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The Hang Seng Tech Index fell further to 1%; Baidu (09888.HK) opened lower and has now fallen to 5%.On July 14th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.3500%, and the lowest was 0.7850%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0280%, and the lowest was 0.8450%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.0200%, and the lowest was 0.9390%.The Peoples Bank of China (PBOC) announced today that it conducted 236.5 billion yuan of 7-day reverse repurchase operations, with both the bid and winning bids amounting to 236.5 billion yuan. The operating rate was 1.40%, unchanged from the previous rate.On Tuesday, July 14, the Hang Seng Index opened down 32.2 points, or 0.13%, at 24,181.52; the Hang Seng Tech Index opened down 11.82 points, or 0.25%, at 4,664.61; the H-share Index opened down 0.81 points, or 0.01%, at 8,065.16; and the Red Chip Index opened up 3.32 points, or 0.09%, at 3,886.36.July 14th Futures News: According to JLC Networks calculations, as of the seventh working day on July 14th, the change rate was 1.49%, with the average price of benchmark crude oil at $73.56/barrel. Domestic gasoline and diesel prices should increase by 80 yuan/ton. The price adjustment window for this round is at 24:00 on July 17th. 1. Shandong Local Refineries: Yesterday, market participants willingness to buy decreased, and local refineries did not achieve production and sales balance for gasoline and diesel. However, the sharp rise in international crude oil prices provided a strong boost, supporting local refineries to actively push up prices today. The increase in refined oil prices may be concentrated around 100 yuan/ton. 2. East China: On Tuesday, crude oil prices rose sharply, and positive news boosted the oil market. It is expected that the prices of gasoline and diesel from major oil companies in East China will rise accordingly today, with discounts tightening. Market participants are stocking up as needed, improving the markets buying and selling atmosphere. 3. South China: On Tuesday, international crude oil prices closed significantly higher, supported by positive news. It is expected that gasoline and diesel prices in South China will maintain an upward trend today, with end-user companies and traders making moderate purchases, improving market trading activity. 4. North China: On Tuesday, international oil prices rose significantly overnight, with news pointing in a more favorable direction. It is expected that gasoline and diesel prices in the region will continue to rise, with preferential policies tightening. Considering the continued weakness in demand, market trading activity is cautiously improving. 5. Central China: On Tuesday, crude oil prices surged, boosted by positive news. It is expected that gasoline and diesel prices in Central China will continue to rise today. Market sentiment has improved, with buyers purchasing only as needed while depleting inventory, resulting in a moderately positive market trading activity.

Stock Markets Continue to Put Up a Fight

Cory Russell

Jul 13, 2022 16:12

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The S&P 500 initially fell during the trading session on Tuesday but turned around to show signs of life.

Technical Analysis of the S&P 500

The S&P 500 has decreased significantly during Tuesday's trading session as a result of the ongoing disruptive behavior. At this time, it seems as if the market could attempt to rise, but before I consider a rally seriously, we would need to break above the 50 Day EMA. Beyond that, there is also the 4000 level, which has a significant psychological component, and the 4200 level, which has very strong structural resistance.


Alternatively, if we go below the candlestick's bottom during Tuesday's trading session, we might pass through the 3800 level and then fall considerably more. Given enough time, I believe that will happen more often than not, but at the moment, it seems like we are just passing the time and attempting to decide what to do next. It's also important to note that the general economic picture hasn't altered significantly and that all of the impulsive swings have been downward with the rare recovery.

 

Since most traders are ill-equipped to operate in a situation where businesses must really create in order to be rewarded in the market, it seems obvious that equities will continue to lose money as inflation and monetary tightening increase. Because the way the markets work is about to undergo a significant change, I would anticipate quite a bit of erratic behavior over the next several months. I'll still be playing this market by fading rallies.

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