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On August 24th, the A-share market continued its consolidation recently. Although the market has not lost its activity, risk appetite has weakened significantly, reflecting that funds have not immediately formed a new consensus for offensive moves after quickly realizing high-level growth. Overall, the industry logic is shifting from "single-track technology spillover" to a balanced pattern of "retaining the technology theme, providing support through dividends and defense, and rotating in pharmaceuticals and consumer goods to fill the gap." Looking ahead, our judgment is that the market has entered a consolidation phase, and there may still be fluctuations in the short term, but the probability of breaking through previous lows is low. The main areas to watch are: first, energy security and dividend assets such as oil and petrochemicals, coal, and banks, with the core logic being the stability of cash flow under high oil price fluctuations and the "defensive" attribute brought by low valuations; second, the narrowing focus on AI hard technology sectors, with a focus on optical modules, switches, servers, PCBs, semiconductor equipment materials, and HBM—sectors with verifiable interim reports and orders; and third, pharmaceuticals and some resilient domestic demand sectors, utilizing their low crowding and performance potential to hedge against technology volatility.On August 24th, the South Korean Marine Corps announced that the United States had canceled a joint amphibious landing exercise scheduled for next month, following Washingtons citing limited U.S. troop strength due to the war with Iran. A South Korean Marine Corps spokesperson stated that the two sides are still in close consultation regarding resuming the exercise. He did not specify what measures might be taken to prevent future cancellations or to make up for lost training opportunities. This cancellation comes after President Trump unexpectedly ordered a reduction in another annual joint military exercise last Friday, citing high costs and Seouls refusal to participate in the war with Iran.Ukrainian President Zelensky: Our naval drones are in operation. The enemy has a fleet. Its turning into scrap metal.Gaza government media office: 189,000 aid trucks were supposed to enter the Gaza Strip, but only 66,607 have entered so far.On August 24th, at the Xiaomi Xuanjie chip technology communication conference, Xiaomi announced its new product plans. The Xiaomi 18 Fold, the top-of-the-line foldable screen flagship in the Xiaomi 18 series, will be the first to be equipped with the Xuanjie O3 chip, and the new phone is scheduled to be officially launched in September; the Xiaomi Mi Pad 9 Pro Max will also be equipped with the Xuanjie O3 chip at the same time.

The US Stock Market Continues to Pull Back

Skylar Shaw

Apr 02, 2022 11:25

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S&P 500 Technical Analysis

On Friday, the S&P 500 sought to climb in the futures markets but gave back gains, indicating weakness. As a result, the market currently threatens the 4500 level in the futures market, which has previously been a key sector. As a result, it'll be fascinating to watch whether we can pull back much farther, possibly to the 50 Day EMA.


The candlestick's magnitude isn't particularly impressive, but it appears like the 4500 goal I suggested before will be tested. If we break it down further, the 50 Day EMA, which is at the 4400 level, makes a lot of sense, followed by the 200 Day EMA, which is also at that level. 


The market is still highly loud, and I believe it will continue to be so in the future. After all, there are a slew of confusing signals at the present, not least in the bond market, where many traders anticipate we'll see as many as eight interest rate hikes, while others say it's impossible.


Find a reason to go higher, but this is due to the fact that it is unconcerned about the underlying economy. Keep in mind that stock markets are about liquidity more than anything economic. If it were the case, the latest straight-up-in-the-air photo would not have taken place. 


That said, savage rallies are common in bear markets, so, while hope springs eternal, I'll be betting on the downside through options rather than directly in the market.


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