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December 21 – According to sources, another oil tanker has been seized by the United States in waters near Venezuela as President Trump intensifies his oil blockade against the government of Venezuelan President Maduro. The seized tanker, the "Bella 1," is a Panamanian-flagged vessel under U.S. sanctions and was en route to Venezuela to load cargo. This interception follows the seizure of the "Century" supertanker early Saturday morning and the seizure of the "Skipper" tanker on December 10. The White House did not immediately respond to a request for comment.On December 21, local time, the Israel Defense Forces (IDF) issued a statement saying that during operations in northern Gaza that day, several suspicious individuals were spotted gathering near the Yellow Line, the ceasefire line. IDF fired warning shots, but three armed men crossed the Yellow Line and approached IDF forces, posing a "direct threat." IDF airstrikes subsequently killed them. The statement also noted that in two other separate incidents in northern Gaza, IDF forces also discovered two armed men crossing the Yellow Line and approaching soldiers. IDF airstrikes subsequently killed them.On December 21, the French presidential palace stated that it would determine the "best way" for French President Macron to hold dialogue with Russian President Putin "in the coming days." The French presidential palace welcomed Russias statement that Putin was willing to engage in dialogue with Macron, and that France believed the aim of such dialogue was to achieve a "stable and lasting peace," and that the content would be "transparent" to Ukraine and Europe.December 21 - According to a report released by the Indonesian Meteorology, Climatology and Geophysics Agency, a 5.6-magnitude earthquake struck off the coast of North Maluku province, Indonesia, at 19:21 local time on December 21. The epicenter was located at 1.47 degrees north latitude and 126.34 degrees east longitude, with a focal depth of 27 kilometers.December 21 - On December 21, MiniMax, a general artificial intelligence company, published its post-hearing information set prospectus for the first time.

S&P 500 (SPY) Rebounds After Testing New Lows

Cory Russell

Oct 12, 2022 15:31

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As Treasury Yields decline, the S&P 500 increases

As traders hurried to purchase equities after the sharp decline, the S&P 500 resumed upward momentum after touching new lows at 3570.


Stocks received extra support when the yield on 10-year Treasuries dropped below 3.90% and failed to settle above that mark.


Despite the widespread recovery, it is important to highlight that semiconductor stock prices are still in decline. As traders respond to the current export limitations placed on China, shares of Qualcomm, Qorvo, ON Semiconductor, and other companies in this market category are heading down.


In spite of today's wide stock market recovery, Meta and NVIDIA were able to escape their annual lows while testing new lows.


Looking at the larger picture, today's bounce seems technical. In just four trading sessions, the S&P 500 went from the 3800 level to 3575, so it's not unexpected to find that some traders were prepared to purchase equities at a significant discount to recent levels.


Earnings season will soon put the market to the test. At the end of this week, major banks including JP Morgan Chase, Wells Fargo, Citigroup, and Morgan Stanley will report their earnings, and the market's attitude will be greatly impacted by their statements. Ahead of these crucial news, trading may remain volatile.

S&P 500 Examines 3640 as Resistance

The S&P 500 managed to regain control above 3615 and is now attempting to hold above the next resistance level at 3640. If successful, it will go in the direction of the resistance at 3675. The S&P 500 will be pushed toward the 3700 level if a move is made over the 3675 level of resistance.


The S&P 500's closest support level is at 3615 on the support side. The next support level, at 3585, will be reached if the S&P 500 drops below this level. If the support at 3585 is successfully tested, the S&P 500 will move closer to the next support level at 3560.

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