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Spains unadjusted industrial production rose 2.1% year-on-year in March, compared with a previous reading of -1.30%.Spains seasonally adjusted industrial production rose 1.8% year-on-year in March, revised from -1.10% to -0.9% in the previous month.May 8th - According to the National Development and Reform Commission (NDRC), the domestic refined oil price adjustment window will open at 24:00 on May 8th. According to the NDRC Price Monitoring Center, during this round of refined oil price adjustment cycle (24:00 on April 21st to 24:00 on May 8th), international oil prices initially rose and then fell. Starting at 24:00 on May 8th, domestic gasoline and diesel prices will increase by 320 yuan and 310 yuan per ton respectively. On average nationwide, the price of 92-octane gasoline, 95-octane gasoline, and 0-grade diesel will increase by 0.25 yuan, 0.27 yuan, and 0.27 yuan per liter respectively. Filling a 50-liter tank with 92-octane gasoline will cost an extra 12.5 yuan.Switzerlands consumer confidence index for April will be released in ten minutes.May 8th - Rising oil prices have made inflation a more pressing concern for the Federal Reserve recently. However, the employment-related aspect of its dual mandate is also worth noting, given the recent volatility in non-farm payroll reports. Therefore, the April jobs report is a crucial economic indicator to watch closely. For example, the U.S. added 160,000 jobs in January, but lost 133,000 in February. March saw a rebound with 178,000 new jobs. Overall, the U.S. is projected to add 205,000 jobs by March 2026, averaging 68,000 per month. David Payne, economist and journalist at The Kiplinger Letter, stated, "These figures suggest that despite slow labor force growth, U.S. job growth remains strong."

S&P 500 Price Forecast – Stock Markets Run Out of Momentum

Skylar Shaw

Jun 28, 2022 14:50

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Initial attempts at a rebound by the S&P 500 in the futures market on Monday failed due to the overbought state on Friday stalling.

Technical Analysis of the S&P 500

The S&P 500 attempted to rebound early in the Monday session in the futures market, but has encountered a little bump on the road because to the ongoing commotion. As a result, there is a good chance that the market will continue to experience trepidation and maybe a retreat. Even if the Friday session was quite volatile, we are still very much in a downturn. You might perhaps make a weak case for portfolio rebalancing on Friday or, to be honest, merely short-covering as we go into the weekend.


Nevertheless, the 50 Day EMA is rapidly approaching the 4000 mark, therefore I believe it is also speaking. I've been seeking for a chance to short this market when it shows indications of weariness, and I think I'm about to. At least until we break over the 4200 barrier, I have no interest in purchasing the S&P 500. It's important to be patient and select your locations in the meantime. If it begins to move in my way, I will add to my initial little position. It is not always possible to quantify short selling, making it something of an art form. Risk management, emotion, and fear are all important factors.


It should be emphasized that I usually take around half as much risk when shorting a company or an index as when I would be purchasing it. They are not intended to fall for extended periods of time, which is the reason.

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