U.S. Stocks
Fundamental Analysis:
U.S. stocks closed slightly higher on Tuesday, 20th December 2022 after falling in all four sessions, but investors remained worried about weak holiday shopping and pressure from climbing bond yields after the Bank of Japan unexpectedly adjusted its monetary policy.
Since the Federal Reserve held a policy meeting last week, concerns about the Fed’s plans to continue to raise interest rates have put pressure on stocks.
Among the 11 major sectors in the S&P 500, the energy stocks index rose the most, closing 1.52% higher, as crude oil prices rose.
Among the four sectors that fell, the non-essential consumer goods sector was the weakest performer, closing down 1.13%. FedEx closed down 2.6% ahead of its quarterly report.
But the express company’s shares shook up 3% in after-hours trading after it released its fiscal second-quarter report and guidance for 2023. The company had cut its financial forecast back in September, sending shockwaves throughout the market.
U.S. single-family home construction fell to a two-and-a-half-year low in November and future building permits also plunged, data released Tuesday showed, as rising mortgage rates continued to weigh on housing market activity.
General Mills shares fell 4.6% as quarterly sales in its high-margin pet business took a hit as major retailers cut inventories, overshadowing the impact of higher full-year earnings and sales expectations.
Tesla shares plunged 8% after at least three brokerages cut their price targets for the electric car maker on growing concerns about weak demand and risks from CEO Musk’s struggles on Twitter.
Technical Analysis:
(Dow 30, 1-hour chart)
Execution Insight:
The Dow pays attention to the 32975-line today. If the Dow runs stably above the 32975-line, then pay attention to the suppression strength of the 33233 and 33390 positions.
Hong Kong Stocks
Fundamental Analysis:
The three major indices of Hong Kong stocks closed up collectively at noon, with the Hang Seng Index (HSI) up 0.09%, the Hang Seng China Enterprises Index (HSCEI) up 0.12% and the Hang Seng TECH Index (HSTECH) up 0.28%.
The half-day net southbound capital inflow was HK$1.263 billion, the market turnover was HK$38.6 billion.
On the market, large technology stocks fell collectively, Bilibili Inc. (9626.HK) rose nearly 4%, Alibaba Group Holding Limited (9988.HK), NetEase, Inc. (9999.HK), Tencent Holdings Limited (0700.HK) were up, Meituan (3690.HK) fell 1%.
LME nickel, LME copper, LME tin, New Gold collectively closed up, driving the collective rise in non-ferrous metal stocks.
Hong Kong will lift the catering banquet restriction from tomorrow, catering stocks collectively up.
Nike last quarter earnings beat expectations after the bell, sporting goods stocks rose generally.
Many treasury yields rose, Hong Kong banking stocks partly stronger, and education stocks continued yesterday’s gains.
Meanwhile, tourism stocks, handicap stocks, cloud computing stocks, anti-epidemic concept stocks, domestic insurance stocks and other stocks rose.
Technical Analysis:
(HK50, 1-hour chart)
Execution Insight:
HK50 pays attention to the 18606-line today. If HK50 can run stably above the 18606-line, then pay attention to the suppression strength of the two positions of 19517 and 20467.
FTSE China A50 Index
Technical Analysis:
(FTSE China A50, 1-hour chart)
Execution Insight:
FTSE China A50 pays attention to the 12900-line today. If A50 runs stably below the 12900-line, then pay attention to the support strength of the two positions of 12659 and 12273. If A50 runs above the 12900-line, it will open up further upside space.
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