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Las Vegas Sheriff: Military identification was found in Cybertruck that exploded outside Trump Hotel in Las Vegas. The man in the car was identified as Matthew Livelsberger.The Hang Seng Index futures closed down 0.05% at 19,610 points in the night session, 13 points below the spot price.On January 3, Wedbush analysts said that the sell-off triggered by the decline in global deliveries in 2024 was just a small episode in the path of Teslas stock price. Tesla announced a respectable delivery data, although investors would prefer higher deliveries than this level. Looking ahead, Teslas deliveries will accelerate in 2025, partly due to the expected launch of lower-priced electric vehicles at the beginning of this year. More importantly, however, analysts believe that Tesla is not a pure car company: "We have always believed that Musk and Tesla are the worlds leading disruptive technology companies." Analysts said the company will benefit from the era of autonomy and artificial intelligence, which is expected to accelerate during Trumps second term.On January 3, according to the Financial Times, Ken Griffins Citadel Investments (Citadel) has a return rate of 15.1% in 2024, slightly higher than its long-term rival Izzy Englanders Millennium Management (Millennium Management). The two companies outperformed the entire hedge fund industry in a year when the US stock market soared. According to investors, Citadels flagship hedge fund Wellington rose 1.7% in December, while Millennium rose 2.5%. Millennium rose 15% for the whole year. Citadel has an asset management scale of US$66 billion, while Millennium has US$72.1 billion. The performance of the two last year seems to have surpassed the $4.5 trillion hedge fund industry. According to Hedge Fund Research, hedge funds rose an average of 2.4% in November last year and rose 10.2% in the first 11 months. Data for December has not yet been released. Citadel and Millennium are among several large hedge funds that achieved double-digit growth last year.The Federal Reserve accepted a total of US$239.858 billion from 64 counterparties in fixed-rate reverse repurchase operations.

Price Action Suggests Momentum Shifting to Down

Steven Zhao

Jul 25, 2022 15:57



After the session's midpoint on Friday, September E-mini S&P 500 Index futures started to move down as the benchmark index was hampered by a poor performance in the technology sector. Poor results by Twitter and Snap were the main drivers of the sell-off, which sparked a wave of selling in social media companies.


September E-mini S&P 500 Index futures are now trading at 3949.00, down 52.25 or 1.31 percent, as of 17:53 GMT. The S&P 500 Trust ETF (SPY) is down $5.49 or 1.38 percent, trading at $393.30.


Early in the morning, the market suffered from Twitter and Snap's dismal quarterly sales. By mid-session, Twitter was down 1.2 percent, and Snap's shares had fallen about 40%.


Meta Platform Inc. and Alphabet Inc., two industry leaders in online advertising, saw their shares fall by 7.5% and 5.6%, respectively, hurting the NASDAQ.


According to Reuters, a poll released on Friday revealed that U.S. business activity fell in July for the first time in almost two years, adding to worries about an economy that is being stymied by high inflation, increasing interest rates, and declining consumer confidence.

Swing Chart Technical Analysis for the Day

The daily swing chart indicates that the overall trend is upward. The intraday price movement, however, indicates momentum could be swinging downward.


A move through 4016.25 will indicate that the uptrend has resumed. The primary trend will switch to down if a transaction is made through 3723.75.


The middle range is 4204.75 to 3639.00. The index is now challenging the 3821.75 to 3988.75 retracement range.


The minor range is 3723.75 to 4016.25. A possible objective on the downside is its 50 percent mark at 3870.00.


3639.00 to 4016.25 is the short-term range. The last possible support before the big bottom at 3639.00 is located in its retracement range, which runs from 3815 to 3773.50.

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