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According to data from the China Passenger Car Association (CPCA), from April 1st to 26th, retail sales of passenger vehicles nationwide reached 1.004 million units, a 24% decrease compared to the same period last year and a 19% decrease compared to the same period last month. Year-to-date, cumulative retail sales totaled 5.226 million units, a 19% decrease year-on-year. From April 1st to 26th, retail sales of new energy passenger vehicles nationwide reached 614,000 units, an 11% decrease compared to the same period last year and a 6% decrease compared to the same period last month. Year-to-date, cumulative retail sales totaled 2.523 million units, a 19% decrease year-on-year.On April 29th, Ren Hongbin published an article in *China Cyberspace Administration* entitled "Implementing the Spirit of the Fourth Plenary Session of the 20th CPC Central Committee to Promote the Development of Digital and Green Trade." Going forward, the China Council for the Promotion of International Trade (CCPIT) will continue to successfully host the Blockchain Expo, highlighting the industrial needs and application orientations in digital and green fields. It will also organize dedicated zones for artificial intelligence and innovation chains, showcasing innovative cooperation between Chinese and foreign enterprises in digital and green technologies, demonstrating my countrys supporting role in the global industrial and supply chains in related fields, and promoting the development of digital and green trade. The CCPIT will further amplify the spillover effects of the Blockchain Expo, promote the deep integration of technological and industrial innovation, deepen cooperation among research entities, business entities, and financial institutions, and help upgrade traditional industries, develop and expand emerging industries, and accelerate the cultivation of future industries. The CCPIT will also strengthen its support and guidance for Chinese and foreign enterprises to deepen trade cooperation in digital and green fields, expand exports of digital economy, energy conservation and environmental protection, and green and low-carbon services, and create new highlights in foreign economic and trade cooperation.On April 29, the State Council announced the appointment and removal of state personnel. Song Youchun was appointed Vice Minister of Housing and Urban-Rural Development; Sui Hongbo was appointed Vice Minister of Veterans Affairs; Shang Rui was appointed Vice Chairman of the State-owned Assets Supervision and Administration Commission of the State Council; Liu Haoling was appointed Vice Chairman of the China Securities Regulatory Commission; Zhang Liming was appointed Deputy Director of the National Forestry and Grassland Administration (National Park Administration); and Huang Guo was appointed Director of the National Medical Products Administration.On April 29, US President Trump posted on social media, "Iran is not going to agree. They dont know how to sign a nuclear-free agreement. They had better get smart!" Trump also included a photo of himself with the caption, "No more being a yes man."Seagate Technology (STX.O), a leading memory chip manufacturer, rose nearly 18% in pre-market trading after reporting revenue of $3.11 billion for its third fiscal quarter of 2026, exceeding expectations.

Market Breadth Indicator Reveals The Next Big Move In S&P 500

Skylar Shaw

Jul 04, 2022 15:01

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The price volume analysis of the S&P 500 and the bullish divergence in stock market breadth point to a probable large move.


There are additional bullish entry setups (from 24 to 106) as seen in the stock screener image below, despite the fact that the S&P 500 fell more than 2% last week along with very high levels of fear emotion.


Select companies from the Biotech (XBI) and Consumer Staple (XLP) categories also exhibit relative strength, in addition to the potential accumulation in China stocks as described in the video at the bottom of this piece. These industrial groupings have outperformed, which is crucial since these stocks are likely to take the lead when the market moves upward.


Let's use the Wyckoff trading approach to analyze the S&P 500's market breadth and price volume behavior in order to glean hints and warning indications about the impending price movement.