U.S. Stocks
Fundamental Analysis:
The recent remarks by many central bank officials reflect that the pace of policy tightening may be slowed down. But judging from the performance of recent U.S. economic data, it is still believed that the Federal Reserve may raise interest rates three times in total this year and will carry out quantitative tightening.
With this, the market is still seeing six to seven rate hikes over the next 12 months.
Meanwhile, the Russia-Ukraine conflict has reduced the risk of central banks slamming on the brakes to curb inflation.
Given that conflict is more likely to lead to higher prices, the Fed is likely to face less political pressure to rein in inflation. Plus, borrowing costs are bound to rise sharply, and a new wave of gains for the dollar seems inevitable.
Therefore, this may cause upward price pressure on the stock market, which is currently in a state of high and sideways volatility.
Technical Analysis:
(Dow 30, 1-hour chart)
Execution Insight:
The Dow focuses on the 33233-line today. If the Dow runs stably above the 33233-line, then pay attention to the suppression of the 34088 and 34477 positions. If the Dow breaks below the 33233-line, it will pay attention to the support strength of the 32781 and 32455 positions.
Hong Kong Stocks
Fundamental Analysis:
The three major indexes of Hong Kong stocks fell collectively. The Hang Seng Index (HSI) fell 2.62%, the Hang Seng China Enterprises Index (HSCEI) fell 2.65%, and the Hang Seng TECH Index (HSTECH) fell 3.92%.
Large technology stocks fell collectively, with JD.com, Inc. (9618.HK) falling by more than 8%, NetEase, Inc. (9999.HK) falling by 6.6%, while Baidu, Inc. (9888.HK, and Meituan (3690.HK) were down by more than 4%. At the same time, Tencent Holdings Limited (0700.HK), and Xiaomi Corporation (1810.HK) fell more than 3%.
On the other hand, alternative fuel stocks fell, with Li Auto Inc. (2015.HK) falling by more than 10%.
Biotechnology, and Hong Kong banking sectors were among the top falling stocks.
Meanwhile, international oil prices, and oil stocks, which have been strong recently, fell collectively. Coal, gold stocks, port and shipping stocks were individually strong.
Technical Analysis:
(HK50, 1-hour chart)
Execution Insight:
HK50 Index focuses on the 22785-line today. If HK50 can run stably above the 22785-line, then pay attention to the suppression strength of the two positions of 23294 and 23818. If the HK50 strength breaks below the 22785-line, then pay attention to the support of the 21450-line.
FTSE China A50 Index
Technical Analysis:
(FTSE China A50, 1-hour chart)
Execution Insight:
FTSE China A50 pays attention to the suppression strength of the 15184-line today. If the A50 runs stably below the 15184-line, then pay attention to the support strength of the two positions of 14669 and 13983. If the A50 strength breaks the 15184-line, it will open up further upward trend. At that time, pay attention to the suppressive strength at the 15666-line.
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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.
