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On January 2nd, Ministry of National Defense spokesperson Zhang Xiaogang, in response to a reporters question regarding overseas hype surrounding the "Justice Mission-2025" exercise, stated that Taiwan is an inseparable part of Chinas territory, and the Taiwan issue is purely Chinas internal affair, brooking no external interference. The Peoples Liberation Armys (PLA) anti-separatist and anti-interference operations around Taiwan are entirely legitimate, necessary, and beyond reproach. The biggest reality in the Taiwan Strait is that both sides belong to one China, and the greatest threat to peace and stability in the Taiwan Strait is "Taiwan independence" separatist activities and the connivance and support of external forces. We urge relevant countries and institutions to strictly adhere to the one-China principle, cease their connivance and support for "Taiwan independence" forces, and stop stirring up trouble on the Taiwan Strait issue. We hope that the vast majority of Taiwan compatriots will truly recognize the extreme danger and harmfulness of Lai Ching-tes "Taiwan independence" provocations, prevent being deceived and coerced by "Taiwan independence" forces, and earnestly safeguard their own security and well-being and the fundamental interests of the Chinese nation. The Chinese Peoples Liberation Army will continue to strengthen its training and preparedness, be ready at any time to counter provocative acts seeking "independence," resolutely thwart all attempts at external interference, and defend national sovereignty, unity, and territorial integrity.January 2nd - With US stocks closed for a holiday, Hong Kong stocks opened today, the first trading day of 2026. Driven by tech stocks, the market continued its upward trend, with gains exceeding 500 points. The Hang Seng Index opened 86 points higher at 25717, and subsequently, with strong buying pressure, broke through the 26000 mark, reaching a high of 26217, a gain of 586 points, and surpassing the 100-day moving average. At the close, the Hang Seng Index rose 2.18% in the morning session, while the Tech Index rose 3.38%. The total turnover of the Hang Seng Index market was HK$76.87 billion. On the sector front, tech stocks led the gains, semiconductor stocks rose for the first time in a week, and retail, power equipment, and gaming software stocks strengthened again. Biopharmaceuticals and cosmetics stocks continued their weakness, while film, heavy machinery, and food stocks experienced a pullback. In terms of individual stocks, Biren Technology (06082.HK) surged over 72% on its first day of trading, Hua Hong Semiconductor (01347.HK) rose nearly 10%, Baidu (09888.HK) rose 7.5%, Kingdee International (00268.HK) rose over 6%, and CK Infrastructure Holdings (01038.HK) fell 1.1%.New York silver futures broke through $73 per ounce, up 3.40% on the day.New York silver futures extended gains to 3.00% on the day, currently trading at $72.74 per ounce.The Hong Kong dollar 1-week interbank offered rate (HIBOR) saw its biggest drop since May.

E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Change in Minor Trend Puts 12523.25 on Radar

Skylar Shaw

May 27, 2022 10:37

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Shortly after the cash market closed on Thursday, June E-mini NASDAQ 100 Index futures were trading higher, putting the tech-heavy index on course to end a lengthy run of weekly losses.


The contract for futures is now on a seven-week losing run. The NASDAQ Composite rose roughly 2.7 percent to 11,740.65, boosted by a rise in Dollar Tree stock.


June E-mini NASDAQ-100 Index futures were trading at 12254.75 at 20:23 GMT, up 312.50 or +2.62 percent. The Invesco QQQ Trust ETF (QQQ) finished up $8.02, or 2.75 percent, at $299.28.


Dollar Tree, a bargain retailer, soared 21.9 percent after reporting a profit beat, helping to propel the NASDAQ higher.


In addition, Twitter's stock soared 6.3 percent when it was revealed that the social media business is suing billionaire Elon Musk for failing to disclose his ownership in the company. In other developments, Elon Musk boosted his investment in the company's acquisition attempt to $33.5 billion, signaling a new level of seriousness and greater likelihood that the transaction would be completed, according to experts.

Technical Analysis of the Daily Swing Chart

According to the c, the major trend is down. The momentum, on the other hand, is increasing. The major trend will turn to up if a transaction is made through 12594.00. The return of the decline will be signaled by a move through 11491.25.


The small upward trend is continuing. On Thursday, buyers wiped out the minor top at 12096.75, and the trend shifted to the upside. This turned the market's momentum to the positive. The minor trend will be changed to down if a transaction is made through 11576.25.


12594.00 to 11491.25 is the minor range. At 12042.50, the index is trading on the strong side of its pivot, indicating support.


The long-term 50% level at 11671.25 provides significant support. The long-term Fibonacci level of 10468.25 comes next.


On the upside, a 50 percent level at 12523.25 is the next barrier, followed by a retracement zone from 12894.75 to 13226.00.

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