• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Iranian Foreign Minister: We are not prepared to give up our right to the peaceful use of nuclear energy.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 4.9 occurred near Haixi Prefecture, Qinghai Province at 07:18 on January 15. The final result is subject to the official rapid report.Iranian Foreign Minister: (When asked about the execution plan) There is absolutely no execution plan.The UK Foreign Office now advises against all travel to Israel except for essential travel.1. All three major U.S. stock indexes closed lower. The Dow Jones Industrial Average fell 0.09% to 49,149.63 points, the S&P 500 fell 0.53% to 6,926.6 points, and the Nasdaq Composite fell 1% to 23,471.75 points. Amazon and Microsoft fell more than 2%, leading the decline in the Dow. The Wind U.S. Tech Big Seven Index fell 1.32%, Facebook fell more than 2%, and Tesla fell nearly 2%. Chinese concept stocks were mixed, with Bitdeer rising more than 15% and Trip.com falling more than 17%. U.S. stocks recorded their second consecutive day of decline as traders digested the latest batch of bank and corporate earnings reports. 2. European stock indices closed mixed. The German DAX fell 0.53% to 25,286.24 points, the French CAC40 fell 0.19% to 8,330.97 points, and the UK FTSE 100 rose 0.46% to 10,184.35 points. Investors assessed corporate earnings reports and digested US inflation data. Meanwhile, significant differences in economic fundamentals across countries led the market to await further economic data, resulting in a cautious wait-and-see attitude. 3. US Treasury yields fell across the board. The 2-year Treasury yield fell 1.86 basis points to 3.510%, the 3-year yield fell 2.50 basis points to 3.561%, the 5-year yield fell 4.01 basis points to 3.712%, the 10-year yield fell 4.33 basis points to 4.132%, and the 30-year yield fell 5.07 basis points to 4.785%. 4. International precious metals futures generally closed higher. COMEX gold futures rose 0.76% to $4,633.90 per ounce, and COMEX silver futures rose 7.93% to $93.19 per ounce. Geopolitical tensions (military actions by several European countries in Greenland and strained US-Iran relations) boosted safe-haven demand. Uncertainty surrounding Federal Reserve policy and inflation concerns stemming from US economic data and tariff pressures also supported the rise in precious metals. 5. Most London base metals closed higher. LME tin rose 9.03% to $54,000.0 per tonne, LME nickel rose 6.24% to $18,785.0 per tonne, LME zinc rose 2.76% to $3,290.0 per tonne, LME lead rose 1.16% to $2,085.5 per tonne, LME copper rose 1.03% to $13,300.0 per tonne, and LME aluminum fell 0.25% to $3,189.5 per tonne. 6. The WTI crude oil futures contract closed up 0.15% at $61.02 per barrel; the Brent crude oil futures contract rose 0.08% to $65.52 per barrel.

Stock Markets Continue to Put Up a Fight

Cory Russell

Jul 13, 2022 16:12

微信截图_20220713160803.png


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.