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According to the Financial Times, the US has restricted the timeframe for air defense operations to allow oil tankers to pass through the Strait of Hormuz.September 12th - The State Council Information Office will hold a press conference on the theme of "Starting the 15th Five-Year Plan" at 10:00 AM on Monday, September 14th, 2026. Lei Haichao, Director of the National Health Commission; Liu Jinfeng, Vice Director of the National Health Commission and Director of the State Administration of Traditional Chinese Medicine; Shen Hongbing, Vice Director of the National Health Commission and Director of the National Center for Disease Control and Prevention; and Guo Yanhong, Spokesperson and Vice Director of the National Health Commission, will introduce the decisive progress made in promoting the construction of a Healthy China and answer questions from reporters.September 12th - Large-scale volcanic earthquakes continue to increase at Tokachi-dake in Hokkaido, Japan. At 9:30 AM local time today (September 12th), the Sapporo Meteorological Observatory issued a crater warning, raising the eruption alert level from 2 to 3, and urging vigilance for large rock eruptions within approximately 3 kilometers of the crater. According to the Sapporo District Meteorological Observatory, large-amplitude volcanic earthquakes at Tokachi-dake have been increasing since September 17th, and around 8:20 AM today, a series of the largest volcanic earthquakes observed were recorded. Since March of this year, there have been continuous crustal movements indicating expansion deep within the mountain; since April, volcanic gas emissions have also increased, indicating increasingly active volcanoes, with a small eruption occurring in July.On September 12th, at the opening ceremony of the 2026 Pujiang Innovation Forum, the 2025 Directory of World-Class Scientific Journals was officially released. Based on the World Science Citation Database and the evaluation index system for world-class scientific journals, the China Institute of Scientific and Technical Information, in conjunction with relevant research institutions, selected and compiled the 2025 Directory of World-Class Scientific Journals, which includes 6,132 scientific journals from 55 countries and regions worldwide, covering 23 languages. Among them, 353 journals are from China.On September 12th, at the opening ceremony of the 2026 Pujiang Innovation Forum held in Shanghai, the National Natural Science Foundation of China (NSFC) Yangtze River Delta Basic Research Joint Fund Major Project was officially launched. This is an important measure following the expansion of the Shanghai International Science and Technology Innovation Center to include the Shanghai (Yangtze River Delta) International Science and Technology Innovation Center. It is understood that the Joint Fund Major Project will address the major strategic needs of the Yangtze River Delta region, support application-oriented basic research, strengthen the principle of "industry posing questions, science and technology providing answers," and explore a collaborative mechanism among the three provinces and one municipality of "unified funding, joint question setting, joint management, and joint answers to the same questions."

Forming Potentially Bearish Reversal Top

Cory Russell

Jul 25, 2022 15:22

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Late in the trading day on Friday, September E-mini Dow Jones Industrial Average futures are trading lower after giving up previous gains. The blue chip Dow had a sharp decline as the S&P 500 Index and NASDAQ Composite Index experienced a sharp decline as technology equities fell as a result of disappointing earnings results from Snap and Twitter.


September E-mini Dow Jones Industrial Average futures are trading at 31772, down 235 points or 0.73 percent, as of 17:53 GMT. From an intraday high of 32193, this is now lower. The SPDR Dow Jones Industrial Average ETF (DIA) is down $1.33 or 0.41 percent, trading at $319.08 today.


In stock-related news, shares of Intel Corp. and Verizon Communications are both down close to 3.5 percent. Apple is down over 1.0 percent, while Microsoft is down more than 1.5 percent.


Procter & Gamble and American Express are the only companies outperforming the market, both up by about 2.0%.

Economic Information Influences Attitude

Following the publication of additional discouraging economic statistics, doubts about the status of the American economy as well as concerns about profits affected confidence.


The U.S. PMI Composite output index, which analyzes activity in both the manufacturing and service sectors, recorded a preliminary value of 47.5, which indicates declining economic production. The index has not been at that level for more than two years.

Swing Chart Technical Analysis for the Day

The daily swing chart indicates that the overall trend is upward, but the price action in the late session indicates that momentum may be changing to the negative.


A transaction through 32193 will indicate that the uptrend has resumed. If 30109 is crossed, the primary trend will shift to being downward.


Smaller trend is similarly upward. The minor trend will turn downward if there is a trade through 31504. The downward momentum will change as a result.

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