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Samsung Electronics shares rose 7.2%.On May 27th, data from the National Bureau of Statistics showed that from January to April, industrial enterprises above the designated size achieved operating revenue of 44.89 trillion yuan, a year-on-year increase of 5.2%; operating costs reached 38.13 trillion yuan, an increase of 4.5%; and the operating profit margin was 5.43%, an increase of 0.60 percentage points year-on-year. At the end of April, the total assets of industrial enterprises above the designated size reached 192.07 trillion yuan, a year-on-year increase of 5.5%; total liabilities reached 111.39 trillion yuan, an increase of 5.9%; total owners equity reached 80.69 trillion yuan, an increase of 5.1%; and the asset-liability ratio was 58.0%, an increase of 0.2 percentage points year-on-year. At the end of April, accounts receivable of industrial enterprises above the designated size reached 27.44 trillion yuan, a year-on-year increase of 7.2%; and finished goods inventory reached 6.95 trillion yuan, an increase of 6.7%.Chinas industrial profits rose 24.7% year-on-year in April, up from 15.80% in the previous month.May 27th - According to data from the National Bureau of Statistics, from January to April, the total profits of industrial enterprises above designated size nationwide reached 2,435.84 billion yuan, a year-on-year increase of 18.2%. Among these enterprises, state-owned holding enterprises achieved total profits of 827.15 billion yuan, a year-on-year increase of 17.1%; joint-stock enterprises achieved total profits of 1,883.44 billion yuan, an increase of 24.0%; foreign-invested enterprises and enterprises invested by Hong Kong, Macao and Taiwan achieved total profits of 542.24 billion yuan, an increase of 2.3%; and private enterprises achieved total profits of 651.14 billion yuan, an increase of 23.7%. From January to April, the mining industry achieved total profits of 361.84 billion yuan, a year-on-year increase of 26.0%; the manufacturing industry achieved total profits of 1,801.99 billion yuan, an increase of 20.4%; and the electricity, heat, gas and water production and supply industry achieved total profits of 272.01 billion yuan, a decrease of 1.9%.Chinas year-to-date profits for major industrial enterprises rose 18.2% in April, up from 15.50% in April.

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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