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On February 25, Apple’s official Weibo account announced that the official Apple Developer Account is now officially launched. Apple will provide news, announcements and event updates for the Chinese developer community through this official account.The acting commissioner of the IRS announced his retirement on Tuesday local time.The Hang Seng Tech Index opened low and ended high, turning positive during the session. It fell by more than 4% at the opening in the morning. Auto stocks led the gains, with Li Auto (02015.HK) rising by more than 13%, Xpeng Motors (09868.HK) rising by more than 5%, and Sunny Optical Technology (02382.HK) rising by more than 4%.On February 25, Bank of America Securities published a research report pointing out that Standard Chartered Bank (02888.HK) had mixed performance in the fourth quarter, including the reclassification of US$147 million in deposit insurance, which was also recognized in net interest income, but will be reclassified as cost again from the fourth quarter of 2024. The bank said that based on the good performance of revenue in the fourth quarter of last year and the long-term high interest rate environment, the groups earnings per share forecast for 2025 to 2027 will be raised by 1% to 6%, and the net interest income forecast for 2025 to 2027 will be raised by 8% to 9%. The bank said that it would raise its target price from HK$99.35 to HK$112, and reiterate its rating as underperforming the market.The main contract of the Container Shipping Index (European Line) narrowed its intraday decline to 0.67% and is now reported at 1,862 points, having previously fallen by more than 4.00%.

S&P 500 Futures Continue to Consolidate

Cameron Murphy

Apr 20, 2022 10:22


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Technical Analysis of the S&P 500

During Tuesday's trading session, the S&P 500 dropped down slightly to indicate hints of weakness, but then rallied to challenge the 50 Day EMA. In the end, if we can break over the 50 Day EMA, we'll most likely go for the 4500 level. The market's break over the 4500 level opens the door to a move to the 4600 level, although that level is likely to be tough to reach at this time.


Keep an eye on the interest rate situation in the United States, which will continue to be a key issue, since we have seen so much in the form of a headwind for the stock markets. Keep in mind that the market is going to experience a lot of noise at best, so keep that in mind. I believe that if we break below the hammer from Monday's session, we will be able to break below the 4350 level, which would open up the 4300 level, and then the 4100 level.


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There are lots of unfavorable conditions out there that continue to work against a stronger stock market, so it's understandable that we'll see a lot more selling pressure in the future. If you notice symptoms of fatigue, I believe you should either purchase puts or take gains if you are a "long-only" trader. At best, the market is highly loud, so you should be wary of the volatility and keep your position size minimal.

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