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Piper Jaffray: Lowered its target price for Oracle (ORCL.N) from $240 to $210.March 11 - According to the official WeChat account of China Railway, from January to February this year, the national railway completed 72.2 billion yuan in fixed asset investment, a year-on-year increase of 5.4%. Railway construction is progressing with high quality and efficiency, injecting new momentum into regional economic and social development.March 11th - Today (March 11th) marks the 38th day of the Spring Festival travel rush. According to the Ministry of Transport, as of today, the total number of cross-regional passenger trips across society is expected to exceed 9 billion.The Hang Seng Tech Index rose to 1%, while the Hang Seng Index is currently up 0.47%.March 11 - Shipping data released on Tuesday suggests that Saudi Arabias oil shipments via the Red Sea are on track to reach a record high in March, though still far below the decline in oil flow through the Strait of Hormuz. Data from the London Financial Exchange Group shows that Yanbu Ports average loading volume for the first nine days of March reached 2.2 million barrels per day, up from nearly 2 million barrels per day last week and 1.1 million barrels per day in February. Before the closure of the Strait of Hormuz, Saudi Arabia exported approximately 6 million barrels of oil per day through the strait. Kpler shipping data indicates that at least 40 tankers may load in March, potentially pushing exports above 4 million barrels per day. However, while traders claim the ports capacity exceeds 4.5 million barrels per day, actual loading volumes rarely exceed 2.5 million barrels per day.

E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis

Skylar Shaw

May 16, 2022 10:41

Late in the session on Friday, June E-mini NASDAQ-100 Index futures were trading higher, putting the tech-weighted index in a position to end on a positive note, but still below for the week. The market action was chaotic throughout the time, with wild gyrations fueling volatility amid signals of peaking inflation and fears that the Federal Reserve might tighten policy too quickly.


The market was driven higher by rebounding megacap tech and tech-related growth firms. During the epidemic, when interest rates were touching historical lows and Fed monetary policy was supportive, these stocks lifted the main indexes to record highs, but they have been smashed for many months.


In other financial news, Twitter Inc shares fell 9.8% after Elon Musk tweeted that he has put the $44 billion cash acquisition proposal on hold while waiting for evidence on false accounts from the social media business. Tesla Inc, on the other hand, increased by 4.9 percent.

Swing Chart Every Day Technical Evaluation

According to the daily swing chart, the major trend is down. The return of the decline will be signaled by a transaction through 11689.00. The primary trend will turn to up if 13555.25 is crossed.


The small downward trend continues. The minor trend will be changed to up with a transaction through 12553.25. This will change the market's momentum upward.


The long-term retracement zone from 11671.25 to 10468.25 is the primary support on the downside.

A pivot at 12622.25 is the first objective and probable resistance on the upside.

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