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Japanese Finance Minister Katsunobu Kato: Japan is gradually moving towards an economy where price increases are driven by import costs rather than wage increases.Japanese Finance Minister Katsunobu Kato: There are currently no plans to revise the joint statement between the government and the Bank of Japan on ending deflation.Japanese Finance Minister Katsunobu Kato: Japans economy is in a state of supply shortage, not demand shortage.March 13, platform data showed that Asian investors significantly increased their trading activities outside the normal trading hours of U.S. stocks last year. After-hours trading platform Blue Ocean said that its after-hours trading volume quadrupled in 2024. About 80% of the companys revenue comes from Asian clients. The surge in after-hours trading by Asian investors reflects to some extent their demand for immediate reflection of macro news. Market participants believe that Trumps 24-hour social media habits have also contributed to peoples shift to after-hours trading. After-hours trading is becoming increasingly popular among retail and institutional investors in Asia. Liquidity provider Flow Traders said that since 2021, Asian institutional investors inquiry trading volume for U.S. stock ETFs has almost doubled. Rijlaarsdam, CEO of Flow Traders Asia, said: "Investors are forming a 24-hour trading mentality. Whether it is Trump tweeting or Nvidias financial report, the market demand for instant trading has increased significantly." Off-peak trading also has disadvantages. Compared with regular trading hours, night trading volume is still small and liquidity is much lower, resulting in a widening of the bid-ask spread.The Hang Seng Tech Index widened its losses to 1% in early trading, and the Hang Seng Index is now down 0.4%.

Stock Markets Continue to Put Up a Fight

Cory Russell

Jul 18, 2022 15:12

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Weekly Technical Analysis for the S&P 500

The S&P 500 has declined considerably over the last week, but it's important to remember that the previous three candlesticks have all been hammers, which does indicate that a balance or perhaps a breakout to show signs of life is very approaching. Having said that, I believe the market will, more often than not, exhibit a scenario in which there will be a brief rebound and maybe a bid to test the 4200 level. If we could break through the 4200 level, which has served as a big area of resistance as well, the general trend would alter.


On the other side, this market is likely to crash very severely if we reverse course and break down below the 3640 level and, therefore, the 200 day EMA. Given everything being equal, I think this market is a touch oversold, so a little rebound makes some sense. The market will likely continue to be choppy and noisy, and you should be concerned about the fact that we are almost certainly heading into a recession, despite what some people on Wall Street would have you believe. Keep in mind that we are about to enter the earnings season, so you need to pay close attention to pre-market volatility.


In the end, I believe fading rallies will continue to be effective, but we must wait for those rallies to take place in order to get some opportunity and a better risk-to-reward ratio.