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March 10th news, according to the latest survey by TrendForce, the global wafer foundry industry will develop in a polarized manner in the fourth quarter of 2024. Advanced processes will benefit from the growth of emerging applications such as AI Server, and the continued stocking cycle of new flagship smartphone APs and PC new platforms will drive the growth of high-priced wafer shipments, offsetting the impact of the slowdown in demand for mature processes. The combined revenue of the top ten wafer foundries increased by nearly 10% quarter-on-quarter to US$38.48 billion, setting a new record high.Nvidia (NVDA.O) shares fell 2.4% in pre-market trading.The Eurozone Sentix investor confidence index for March will be released in ten minutes.On March 10, Joseph Dahrieh, an analyst at Tickmill, said in a report that crude oil prices are under pressure as concerns about US import tariffs have raised concerns about global economic growth, and OPEC+ plans to increase production have exacerbated this pressure. Dahrieh said that Trumps tariffs on Mexico and Canada and some of the postponed tariffs, coupled with retaliatory tariffs on some countries, have raised concerns about economic slowdown, suppressed fuel demand, and promoted short-term oil views. In addition, events such as Saudi Arabias decision to cut Asian crude oil prices have exacerbated concerns about the economy. He added that OPEC+ plans to increase production from April, adding to supply (oversupply) concerns, which may exacerbate the imbalance between supply and demand.Hong Kong Stock Exchange documents show that HSBC Holdings (00005.HK) repurchased a total of 3.1 million shares on other exchanges on March 7, spending 27.6 million pounds.

E-Mini Dow: Expecting Choppy Trade Ahead of Apple Earnings

Cory Russell

Apr 28, 2022 10:28

Following yesterday's sharp sell-off, which was fuelled by fears of an economic slowdown, June E-mini Dow Jones Industrial Average futures are creeping up early Wednesday. Microsoft is assisting in reducing the impact of Tuesday's drop. After the bell, the business released results that topped expectations.


June E-mini Dow Jones Industrial Average futures are up 260 points, or 0.78 percent, at 06:23 GMT. The SPDR Dow Jones Industrial Average ETF (DIA) closed at $332.29 on Tuesday, down $8.27 or 2.43 percent from its previous close.

On Both the Top And Bottom Lines, Microsoft Exceeded Expectations

Microsoft's stock soared as much as 6% in extended trading on Tuesday after the software giant reported fiscal third-quarter profits that above analysts' estimates and provided an upbeat forecast for the current quarter.


The Dow's Components Will Be More Volatile in the Future On Wednesday, Apple and Boeing will release their profits. Investors will also be looking for the latest information on weekly mortgage applications, foreign trade, and pending house sales on the economic front.

Technical Analysis of a Daily Swing Chart

According to the daily swing chart, there is a downward trend. The return of the decline will be indicated by a trade through 33081. The primary trend will shift upwards if 35413 is crossed.


There is a little downward tendency. The minor trend will be reversed if 34038 is crossed. The momentum will change to the upward as a result of this.


32086 to 35413 are the short-term ranges. The E-mini Dow is now trading near resistance from 33357 to 33750, which is the lower end of its retracement zone.

Technical Prediction on Daily Swing Chart

Early Wednesday, market response to 33357 will likely influence the direction of the June E-mini Dow Jones Industrial Average.

Possibility of Growth

The presence of buyers is shown by a persistent advance over 33357. Look for a burst through the short-term 50 percent mark at 33750 if this move is able to produce enough upward momentum. The E-mini Dow will be able to test the minor high at 34038 if it can break through this level.

A Pessimistic Prospect

The existence of sellers will be shown by a persistent advance beneath 33357. This might result in a retest of the 33081 low from yesterday.


The sellers have returned if you take out 33081. This might set the stage for a rapid drop to 32578, the next major low.

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