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On January 13, the issuance of special debt instruments for sustainable development in Japan in 2024 set a new annual record. Transition bonds have soared in popularity, and the issuance of most other types of bonds has declined compared with 2023. Transition bonds are designed to finance low-carbon projects of large emitters that may not meet the "green" label. In 2024, the issuance scale of Japans sustainable development debt was US$75.4 billion, a year-on-year increase of 9.6%, continuing the previous trend of sustained growth. Transition bonds contributed the most, with an issuance scale of US$21.9 billion, a year-on-year increase of 22 times, mainly from five sovereign transition bonds issued by Japan, with a total scale of US$19.7 billion.According to Fox News: Tesla CEO Elon Musk said he plans to use Cybertruck equipped with Starlink technology to provide Internet services to victims of the California wildfires.On January 13, CICC released a research report, maintaining the "outperform" rating of Sunny Optical Technology (02382.HK), with a net profit attributable to the parent company forecast of 2.603 billion yuan/3.308 billion yuan in 2024/2025, and an introduction of 2026 revenue/net profit attributable to the parent company of 47.4 billion yuan/4 billion yuan, with a target price of HK$70.4. The company announced its December shipment data: 1) Mobile phone optics: The company shipped 53.394 million mobile phone camera modules and 105 million mobile phone lenses. 2) Car-related products: The company shipped 6.351 million car lenses.On January 13, according to the calculation of U.S. Customs data, it was found that in November 2024, the United States imports of aircraft parts from Russia increased by one-third, reaching the highest level in nearly three years. The United States purchased $7.6 million worth of aircraft parts from Russia in November, the highest monthly value since February 2022, and 1.6 times the same period last year. In the first 11 months of 2024, the total amount of parts purchased by the United States from Russia was $31.4 million, compared with $30.6 million in the previous year.The Hang Seng Tech Indexs decline widened to 2%, and the Hang Seng Index fell 1.9%. Technology and internet stocks fell, with Oriental Selection (01797.HK) falling more than 5% and Baidu (09888.HK) falling 3.7%.

E-mini NASDAQ-100: Trying to Form Bullish Reversal Bottom

Cameron Murphy

Apr 26, 2022 10:49


微信截图_20220426095439.png


Monday's mid-session E-mini NASDAQ-100 Index futures are down, although seeking to recoup some of their early losses. Fears about China's COVID-19 breakouts frightened investors already anxious about quicker U.S. interest rate rises denting economic growth, so the tech-weighted index prolonged its steep selloff from last week.


June E-mini NASDAQ-100 Index futures are trading at 13384.50, up 31.00 or 0.23 percent, at 17:20 GMT. This is an increase from the previous low of 13184.00. The Invesco QQQ Trust ETF (QQQ) is up $0.75, or 0.23 percent, to $326.15.


Investors were particularly nervous at the outset of a week that would see megacap firms such as Google parent Alphabet Inc, Microsoft Corp, Amazon.com Inc, and Apple Inc report quarterly results.


In mergers and acquisitions news, Twitter Inc jumped 3.9 percent after Reuters reported that it was prepared to accept Tesla Inc CEO Elon Musk's 'best and last' cash offer of $54.20 per share.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. The continuation of the decline will be signaled by a trade through the intraday low of 13184.00. The major trend will turn to up if the price breaks over 14298.00.


12942.50 to 15268.75 is the short-term range. The market is now trading on the weak side of its retracement zone, which is resistance from 13831.25 to 14105.75.

Technical Forecast for the Daily Swing Chart

Trader response to 13353.50 will influence the direction of the June E-mini NASDAQ-100 Index entering Monday's closing.

Scenario that is bearish

The presence of sellers will be shown by a persistent rise below 13353.50. It will be a sign of weakness if the intraday low of 13184.00 is broken. Look for the selling to continue towards the March 15 major low around 12942.50 if this move develops adequate negative momentum.

Possibilities for Growth

The presence of buyers will be signaled by a persistent advance over 13353.50. Look for a late-session push towards the short-term retracement zone of 13831.25 – 14105.75 if this move creates enough upward momentum.

Notes on the Side

A daily closing price reversal bottom will be formed if the price closes above 13353.50. If this is verified, a minimum 2- to 3-day corrective rally might begin.

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