• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
South Korean presidential advisor: South Korea and the United States are expected to sign a strategic investment memorandum of understanding.November 14th - From January to October, by industry, investment in the primary sector reached 807.5 billion yuan, a year-on-year increase of 2.9%; investment in the secondary sector reached 14,841.1 billion yuan, an increase of 4.8%; and investment in the tertiary sector reached 25,242.9 billion yuan, a decrease of 5.3%. Within the secondary sector, industrial investment increased by 4.9% year-on-year. Specifically, investment in mining increased by 3.8%, manufacturing by 2.7%, and investment in electricity, heat, gas, and water production and supply increased by 12.5%. Within the tertiary sector, infrastructure investment (excluding electricity, heat, gas, and water production and supply) decreased by 0.1% year-on-year. Specifically, investment in pipeline transportation increased by 13.8%, water transportation by 9.4%, and railway transportation by 3.0%. By region, investment in the eastern region decreased by 5.4% year-on-year, investment in the central region decreased by 0.5%, investment in the western region increased by 0.4%, and investment in the northeastern region decreased by 11.7%.November 14th - Raw coal production remained at a high level. In October, the output of raw coal by industrial enterprises above designated size was 410 million tons, a year-on-year decrease of 2.3%; the average daily output was 13.12 million tons. From January to October, the output of raw coal by industrial enterprises above designated size was 3.97 billion tons, a year-on-year increase of 1.5%. Crude oil production maintained growth. In October, the output of crude oil by industrial enterprises above designated size was 18 million tons, a year-on-year increase of 1.3%, with the growth rate slowing by 2.8 percentage points compared to September; the average daily output was 581,000 tons. From January to October, the output of crude oil by industrial enterprises above designated size was 180.64 million tons, a year-on-year increase of 1.7%. Crude oil processing grew steadily. Natural gas production growth slowed. In October, the output of natural gas by industrial enterprises above designated size was 22.1 billion cubic meters, a year-on-year increase of 5.9%, with the growth rate slowing by 3.5 percentage points compared to September; the average daily output was 710 million cubic meters. From January to October, the output of natural gas by industrial enterprises above designated size was 217 billion cubic meters, a year-on-year increase of 6.3%.South Korean presidential advisor: Agrees with the US view that it is necessary to ensure the stability of the foreign exchange market.November 14th - In October, among 623 products from industrial enterprises above designated size, 313 products saw year-on-year growth in output. Specifically, steel production reached 118.64 million tons, down 0.9%; cement production reached 147.75 million tons, down 15.8%; ten non-ferrous metals production reached 6.95 million tons, up 2.9%; ethylene production reached 3.14 million tons, up 11.7%; automobile production reached 3.279 million vehicles, up 11.2%, including 1.71 million new energy vehicles, up 19.3%; electricity generation reached 800.2 billion kilowatt-hours, up 7.9%; and crude oil processing volume reached 63.43 million tons, up 6.4%.

Short SPX: Top Trade Opportunities

Skylar Shaw

Apr 15, 2022 10:51

It's possible that the shot across the bow is to blame. The rally, which started in late March, will be closely monitored since it might be a "sucker's rally" rather than a relief rally. If this is the case, Q2 is likely to see a lower high.


Price isn't expected to rise much over 4600, if at all. A rally that extends beyond that point may still fail as a double-top. The market normally does not retrace more than 60-70 percent of the slide off the record high to reach the classic topping sequence of a high, major drop, lower-high before the massive bear market sell-off.

WEEKLY CHART OF THE S&P 500

It may take some time for the downward trend to become an outright drop. The longer it goes on, the bigger the sell-off is going to be. It's preferable for markets to have fast, painful drops rather than long topping cycles that finally lead to quick selling.


This might be a new leg higher to a new record high, but the background for a massive top seems to be as strong as it has been in recent history. If this is the case, the whole year should be turbulent, providing traders with plenty of possibilities.