EUR/USD 1.11852
0.326%
Gold 3223.07
0.956%
Oil 61.700
-0.086%
USD/JPY 145.116
-0.574%
GBP/USD 1.33018
0.200%
GBP/JPY 193.032
-0.377%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Japanese Prime Minister Shigeru Ishiba: Rice prices need to be reduced to a reasonable level.On May 19, according to the public prospectus, TSMC (TSM.N) will issue the second unsecured ordinary corporate bond of the year in June, totaling NT$14.1 billion, all of which are green bonds. The 5-year interest rate rose to 1.92%, with an issuance of NT$12.5 billion; the 10-year interest rate was 2.05%, with an issuance of NT$1.6 billion.Japanese Chief Cabinet Secretary Yoshimasa Hayashi: Refused to comment on the US rating downgrade.On May 19, Xiaomi announced today that it will hold a Xiaomi strategic new product launch conference at 7 pm on May 22. At that time, Xiaomi will launch the new mobile phone SoC chip Xuanjie O1, the new flagship Xiaomi 15S Pro and Xiaomi Tablet 7 Ultra, as well as the new Xiaomi YU7, Xiaomis first SUV.On May 19, by the location of business units, in April, the retail sales of consumer goods in urban areas was 3237.6 billion yuan, a year-on-year increase of 5.2%; the retail sales of consumer goods in rural areas was 479.8 billion yuan, an increase of 4.7%. From January to April, the retail sales of consumer goods in urban areas was 14043.3 billion yuan, an increase of 4.7%; the retail sales of consumer goods in rural areas was 2141.2 billion yuan, an increase of 4.8%. By consumption type, in April, the retail sales of goods was 3300.7 billion yuan, a year-on-year increase of 5.1%; catering revenue was 416.7 billion yuan, an increase of 5.2%. From January to April, the retail sales of goods was 14365.1 billion yuan, an increase of 4.7%; catering revenue was 1819.4 billion yuan, an increase of 4.8%. By retail formats, from January to April, the retail sales of convenience stores, specialty stores, supermarkets, department stores and brand stores in retail units above the limit increased by 9.1%, 6.4%, 5.2%, 1.7% and 1.4% year-on-year respectively.

Stock Markets Continue to Show Signs of Weakness

Alice Wang

Jul 12, 2022 15:16

微信截图_20220712150745.png


During the trading session on Monday, the S&P 500 promptly declined and shown symptoms of weakness once again. After all, indexes traded lower globally.

Technical Analysis of the S&P 500

Prior to the S&P 500 opening up for trade on Monday, there was a lot of selling pressure felt across the globe, which caused the S&P 500 to decline dramatically. That so, the 3950 level continues to provide considerable resistance, so we should monitor it carefully. Additionally, the 50 Day EMA is beginning to approach that region as well, so I believe everything fits together really well for resistance. The 4000 level also has a lot of psychological components to it.


Despite all of this, I have no interest in attempting to purchase stocks any time soon because, very simply, there are so many factors pushing against their value that I just don't want to take the chance of making money to the upside just now. In fact, I wouldn't be sure that the market's general attitude was shifting until we broke through the 4200 level. Then, things can start to become interesting.

 

Until then, I believe rallies will continue to be sold into, thus you must see it from the lens of providing a chance to short the market whenever it rebounds. The 3700 level, which I believe would be a decent target on the downside, might be of interest. Much if volatility has decreased a little, it's important to remember that the rallies have occurred in low volume circumstances, which is not exactly a bullish indication. Breaking down below that level might start off even more downside.

Suggestion