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On February 16, CICC released a research report stating that it is optimistic about the iteration of Zhipus (02513.HK) base model capabilities and the realization of coding scenarios. It benchmarks the valuation of leading overseas model companies and gives the company an "Outperform" rating and a target price of HK$688.February 16th - According to the Ministry of Transport, on Lunar New Years Eve, February 16th, the total number of inter-regional passenger trips is estimated at 222.57 million, an increase of 8.9% compared to the same period last year. The 2026 Spring Festival travel rush began on February 2nd, and today marks its 15th day, more than halfway through. Data shows that in the past half month of the Spring Festival travel rush, the total number of inter-regional passenger trips is estimated at 3,509.342 million, with a daily average of 233.956 million, an increase of 4% compared to the same period in 2025.On February 16th, Alibaba quietly launched two new models, Qwen3.5-Plus and Qwen3.5-397B-A17B, on the chat.qwen.ai page this afternoon. Qwen3.5-Plus is positioned as the latest large language model in the Qwen3.5 series, while Qwen3.5-397B-A17B is positioned as the flagship large language model in the Qwen3.5 open-source series. Both models support text and multimodal tasks.Shijiazhuang Pharmaceutical Group (02005.HK): Preliminary estimates suggest that the profit attributable to equity holders of the company will decrease by 45% to 60% year-on-year in 2025, compared to HK$1.061 billion in 2024.February 16 - A diplomatic source in Geneva, Switzerland, stated that negotiations on the Ukraine issue and the Iran issue will be held simultaneously in Geneva on February 17, with the Iran negotiations to be mediated by Oman.

S&P 500 Price Forecast – Stock Markets Continue to Worry About Rates

Jimmy Khan

Feb 22, 2023 16:31


Technical Analysis of the S&P 500

The S&P 500 E-mini contract started overnight trading poorly and hasn't been making a lot of sense. Yet, the contract's high level of volatility persists, and as a result, downward pressure is beginning to build. It's important to note that the 200-Day EMA and the 50-Day EMA are located immediately below. Given that they are both rather flat, there may not actually be any momentum.


As it is slightly above the psychologically and structurally significant 4000 level, this may pave the way for a support level to develop in that approximate area. You must keep in mind that earnings season is now underway because it could cause the market to fluctuate. The moving averages and the psychologically significant 4000 level, if we were to break down below them, might drive the futures market and the index itself significantly lower.


It thus creates the chance of a decline down to the 3900 level, where we had experienced some buying pressure. Following that, there comes the 3800 level, which is considerably more significant and will get a lot of attention. When it comes to whether or not the market can save itself, we would be in that general area hanging on by a thread.


The previous two candlesticks have undoubtedly looked pretty bearish, and I think that may have some momentum built up in it. If the market were to flip around and bounce, then it may try to move towards the 4200 level. The minutes from the Federal Open Market Committee meeting, which are released on Wednesday, will undoubtedly also be relevant. This ought to provide traders a good indication of what the Federal Reserve members discussed during the meeting and whether or not there is an overall hawkish mindset or if there are any ice cracks appearing. This will have a significant impact on the market.

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