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Israels Ministry of Finance: Israels budget surplus in January was 16.9 billion shekels.Chart: Overview of European market conditions on Monday, February 9, 2026February 9th - Russian crude oil production declined for the second consecutive month in January due to difficulties in selling its crude oil due to US sanctions. According to sources, Russia averaged 9.28 million barrels per day of crude oil production last month, excluding condensate production. This figure is 46,000 barrels per day lower than the already declining level in December, and nearly 300,000 barrels per day lower than the production allowed under Russias OPEC+ agreement. Amid the decline in Russian crude oil production, the amount of Russian oil stored on tankers continues to grow, indicating that some cargoes are taking longer to find buyers amid increasing US pressure on Russia. Earlier this month, US President Trump stated that he had lifted the additional 25% tariffs imposed on India in exchange for New Delhi ceasing its oil purchases from Russia. As of early February, the amount of Russian crude oil stockpiled at sea had reached 143 million barrels, almost double that of a year ago and more than a quarter higher than in late November.On February 9th, the Securities Association of China recently issued a notice within the industry regarding typical problems discovered during a joint on-site inspection of securities firms ethical conduct and investment banking fees in 2025. This on-site inspection aimed to implement the spirit of the Central Financial Work Conference and related regulatory requirements, urging securities institutions to fulfill their political responsibility for comprehensively and strictly governing the Party and to perform their "gatekeeper" duties as intermediaries. The inspection results indicate that while the industry is developing rapidly, some fundamental and systemic issues regarding ethical conduct and investment banking fees still require attention.On February 9th, Zhejiang Jike Intelligent Technology Co., Ltd., entrusted by Zhejiang Geely Automobile Co., Ltd., filed a recall plan with the State Administration for Market Regulation in accordance with the "Regulations on the Recall of Defective Automobile Products" and the "Implementation Measures for the Regulations on the Recall of Defective Automobile Products." The recall number is S2026M0023V: Starting March 6, 2026, a total of 38,277 Jike 001WE version vehicles manufactured between July 8, 2021 and March 18, 2024 will be recalled. Due to manufacturing inconsistencies in the high-voltage power battery components, prolonged use in some vehicles within this recall scope may cause an abnormal increase in the internal resistance of the power battery, potentially leading to a decline in the performance of some power batteries. In extreme cases, this could result in thermal runaway of the power battery, posing a safety hazard.

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.

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