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On April 20th, Huawei officially launched its first ultra-wide folding smartphone, the Huawei Pura X Max. The entire series is equipped with the Kirin 9030 Pro chip, HarmonyOS 6.1 operating system, and a Lingxi CPU paired with the Ark Memory Engine. Huawei claims this improves overall performance by 30%.Huawei Terminal: The number of terminal devices supporting HarmonyOS 6 has exceeded 55 million.A senior Iranian source said that Irans "defense capabilities," including its missile program, are not within the scope of negotiations.On April 20, Foreign Ministry Spokesperson Guo Jia-kun held a regular press conference. On the afternoon of April 19, 36,000 people in Japan rallied around the Diet building to strongly protest the Takaichi Sanae governments attempt to amend the constitution. Protesters held signs reading "Oppose War," "Dont Violate Article 9 of the Constitution," and "Takaichi Resign," calling for the protection of the pacifist constitution. What is the spokespersons comment on this? Guo Jia-kun responded: "We have also noticed that Japans constitutional amendment movement has aroused increasing doubt and opposition within Japan, among its Asian neighbors, and in the international community." Guo Jia-kun pointed out that Japanese militarism committed atrocities against the people of China and other Asian countries, and also brought profound suffering to the Japanese people. Therefore, the issue of Japanese constitutional amendment concerns the post-war international order and Japans future, and has always received high attention from the international community and its Asian neighbors. However, Japan has so far failed to deeply and thoroughly reflect on its history of aggression, and some forces are even attempting to glorify and whitewash its crimes of aggression, pushing Japan to accelerate its "remilitarization," leading to the rise of a new type of militarism that threatens regional peace and stability. The international community should be highly vigilant about this. "Preventing the resurgence of militarism is Japans due obligation and the firm will of the international community, including China. We urge Japan to learn from history, abide by its international obligations, and adhere to the path of peaceful development," Guo Jiakun said.Iranian Foreign Ministry spokesman Bagaei: There are currently no plans for a second round of negotiations with the United States.

S&P 500 & Nasdaq 100 Stumbling on The Edge of a Cliff

Skylar Shaw

May 09, 2022 10:53


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The monthly US Jobs Report (NFP) will be announced at 12:30 UK today, with the market expecting 391k new jobs in April, down from 431k in March. The unemployment rate is expected to fall to 3.5 percent, while average hourly earnings are expected to stay constant at 0.4 percent month over month. The US employment market is strong, and unless today's news disappoints, traders will continue to price in higher US interest rates, keeping the US dollar bought. Both John Williams and Raphael Bostic of the Federal Reserve will talk later today, and they may provide some further insight on the FOMC decision on Wednesday.

 

The 500 chart demonstrates how technical analysis may be useful even in turbulent times. The bullish hammer candle we saw on Monday led to a big comeback until yesterday's sell-off, while the resistance zone we saw around 4,300–4,310 maintained on Wednesday and Thursday. If 4,060 holds, the S&P 500 will have a chance to rebound in the near term; otherwise, 4,035 will come into play quite rapidly. Any efforts to go higher should be met with resistance in the 4,300–4,310 range. Volatility is still at an all-time high.

 

According to retail trader statistics, 68.09 percent of traders are net-long, with a long-to-short ratio of 2.13 to 1. The number of traders who are net-long is up 18.01 percent from yesterday and up 16.33 percent from last week, while those who are net-short is down 26.33 percent from yesterday and 14.60 percent from last week.


We usually take the other side of popular mood, and the fact that traders are net-long signals that the US 500 will continue to decline. Traders are more net-long today than they were yesterday and last week, and the combination of current mood and previous movements gives us a greater contrarian trading bias in the US 500.

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