EUR/USD 1.07940
0.009%
Gold 3130.03
0.510%
Oil 71.046
0.248%
USD/JPY 149.797
0.128%
GBP/USD 1.29215
-0.003%
GBP/JPY 193.567
0.145%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Asian stocks swung on Wednesday, with safe-haven gold hovering near record highs as the world nervously awaited details of Trumps tariff plan and investors worried about the risk of an intensifying global trade war. "We find that our trading environment is volatile, with price swings in the market driven by market participants adjusting their risk exposure on the margins and unwilling to make commitments," said Chris Weston, head of research at Pepperstone. "Trump called April 2 Liberation Day, but investors are unlikely to be truly free from the uncertainty of tariffs," said Vasu Menon, managing director of investment strategy at OCBC Bank in Singapore. "If other countries retaliate, Trump could raise the stakes -- a possibility that could continue to make investors nervous."On April 2, Jiang Ping, Director of the Inclusive Finance Department of the Financial Supervision Administration, said at a press conference held by the State Council Information Office on April 2 that the Financial Supervision Administration will promote the deep integration of the construction of the social credit system and financial supervision, actively participate in the construction of the social credit system, and guide financial institutions to make good use of the results of the construction of the social credit system. The Financial Supervision Administration will focus on solving the problem of information asymmetry between banks and enterprises, and guide financial institutions to query and use corporate credit information on the premise of compliance with laws and regulations and full authorization, and organically combine it with financial information, and widely use it in product development, credit approval, and post-loan management, so as to improve the quality and efficiency of financial services for the real economy.On April 2, JD.com issued a salary increase notice that Dada employees salaries will be upgraded to 19 salaries this year and to 20 salaries next year; in addition, some outstanding Dada employees will be awarded JD.com Group stocks.On April 2, CICC published a research report stating that due to the decline in coal prices, Yankuang Energy (01171.HK)s net profit fell 27% year-on-year last year, and its performance was roughly in line with the banks expectations. The bank expects the groups H-share earnings per share to be 9.2 billion and 11 billion yuan this year and next year, respectively. Although the decline in coal prices may drag down Yankuang Energys profits in the short term, in the long run, the group has huge growth potential and is optimistic about its profit growth. The bank maintains the groups outperform rating. Due to the slowdown in supply and demand and the decline in short-term profits, the H-share target price was lowered by 38% to HK$10, equivalent to a forecast price-to-earnings ratio of 10.3 times and 8.4 times this year and next year, respectively.Hong Kong-listed UBTECH Robotics (09880.HK) once rose by more than 7% during the session, but the increase has now narrowed to 5%.

In The S&P 500 The Wyckoff Upthrust and Volume Pattern Indicate That Further Weakness Is On The Way

Cameron Murphy

Apr 18, 2022 11:01


微信截图_20220414102215.png


The S&P 500 E-mini futures saw a Wyckoff upthrust (UT) of the prior resistance set by the automatic rally (AR) in early February 2022 on March 31, 2022. This was the first red signal in the downswing's attempt to test support.


The Wyckoff upthrust, also known as a false breakout, is a regular occurrence in which wise funds sell into strength in order to offload their holdings, but the majority of merchants buy into the enthusiasm for fear of losing out on the powerful advance.


The short-covering rally was overbought, and a Wyckoff upthrust (UT) appeared on March 31, 2022, when the automated rally's resistance was breached. During the upthrust, the volume showed an increase in supply. Following that, the downturn was followed by strong supply consistency and a widening of the price differential, indicating that supply is under control.


Failure to commit above the axis line at 4450, where support has become resistance, indicates that the downswing will continue. S&P 500 is projected to test the next support region around 4200-4280 if the support range between 4380-4400 fails to hold. So far, the S&P 500 has been stuck in a large trading range of 4100-4600, as characterized by the selling climax (SC), secondary test (SC), and automatic rally (AR) (AR).


Until shown differently, the directional bias is still to the negative since the indication of weakness fell below 4600 in January 2022. Market volatility is still high, which isn't one of the Wyckoff accumulation structure's features. As the large trading range continues to expand, it is helpful to utilize the Wyckoff approach to examine price action features such as price spread, velocity, and progress, as well as supply and demand as represented in volume, to build a directional bias.

Trading Strategy for Stock Market Sector Rotation

Despite the current market volatility, there are still a lot of solid uptrending stocks in outperforming sectors that are good for swing trading. The S&P 500's choppy performance is due to a sector rotation, which may not represent the complete picture of the market situation.


There are 353 bullish setup stocks vs 518 negative setup stocks, as seen in my stock screener below. Many of the positive stocks are in commodity-related industries, such as oil and gas, milling, agricultural chemicals, precious metals miners, and so on.


The smart money is focused on these outperforming groupings. To be successful in this turbulent market, it is critical to trade with the trend and where the money flows.

Suggestion