EUR/USD 1.16498
0.046%
Gold 4225.17
0.391%
Oil 59.288
-0.330%
USD/JPY 155.093
-0.011%
GBP/USD 1.33354
0.062%
GBP/JPY 206.828
0.065%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Japanese Economy and Fiscal Policy Minister Minoru Shirou: The inflationary impact of the stimulus package may be limited.December 5th - The World Trade Organizations annual Trade Measures Monitoring Report reveals that 19.7% of global imports are currently affected by tariffs and other similar measures, compared to just 12.6% a year ago. WTO Director-General Iweala, speaking at a formal meeting of the Trade Policy Review Body, pointed out that the global trading system is experiencing its most severe upheaval in 80 years, with a significant increase in unilateral tariffs, escalating geopolitical tensions, and regional conflicts.On December 5th, Mingxin Xuteng announced that Zhuang Yan, a person acting in concert with Zhuang Junxin, the companys controlling shareholder and actual controller, and his person acting in concert with Jiaxing Xuteng Investment Management Partnership (Limited Partnership), plan to reduce their holdings by no more than 2.433 million shares, representing 1.50% of the companys total share capital, through block trades or centralized bidding from December 27, 2025 to March 26, 2026. Zhuang Yan currently holds 28 million shares, accounting for 17.26%; Jiaxing Xuteng Investment Management Partnership holds 5 million shares, accounting for 3.08%. This reduction is a voluntary decision based on funding needs and will not affect the companys governance structure or continued operation.A joint statement from Russia and India states that the two sides will establish a joint venture to meet the equipment needs of the Indian Army and to export to friendly third-party countries.Tuniu (TOUR.O) reported revenue of RMB 202.06 million in the third quarter, with a net profit of RMB 19.368 million.

Stock Markets Break 50 Day EMA

Alice Wang

Jul 21, 2022 15:45

微信截图_20220721151813.png

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.

Suggestion