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On September 18, Zhang Qiang, Director of the Urban Management Supervision Bureau of the Ministry of Housing and Urban-Rural Development, stated at a press conference held by the State Council Information Office that during the 15th Five-Year Plan period, 115,000 old urban residential communities will be newly renovated nationwide, 5,000 communities will undergo complete community construction and renovation, and 575,000 residential elevators will be updated and installed.Bank of Japan: CPI has risen moderately recently, remaining in the 1.5%-2.0% range.Bank of Japan: Despite some signs of weakness, the Japanese economy has recovered moderately.On September 18th, Zhang Xuetao, Director of the Real Estate Market Supervision Department of the Ministry of Housing and Urban-Rural Development, stated at a press conference held by the State Council Information Office that during the 15th Five-Year Plan period, efforts will be made to improve the quality and efficiency of housing provident fund management and services. This will be achieved through digital empowerment, simplifying housing provident fund withdrawal procedures, shortening loan processing times, promoting mutual recognition and trust of contribution records nationwide, and facilitating the efficient handling of housing provident fund transfers, inter-city loans, and other related services.Bank of Japan policy board member Toshiro Asada: The recent CPI (excluding fresh food) growth rate is below 2%, so it cannot be simply said that the economic situation is strong.

Stock Markets Eagerly Await Jobs Number

Skylar Shaw

Apr 01, 2022 11:34

S&P 500 Technical Analysis

As we anticipate the jobs report, the S&P 500 has fluctuated throughout the trading session on Thursday. Having said that, the market is a little overbought at this moment, so I wouldn't be surprised if we saw a downturn. 


The 4500 level, of course, would be a focus for many traders, since it is a large, round, psychologically significant figure, as well as the place where the 50 Day EMA is racing towards.


The 200 Day EMA is slightly below the 4400 level, so it could provide some support as well.


Remember that because the US indices are market cap-weighted, they are not designed to fall for long periods of time, thus you must exercise extreme caution when attempting to short the market. On Friday, the employment report will cause a lot of volatility in the market, so you should be wary about taking any large positions.


When I look at this chart, I can't see anything other than a bit of an overstretched state, so a pullback could provide some value, which the market urgently needs right now. The market will continue to be extremely volatile, but I believe that we will finally move higher due to Wall Street's assumption that the Federal Reserve would bail them out. Whether or not that is the case is debatable, but it appears that Wall Street believes we will continue to rise in the long run.

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