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December 9th - According to an announcement by Zhou Liufu (06168.HK), the company intends to seek an authorization from its shareholders meeting (“H-Share Repurchase Authorization”) to authorize the board of directors to repurchase H-shares to protect shareholder interests. Under the H-Share Repurchase Authorization, the total number of H-shares repurchased during the relevant period shall not exceed 10% of the total number of issued H-shares on the date the resolution granting the H-Share Repurchase Authorization is approved at the relevant shareholders meeting (excluding treasury shares and repurchased but not yet cancelled H-shares, if any). The board of directors shall be authorized to handle all matters related to the H-Share Repurchase Authorization, including but not limited to formulating and implementing specific repurchase plans, notifying creditors and making announcements and handling matters related to creditors exercising their rights, and that the repurchased H-shares will be cancelled upon completion of the repurchase, resulting in a corresponding reduction in the companys registered capital.1. For traders, the risk lies in the timing of entry. Even if you correctly predict the market trend, a poor entry point can still be very risky due to high volatility. Current trading strategies often involve entering on the right side and exiting on the left side, which can effectively capture opportunities while controlling risk. 2. An upward trend is an accelerating process, while a downward trend is often a decelerating one. In an upward trend, there are usually only one or two "sweet spots," offering limited opportunities. Both technical and fundamental analysis are effective only if you truly understand them thoroughly. 3. When everyone is losing money, there is little risk; when everyone is making money, there is real risk. I believe both commodities and stocks offer good opportunities, but stocks are relatively less risky. In my view, stocks offer a more favorable risk-reward ratio. 4. Institutions with a genuinely profitable business model, a good management team and methods, a commitment to investor responsibility, and a proven track record of good performance are likely to achieve sustainable growth. There are two main types of traders: analytical traders and methodological traders, or systemic traders. We trade methods, not instruments; we are method traders, not instrument traders.Commodity trader Trafigura: The oil market will face a “super oversupply” next year as a surge in new supply clashes with a weak global economy.On December 9th, Melanie Debono of Pansen Macroeconomics noted in a report that Germanys expanding trade surplus was mainly supported by demand from its EU partners. Data shows that Germanys seasonally adjusted nominal goods trade surplus rose to €16.9 billion in October, up from €15.3 billion the previous month and exceeding market expectations of €15.9 billion. While exports to non-EU countries declined by 3.3%, exports to EU member states increased by 2.7%. Meanwhile, the decline in imports was mainly due to reduced demand for goods from non-EU countries. "We believe that overall net exports, including goods and services, will support GDP this quarter," Debono said, noting that the German economy is expected to resume growth in the fourth quarter after stagnating in the third quarter.December 9th - A spokesperson for the Hong Kong Hospital Authority (HA) announced today (December 9th) that the condition of those still hospitalized after the Tai Po fire continues to improve, with the last patient initially classified as seriously injured now in stable condition. All 24 patients remaining in hospital are currently in stable condition. Medical staff will continue their efforts to care for all the injured, hoping for their speedy recovery.

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.