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August 24th - According to the Fujian Provincial Flood Control and Drought Relief Headquarters, affected by the monsoon trough and Typhoon Chanlavy, coastal and southern Fujian experienced heavy rain today (August 24th), with 24-hour cumulative rainfall of 60-130 mm, locally reaching 250 mm, and a maximum hourly rainfall of 90 mm. At 10:30 AM on the 24th, the Fujian Provincial Flood Control and Drought Relief Headquarters upgraded its flood control emergency response to Level III while maintaining its typhoon emergency response at Level IV.August 24th - According to the China Earthquake Networks Center, a 4.7-magnitude earthquake struck Changning County, Yibin City, Sichuan Province (28.33°N, 104.98°E) at 8:26 AM on August 24, 2026, with a focal depth of 5 kilometers. Following the earthquake, the China Earthquake Administration activated a Level IV emergency response, coordinating with the China Earthquake Networks Center and the Sichuan Provincial Earthquake Administration to conduct emergency response, requiring relevant units to hold joint consultations, strengthen seismic monitoring and analysis, and promptly report relevant information.August 24th - It is expected that from August 24th to 26th, under the combined influence of Typhoon No. 19 "Zitan" and Typhoon No. 20 "Janlavy", heavy rainfall will occur in eastern and southern Guangxi, Guangdong, northern and western Hainan, Fujian, central and southern Jiangxi, central and southern Hunan, and southeastern Zhejiang. The cumulative rainfall is expected to be 50-80 mm, with some areas in southeastern Guangxi, Leizhou Peninsula of Guangdong, northwestern Hainan, southern coastal areas of Zhejiang, and coastal areas of Fujian receiving 90-150 mm of cumulative rainfall, and some areas exceeding 200 mm. It is predicted that the Zuojiang River in Chongzuo section of Guangxi will experience floods exceeding the guaranteed level, and the Yujiang River in Nanning section will experience floods exceeding the warning level. The main stream of the upper reaches of the Heilongjiang River from Huma to Zhangdiyingzi Township and the Dongji section of the middle reaches of the main stream, the Haiqing section of the Ussuri River, and Taihu Lake will remain above the warning level. Major rivers such as the Beijiang, Dongjiang, and Hanjiang Rivers in the Pearl River Basin, the Nandujiang and Changhuajiang Rivers in Hainan, the Minjiang, Jiulongjiang, and Feiyunjiang Rivers along the Zhejiang and Fujian coasts, the middle reaches of the Yellow River between Shanxi and Shaanxi, the Yongding River and Hutuo River in the Haihe River Basin, and the Yalu River, the border river in Northeast China, will experience rising water levels. Some small and medium-sized rivers in the rainstorm area may experience floods exceeding the warning level.August 24th - The 34th Guangzhou International Fair was held at the China Import and Export Fair Complex from August 21st to 23rd. According to statistics, the three-day fair attracted approximately 170,000 visitors and resulted in the signing of over 290 trade and economic cooperation projects, with a total intended cooperation amount exceeding 48.3 billion yuan.The Hang Seng Tech Index fell further to 4%, with MINIMAX-W (00100.HK) dropping more than 10%.

S&P 500 Price Forecast – Stock Markets Give Up Early Gains

Cory Russell

Dec 29, 2022 14:37


Technical Analysis of the S&P 500

Initially attempting to rise during Wednesday's trading session, the S&P 500 eventually gave up gains and lost momentum due to the thin markets' lack of current interest. The 3800 level underneath should be sustained, but if we decline below that, it would be possible to slide considerably lower, maybe as low as the 3700 level.


At this point, rallies ought to be fading, therefore the 3900 level and the 50-Day EMA can serve as a ceiling from which to resume shorting. When signs of fatigue start to surface, they will be pounced on, and I won't think twice about shorting them. Because of this, I believe that the market will continue to be negative, although it's possible that unreliable money managers may attempt to pad their books towards the end of the year. This is a frequent occurrence since they must at least demonstrate to their customers that they possess the "proper stocks."


It appears like Wall Street will sometimes need a reminder that the Federal Reserve is dead serious, which is an issue that the Federal Reserve itself caused by coddling traders for 14 years, so I believe it's just a matter of time until we continue to go lower. In light of this, I am prepared to short this market gradually during rallies and when it begins to show symptoms of tiredness. However, at this time of year, I am not expecting for large swings, so you must see this through the lens of short-term trading.

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