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Ukrainian President Volodymyr Zelenskyy said on Sunday, ahead of a meeting with the U.S. peace envoy in Kyiv, that Ukraine wants an end to the war and needs security guarantees.September 6th - According to the emergency rescue command center for the "8.26" mudslide disaster in Gyirong County, Tibet Autonomous Region, as of 6 p.m. on September 5th, the disaster has resulted in 43 deaths and 519 missing persons.September 6th - Iranian Parliament Speaker Mohammad Ghalibaf stated in an open parliamentary session today (September 6th) that the recent attacks by Iranian armed forces on US bases "are just the beginning," and that the US should recognize that "the rules of the game have changed." Any future actions against Iranian interests and security will be met with a "faster, fiercer, and more painful" response.On September 6th, special commentator Su Xiaohui stated that Russia and Ukraines agreement to halt attacks on each others capitals for three days, ostensibly to technically ensure the safety of the US delegations trip, actually reflects the ongoing intense power struggle between the two sides. Both are trying to shift the pressure from the US onto their adversaries. Overall, with the Middle East deadlock unresolved, the USs current European diplomatic trip aims to demonstrate its continued diplomatic capability to advance major agendas. Ukraines earlier proposal to halt attacks on the Russian capital was essentially passing the buck to Russia, accusing Russia of undermining the negotiation process; Russias swift response, returning the buck, reflects that both Russia and Ukraine value the USs role, wanting to respond to US diplomatic considerations while simultaneously seeking US support for their own positions.On September 6, the foreign ministers of the Kingdom of Saudi Arabia, the Hashemite Kingdom of Jordan, the United Arab Emirates, the Republic of Indonesia, the Islamic Republic of Pakistan, the Republic of Turkey, the State of Qatar, and the Arab Republic of Egypt issued a joint statement strongly condemning the remarks made by Israeli National Security Minister Itamar Ben-Gwell and Israeli Defense Minister Israel Katz regarding the expulsion of the Palestinian people from the Gaza Strip, including proposals for plans and mechanisms aimed at forcibly removing Palestinians from their homes. Such inflammatory rhetoric and proposals blatantly violate principles of international law, including international humanitarian law, and pose a direct threat to the legitimate and inalienable rights of the Palestinian people. The Gaza Strip is an integral part of the occupied Palestinian territory, and the unity of the Palestinian land must be maintained.

S&P 500 (SPY) Rallies Amid A Global Market Rebound

Jimmy Khan

Oct 18, 2022 16:13

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Stocks Rise Following a Drop

As the UK's economic strategy was reversed, the S&P 500 increased in value. Previously, traders were concerned that the UK's spending plans would cause UK government bond rates to reach unacceptably high levels and trigger a larger financial crisis.


After UK finance minister Hunt indicated that plans for tax cuts were cancelled and that energy subsidies would be reduced, it should not come as a surprise that UK government bonds increased in value.


The global bond markets received strong support from the UK government bond rally, as Treasury rates deviated from recent highs. Treasury yields' decline was positive for stocks.


The current rise is widespread, and all market categories are rising. Among the top gainers in today's trading session are Tesla, Netflix, Amazon, NVIDIA, and Meta.


The bank stocks continued to rise from their annual lows as a result of Bank of America's good earnings report.


From a broad perspective, traders seem prepared to purchase the whole market. There seems to be a "critical mass" of market players who think that the S&P 500 is about to begin a significant uptrend and that the bottom was already reached at the 3500 level.

S&P 500 Examines 3675 as Resistance

Technically speaking, the S&P 500 recently tried to settle below the 3500 level, but it quickly gathered impetus to the upside and settled above the key support at 3585.


S&P 500 is now attempting to overcome resistance at 3675. The S&P 500 will advance toward the next resistance level, which is close to the 20 EMA at 3700, if this test is successful. The resistance at 3730 will be tested if a move over the 20 EMA occurs. If the S&P 500 moves beyond this point, it will go in the direction of the resistance at 3760.


The prior resistance level of 3640 will act as the S&P 500's first support level on the support side. A decline below 3640 will allow for a test of support at 3615. If the S&P 500 drops below support at 3615, it will move in the direction of support at 3585.

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