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On April 7th, Citigroup analysts stated that Samsung Electronics is likely to benefit from continued demand for AI-powered inference memory in the second half of 2026. In a report, analysts wrote that strong demand for AI-powered inference memory should support Samsungs memory pricing throughout 2026, particularly for server DRAM products. The banks analysts predict that Samsungs DDR5 RDIMM pricing will reach $1,402 in the third quarter, a 13% increase from the second quarter and a significant rise compared to the previously expected 5% sequential increase. Analysts pointed out that the prolongation of the Middle East conflict could slow memory chip price growth in the second half of the year, while a faster resolution to the conflict could drive prices further up.Spains March services PMI was 53.3, below the expected 50.5 and the previous reading of 51.9.Futures News, April 7th: Shanghai Futures Exchange (SHFE) Energy and Chemical Warehouse Receipts and Changes on April 7th: 1. Pulp futures warehouse receipts: 180,897 tons, an increase of 4,863 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 15,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 360 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 4,080 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 0 tons, unchanged compared to the previous trading day. 6. Petroleum asphalt futures warehouse receipts: 34,820 tons, down 380 tons from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 48,390 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 3,511,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 36,800 tons, down 1,270 tons from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.Australian Treasurer Charles Chalmers: The fuel tax relief is in effect. We are helping drivers cope with the rising cost of living due to increased fuel prices.On Tuesday, April 7th, the German DAX 30 index opened down 5.13 points, or 0.02%, at 23162.95; the UK FTSE 100 index opened up 17.91 points, or 0.17%, at 10454.20; the French CAC 40 index opened up 28.86 points, or 0.36%, at 7991.25; the Euro Stoxx 50 index opened down 0.51 points, or 0.01%, at 5692.35; the Spanish IBEX 35 index opened up 22.64 points, or 0.13%, at 17578.54; and the Italian FTSE MIB index opened up 144.56 points, or 0.32%, at 45769.50.

S&P 500 Forecast – Stock Markets Rally With Open of the Week

Cory Russell

Jan 10, 2023 15:19

Technical Analysis of the S&P 500

As New York traders continued to rejoice over the concept that wage inflation decreased from 0.4% month over month to the figure of 0.3% that we received on Friday, the S&P 500 rose strongly throughout the trading session on Monday. In other words, I believe they will be disappointed to learn that the Federal Reserve will not alter its stance. That gets me to my point: tomorrow at 9 AM New York time, Jerome Powell will be speaking. This is another another of the games Wall Street has been playing with the Federal Reserve. He will almost certainly say something to attempt to calm down the markets once again.


I'm searching for indicators of tiredness so I can start shorting as a result. Given that we are situated between the 50-Day EMA and the 200-Day EMA, it stands to reason that we can experience noise and weariness in this region. As a result, I will be shorting the market and watching for indications that momentum is waning. In addition, the CPI figures are due out on Thursday, which may come as a big surprise to the markets. The earnings season officially begins on Friday when the banks report in the morning.


In other words, despite the fact that the market is quite optimistic in the near term, there are many factors out there that might enter the picture and lead to issues. Sincere to say, neither I nor the majority of longer-term traders believe we are out of the woods just yet.

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