (9888.HK) falling by more than 2%, Alibaba Group Holding Limited (9988.HK) falling by more than 1%, and JD.com, Inc. (9618.HK) rising slightly.
Sporting goods stocks were individually strong, with Topsports International Holdings Limited (6110.HK) rising by more than 4%.
At the same time, biomedical stocks were collectively strong, with the release of China’s No. 1 Central Document for 2022. Plus, the agricultural stocks were strong, with First Tractor Company Limited (0038.HK) opened by 5% higher.
On the other hand, auto stocks fell ahead, with XPeng Inc. (9868.HK) falling by more than 4%, as beer stocks, photovoltaic stocks, power stocks, real estate stocks fell in general.
Property and financial stocks were the top gainers, with Longfor Group Holdings Limited (0960.HK) rising more than 3% to lead the HK blue chips stocks.
Technical Analysis:
(HK50, 1-hour chart)
Execution Insight:
HK50 Index focuses on the 23294-line today. If HK50 can run stably above the 23294-line, then pay attention to the suppression strength of the two positions of 23818 and 24469. If the HK50 strength breaks below the 23294-line, then pay attention to the support strength of the 22785-line.
FTSE China A50 Index
Technical Analysis:
(FTSE China A50, 1-hour chart)
Execution Insight:
FTSE China A50 is paying attention to the support strength of the 14669-line today. If the A50 runs stably above the 14669-line, the top will pay attention to the suppression strength of the two positions of 15184 and 15666. If the A50 strength breaks below the 14669-line, it will open up further downside trend. At that time, pay attention to 13983-line of support.
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Disclaimer
While every effort has been made to ensure the accuracy of the information in this document, DOO Prime does not warrant or guarantee the accuracy, completeness or reliability of this information. DOO Prime does not accept responsibility for any losses or damages arising directly or indirectly, from the use of this document. The material contained in this document is provided solely for general information and educational purposes and is not and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, securities, futures, options, bonds or any other relevant financial instruments or investments. Nothing in this document should be taken as making any recommendations or providing any investment or other advice with respect to the purchase, sale or other disposition of financial instruments, any related products or any other products, securities or investments. Trading involves risk and you are advised to exercise caution in relation to the report. Before making any investment decision, prospective investors should seek advice from their own financial advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.
