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On January 17, Kpler data showed that in the first two weeks of 2025, the EUs imports of liquefied natural gas from Russia increased year-on-year. From January 1 to January 15, the 27 EU member states imported about 838,000 tons of liquefied natural gas, compared with about 760,000 tons in the same period last year, indicating that Europe is still dependent on Russian energy. Since breaking through 50 euros per megawatt-hour in early January, European natural gas prices have fallen sharply, but they are still supported by rapid inventory consumption and supply concerns after the expiration of the transportation agreement between Russia and Ukraine. The EUs current natural gas storage level is 63% and continues its sharp decline. Analysts say that in order to achieve this years storage target, Europe will need to further increase imports of liquefied natural gas.1. JD.com (JD.O) rose more than 5% before the market opened. In terms of news, JD.com announced that it had launched the "gifting" function in its latest version of the APP; 2. Morgan Stanley rated Teslas (TSLA.O) stock as "overweight" and gave a target price of $430. 3. Goldman Sachs: Raised TSMCs (TSM.N) target price to $259, and long-term growth prospects are further strengthened by AI advantages. 4. Amazon (AMZN.O) will lay off about 200 people in its North American store department. 5. Microsoft (MSFT.O) announced the introduction of AI tools for the consumer version of Microsoft 365. 6. Rio Tinto (RIO.N), the worlds second-largest mining company, and Glencore recently held preliminary talks on merging their businesses. 7. General Motors (GM.N) was fined by the FTC for selling data without user consent: data sharing is prohibited within five years. 8. IBM (IBM.N) will acquire Oracle solution provider Applications Software Technology. 9. Western Digital (WDC.O) expects second-quarter revenue to be in the middle of the range of $4.2 billion to $4.4 billion.U.S. Treasury yields narrowed their losses slightly after the release of new housing starts data, with the 10-year Treasury yield at 4.580%.S&P: South Africas banking industrys return on equity is expected to reach 15%-16% by 2025.The three major U.S. stock index futures rose, with Nasdaq 100 futures rising by 1%, S&P 500 futures up 0.67% and Dow futures up 0.57%.

S&P 500 Price Forecast – Jobs Number Leads to Nothing

Cory Russell

May 07, 2022 10:52


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Technical Analysis of the S&P 500

During Friday's trading session, the S&P 500 dropped down somewhat, dipping below the 4100 barrier. We're attempting to create a hammer by spinning around to demonstrate our support. If we break through the bottom of the hammer, we'll almost certainly go considerably lower. However, if we break over the top of the hammer, the market is likely to go above the 4300 level. Although there is a lot of commotion right above us, it would make sense if we went back and forth and tried to consolidate even more.


The market seems to be deciding whether to break down any deeper, but I believe that a rebound at this time will more than likely show indications of tiredness, allowing us to resume shorting. If we were to break through the 4300 level, we may aim for the 4400 level.


At this point, I believe the market is just trying to figure out what to do next, given the tightening of the Federal Reserve, as well as high inflation and an economic downturn. In other words, it's a tremendous mess right now, and we're going to see a lot of erratic behavior that will continue to sway the market. Because we are effectively in a range-bound scenario, it should be traded accordingly.

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