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On February 15th, a netizen raised a question on social media: SpaceX is shifting its focus from Mars to the Moon and plans to build an autonomous city on the Moon within ten years, but why is it making this change? Musk responded: "It needs to be clear that we will continue to advance the Mars program. I believe this adjustment will not affect the timeline for the autonomous development of a Martian city by more than five years, and may even accelerate the development process on Mars."February 15th - According to Iranian media reports on February 14th, Iranian Foreign Ministry spokesman Baghae stated in a media interview that the right to peaceful use of nuclear energy is Irans inherent and inalienable right, and no form of political pressure can undermine this right. Baghae stated that as a signatory to the Treaty on the Non-Proliferation of Nuclear Weapons, Iran enjoys the right to peaceful use of nuclear energy. Iranian President Peshichiyan recently stated that Iran does not seek nuclear weapons and is prepared to accept any form of inspection, but will not back down in the face of excessive demands and injustice. The United States has recently continued to pressure Iran, deploying multiple warships, including the aircraft carrier USS Lincoln, in the Middle East and threatening military intervention. A new round of US-Iran talks will be held on February 17th in Geneva, Switzerland, with Omani representatives coordinating the contacts between the two sides.February 15th - The Bank of England will be closely watching a series of data releases in the coming days. The bank made the difficult decision to keep interest rates unchanged due to concerns that inflation remains too high. British economic observers are facing a busy week: starting with labor market data and consumer price statistics, and ending with public finances and retail sales reports. Wednesdays inflation report will be the focus, especially as it is the last data release before the Bank of Englands next policy meeting in March, and there is significant internal disagreement on its interpretation. Meanwhile, Tuesdays employment report is also an important indicator. Evidence of a continued weakening labor market would be reassuring to officials, as it would suggest easing price pressures.Market news: Australia will invest AU$3.9 billion in a new submarine construction plant.Conflict Status: 1. Russian Ministry of Defense: Russian air defense systems destroyed 20 Ukrainian drones over multiple Russian locations overnight. 2. Zelensky: More than 6,000 Russian drones attacked Ukraine in January. No power plant in Ukraine escaped Russian attacks and damage. Peace Negotiations: 1. French Foreign Ministry Spokesperson: We are urging Russia to seriously participate in negotiations with Ukraine. The possibility of future contact with Russia is not ruled out. 2. Zelensky: We hope to hear some compromises from Russia. We hope the United States will continue to participate in the negotiations, and we also hope that Europe will participate more. 3. Zelensky: For Ukraine, setting a date for joining the European Union is crucial; otherwise, Russian President Putin will do everything in his power to prevent this process after the war. 4. Zelensky: The United States keeps demanding concessions from Ukraine; security guarantees should take precedence over a ceasefire agreement; a dignified end to the conflict is crucial for Ukraine. Other Status: 1. Zelensky: Give us a two-month ceasefire period, and we will hold elections. 2. Ukrainian Prime Minister: The International Monetary Fund has eased key conditions for new loans. 3. NATO Secretary General Rutte: Russias oil revenues have fallen by a third, rapidly depleting its sovereign wealth fund. 4. French Foreign Minister Barro: Some G7 members have expressed their willingness to move forward with a ban on maritime transport services for Russian oil. 5. US Secretary of State Rubio: I believe it is impossible for Russia to achieve its initial goals in the Russia-Ukraine conflict. Ending the Russia-Ukraine conflict is our inescapable responsibility, and we will not stand idly by.

Stock Markets Break 50 Day EMA

Alice Wang

Jul 21, 2022 15:45

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Technical Analysis of the S&P 500

On Wednesday during trade, the S&P 500 raised its head over the 50 Day EMA, which is obviously a little success. Since there was a lot of noise between this level and the 4000 level, I believe it makes some sense that there was some hesitancy. However, I believe we have a good chance of reaching close to the 4100 level if we can break over the 4000 mark.


Looking at this chart, it would be very negative indeed if we were to reverse course and drop below the 3900 level, indicating that possibly the breakthrough was a false one. However, if we do rally, I believe we will continue to "climb the wall of anxiety" in an upward direction. Position sizing will be essential since, in any case, I believe the only thing you can probably bet on is a lot of loud behavior. It will be fascinating to see how this develops over time given that this is a violent short-covering rally.


Given the abundance of bad news now available, any collapse will likely gain a lot of momentum.


However, markets cannot continue to decline indefinitely, so this relief rally does have some logic. I believe we are in a position where we must see this through the lens of the longer-term probabilities, which continue to lead to reduced pricing over the long run. Whether or not it is a sustainable rally is an entirely separate thing. There may also be some short covering since the Federal Reserve will meet the following week.