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On February 12th, the Ministry of Education released the "Opinions on Deepening the Reform of Key Elements of Vocational Education Teaching," which proposes: dynamically adjusting professional settings, actively adding new programs, eliminating redundant ones, and upgrading existing programs. Focusing on the goal of cultivating highly skilled personnel, the Opinions call for strengthened coordination in adjusting and optimizing professional settings, and strict implementation of the "red and yellow card" system. The Opinions also advocate utilizing big data and artificial intelligence to accurately predict the supply and demand of talent in key areas, providing a scientific basis for dynamic adjustments to professional settings. Furthermore, the Opinions encourage exploring the establishment of a rapid response channel for adding new programs, focusing on emerging and future industries, with a focus on adding new programs in areas such as low-altitude economy, artificial intelligence, high-end equipment, urban renewal, and areas of urgent need in peoples livelihoods. The Ministry of Education requires all provinces developing modern vocational education systems to formulate professional setting plans based on regional key industry development plans and to publish an annual analysis report on the matching of vocational education professional settings with industrial development.February 12th - With the continued optimization of visa-free and consumption-boosting policies, both inbound and outbound tourism are expected to increase during the Spring Festival holiday, leading to peak passenger flow at some major ports of entry. According to the National Immigration Administration, the average daily number of inbound and outbound passengers at ports nationwide during this years Spring Festival holiday is expected to exceed 2.05 million, a 14.1% increase compared to last years holiday. Major airport ports are expected to see significant growth in passenger flow, with the peak outbound passenger flow anticipated on February 15th (the 28th day of the twelfth lunar month) and the peak inbound passenger flow expected on February 22nd and 23rd (the sixth and seventh days of the first lunar month).Samsung Electronics shares rose to 6%.On February 12th, the General Office of the Ministry of Commerce issued a notice regarding the implementation of the trade-in program for consumer goods during the 2026 Spring Festival holiday. The notice states that, in keeping with Spring Festival customs and adding to the festive atmosphere, consumers are encouraged to go out and shop. During the nine-day Spring Festival holiday in 2026 (February 15-23), consumers will be fully guaranteed access to apply for subsidies for trading in old home appliances and purchasing new digital and smart products through offline channels. Consumers who purchase new cars during the nine-day Spring Festival holiday can apply for car trade-in subsidies according to policy requirements.On February 12th, the General Office of the Ministry of Commerce issued a notice on ensuring the smooth implementation of the trade-in program for consumer goods during the 2026 Spring Festival holiday. The notice states that local authorities should guide participating entities in the trade-in program, such as car dealerships, home appliance stores, and digital and smart product retailers, to ensure sufficient supply of high-quality goods, maintain operating hours, and guarantee adequate supply of subsidized products, based on the characteristics of the Spring Festival market. It also emphasizes ensuring the supply of goods in rural areas during the holiday, increasing offline participation in rural areas, and prioritizing online channels for rural areas to facilitate participation and access to the program for rural residents.

S&P 500 Weekly Price Forecast – Stock Market Has Rough Week

Steven Zhao

Nov 07, 2022 15:32


Technical Analysis of the S&P 500

During the trading week, the S&P 500 plunged very sharply, approaching the 200-Week EMA. It will be challenging to understand what you were going to do next at this point because the market is probably going to continue to experience a lot of back-and-forth. A significant move to the downside is now possible if we break down below the 3600 mark at this moment. If that were to occur, I believe the S&P 500 would likely decline below the 3400 level, then the 3300 level.


On the other side, if we are able to move the market over the 3900 level and through to the 50-Week EMA, which is just above the 4000 level, it is possible. It will probably be more or less a "fade the rally" type of event because I believe we still have a ways to go before changing the general attitude. Due to this, the market is likely to perceive this as a situation in which we must use the weekly chart as a guide, but may also need to look at a lower timeframe, such as the daily or 4-hour chart, to start things moving in the wrong direction.


Given that the Federal Reserve has restated its aim to keep interest rates low for a longer period of time, the magnitude of the candlestick engulfs the preceding one, which does indicate that there will likely be selling pressure moving forward.