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On April 20th, iQiyi announced that over 100 artists had agreed to join its professional-grade film and television production platform, NaDou Pro, in its artist database. This announcement quickly propelled "iQiyi is going crazy" to the top of Weibos trending topics. Users questioned whether the platform had generated AI video content without the artists AI authorization, and several artists denied signing any AI-related authorizations. This afternoon, iQiyi CEO Gong Yu responded to the controversy, stating that the artists listed in iQiyis NaDou artist database only expressed interest in participating in AI production; they had not actually agreed to participate in any specific AI project. Furthermore, the database did not include artists like Zhang Ruoyun and Yu Hewei, as mentioned by some media outlets. He explained that iQiyi NaDou Pros business model aims to seamlessly transfer the relationships between real-world artist management companies and production projects to AI production, giving artists decision-making power over their roles in projects.Deutsche Bank CEO and Chairman of the German Banking Association, Sewing: If the war with Iran continues, the German economy may experience another year of stagnation.According to the Shanghai Stock Exchange website, the IPO review status of Chongqing Zhenbao Technology Co., Ltd. has changed to registration effective.Deutsche Bank CEO and Chairman of the German Banking Association, Sewing: Energy prices will remain high.April 20th - The European Union will propose measures to optimize the allocation of aviation fuel among member states and assist in finding alternative supply sources. Draft documents indicate that the European Commission will announce these measures on Wednesday, with the earliest possible release next month. The EU relies on imports for approximately 40% of its aviation fuel, half of which is imported via the Strait of Hormuz. While the EU expects sufficient aviation fuel in April to avoid shortages, supply pressures will intensify as the closure of key air routes extends. KLM Royal Dutch Airlines announced last week that it will cancel 80 flights to and from Amsterdam Schiphol Airport over the next month due to rising costs.

Trade Through 13583.75 Changes Minor Trend to Up in E-mini NASDAQ-100

Cameron Murphy

Apr 29, 2022 10:10

Investors followed the wave produced by excellent Meta Platforms results, sending June E-mini NASDAQ-100 Index futures up just after the mid-session on Thursday. The rally expanded to damaged technology and growth sectors, easing concerns about a U.S. economic slowdown in the first quarter.


June E-mini NASDAQ-100 Index futures are trading at 13399.75, up 390.75 or +3.00 percent, as of 18:04 GMT. The Invesco QQQ Trust ETF (QQQ) is now trading at $327.55, up $10.79 or 3.41%.

News on the stock market

The parent company of Facebook surged 14.3% after reporting a better-than-expected earnings and seeing user growth on the social-networking site.


Apple Inc, the world's most valuable corporation, and Amazon.com Inc, the world's largest e-commerce firm, both surged more than 2% ahead of their results later in the day.

Economic News from the United States

After growing at a 6.9% annualized pace in the fourth quarter, gross domestic product declined at a 1.4 percent annualized rate in the first quarter, according to a report from the US Commerce Department. The economy was expected to expand at a pace of 1.1 percent, according to economists surveyed by Reuters.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. The return of the downturn will be signaled by a transaction through 12801.50. The major trend will turn to up if the price breaks over 14298.00.


The minor trend is similarly in the negative direction. The minor trend will be changed to up if a transaction is made through 13583.75. This will cause the momentum to move upward.


13583.75 to 12801.50 is the minor range. It is now trading around 13192.50, which represents support, on the strong side of its pivot.


15268.75 to 12801.50 is the short-term range. If the minor trend reverses, the retracement zone between 14035.25 and 14326.25 will be the next upward target.

Technical Forecast for the Daily Swing Chart

Trader response to 13192.50 will influence the direction of the June E-mini NASDAQ-100 Index into Thursday's closing.

Possibilities for Growth

The presence of buyers will be shown by a persistent advance over 13192.75. The minor peak at 13583.75 is the next goal. If this level is broken, the minor trend will shift to the upside, providing the impetus required to attack the short-term 50% level at 14035.25.

Scenario that is bearish

The presence of selling will be signaled by a prolonged move below 13192.75. This might lead to a retest of the low of the week, which was 12801.50. If this price fails, expect the selling to continue into the primary bottom at 12179.50 on March 5, 2021.

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