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April 1st - The State Council Taiwan Affairs Office held a regular press conference on April 1st. A reporter asked: Regarding the State Council Taiwan Affairs Offices statement that it will assist Taiwan in building a high-speed rail around the island and an east-west highway after peaceful reunification, the Mainland Affairs Council stated that related statements focus too much on material interests and have limited appeal to Taiwanese society. What is your comment on this? Spokesperson Zhang Han stated that the sooner reunification is achieved, the more beneficial it will be for Taiwans development and for Taiwanese compatriots to live a better life. The DPP authorities, for their own partisan interests, stubbornly pursue "independence" and refuse reunification, which will only deprive the Taiwanese people of their right to pursue a better life. We hope that the vast majority of Taiwanese compatriots will actively participate in the just cause of promoting the reunification of the motherland and build our common homeland into a better place.April 1st news: Several provinces will promote the large-scale development of hydrogen energy this year and study relevant support policies and measures: ① In 2026, the Fujian Provincial Government Work Report proposed implementing a future industry cultivation and development action, vigorously developing key areas including green hydrogen energy, and exploring diversified technical routes, typical application scenarios, and feasible business models. ② This year, Inner Mongolia will rapidly promote the pilot development of the entire hydrogen energy industry chain, including production, storage, transportation, and utilization, and carry out five tasks: improving innovation capabilities, enhancing the quality and efficiency of wind and solar hydrogen production, expanding green hydrogen demand, infrastructure construction, and strengthening the industry chain. ③ During the 15th Five-Year Plan period, Guangdong will focus on breakthroughs in key core technologies of hydrogen energy such as fuel cells and high-efficiency water electrolyzers, accelerate the cultivation of the entire hydrogen energy industry chain, and actively promote the demonstration application of hydrogen energy in transportation, industry, and energy. Related policies are still under research and formulation. ④ During the 15th Five-Year Plan period, Jiangsu Province will focus on cultivating the hydrogen energy industry and strive to create a rationally laid out, domestically leading hydrogen energy industry cluster. This year, it will actively explore various hydrogen storage and transportation methods to reduce hydrogen storage and transportation costs.On April 1st, the State Council Taiwan Affairs Office held a regular press conference. A reporter asked: Recently, Fujian Province released its first batch of landmark achievements in the construction of the Cross-Strait Integrated Development Demonstration Zone, categorized into three types: policies, projects, and platforms. Could you please provide details and outline the next steps for advancing the demonstration zones construction? Spokesperson Zhang Han stated that Fujian recently released its first batch of landmark achievements in the construction of the Cross-Strait Integrated Development Demonstration Zone. These include 7 policy-related achievements, 5 project-related achievements, and 5 platform-related achievements. The State Council Taiwan Affairs Office and the National Development and Reform Commission will continue to work with relevant departments to promote the construction of the demonstration zone with more concrete measures, greater efforts, and higher standards, supporting Fujian in taking greater strides and achieving more development in exploring a new path for cross-strait integrated development.April 1st - According to Iranian sources, Hezbollah in Lebanon released a letter from Iranian Supreme Leader Mojtaba Khamenei to Hezbollah leader Naeem Qassem on March 30th in the early hours of April 1st local time. In the letter, Khamenei reiterated Irans firm support for Hezbollah in its resistance against the US and Israel.April 1st - The State Council Taiwan Affairs Office held a regular press conference on April 1st. Spokesperson Zhang Han stated that the DPP authorities claim to build a so-called "non-red supply chain" is nothing more than a way to hand over Taiwans industries to others in order to achieve their "relying on foreign powers for independence" scheme. Cross-Strait economic and trade cooperation is mutually beneficial and has brought tangible benefits to Taiwanese compatriots. More and more Taiwanese compatriots have seen the convenience and opportunities brought about by cross-Strait integrated development. This year marks the beginning of the 15th Five-Year Plan. During the 15th Five-Year Plan period, we will promote the deep integration of technological innovation and industrial innovation, creating a new situation in optimizing and upgrading traditional industries, cultivating and expanding emerging industries, and proactively planning for future industries. This will undoubtedly open up broader space for cross-Strait industrial cooperation and provide more opportunities for Taiwanese compatriots and businesses.

Stock Market Continues to Be Very Noisy

Alice Wang

Dec 05, 2022 15:59

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Weekly Technical Analysis for the S&P 500

The S&P 500 E-mini contract is still causing a lot of noise, but I believe it's only a matter of time before a decision is made. However, you should also keep in mind that it is the end of the year, which frequently leads to the appearance of the "Santa Claus rally." Given that we did, in fact, receive a hotter-than-expected jobs report on Friday, it's feasible that we will continue to view this as a situation in which people are disappointed. It will be interesting to watch where we go from here because this has been a shock to the system.


It's important to note that we are precisely at the 50-Week EMA, which has some technical significance. As a result, the presence of resistance is not entirely unexpected, especially given the presence of a downtrend line nearby. It is likely that we may decline to the 3900 level and then perhaps even the 3800 level if we were to break below the candlestick's bottom.


I do expect a lot of noisy activity regardless, so bear in mind that this market is still at best unstable, making longer-term trades likely to be a little more challenging to hold onto. There is a chance that we could witness a brief upward spike followed by a selloff if money managers do attempt to pad the books at the end of the year.