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January 7th - Micron Technology announced the launch of the Micron 3610 NVMe SSD, its first PCIe® 5.0 QLC SSD for client computing. This product features a compact single-sided M.2 2230 form factor and is the worlds first to offer a 4TB capacity. The Micron 3610 SSD is currently being sampled to select OEM partners and is available in various form factors and capacities ranging from 1TB to 4TB.On January 7, Foreign Ministry Spokesperson Mao Ning held a regular press conference. A reporter asked about the USs forced detention of President Maduro and his wife. Mao Ning stated that China consistently opposes unilateral sanctions without a basis in international law or authorization from the UN Security Council, and opposes external forces interfering in Venezuelas internal affairs under any pretext. The USs forced detention of President Maduro and his wife clearly violates international law and the basic norms of international relations, as well as the purposes and principles of the UN Charter. China reiterates its call for the US to immediately release President Maduro and his wife and resolve the issue through dialogue and negotiation.Li Auto: 140 Li Auto Supercharging stations were launched in the first week of 2026, bringing the total number of stations launched to over 3,900. As of January 4, Li Auto Supercharging has been deployed in 286 cities across China.According to Reuters IFR, InnoLight Technology Inc. may submit its Hong Kong listing application as early as January.Baidus Carrot Express has obtained Dubais first fully driverless testing permit and will launch a local operations center.

Stock Markets Continue to Put Up a Fight

Cory Russell

Jul 18, 2022 15:12

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Weekly Technical Analysis for the S&P 500

The S&P 500 has declined considerably over the last week, but it's important to remember that the previous three candlesticks have all been hammers, which does indicate that a balance or perhaps a breakout to show signs of life is very approaching. Having said that, I believe the market will, more often than not, exhibit a scenario in which there will be a brief rebound and maybe a bid to test the 4200 level. If we could break through the 4200 level, which has served as a big area of resistance as well, the general trend would alter.


On the other side, this market is likely to crash very severely if we reverse course and break down below the 3640 level and, therefore, the 200 day EMA. Given everything being equal, I think this market is a touch oversold, so a little rebound makes some sense. The market will likely continue to be choppy and noisy, and you should be concerned about the fact that we are almost certainly heading into a recession, despite what some people on Wall Street would have you believe. Keep in mind that we are about to enter the earnings season, so you need to pay close attention to pre-market volatility.


In the end, I believe fading rallies will continue to be effective, but we must wait for those rallies to take place in order to get some opportunity and a better risk-to-reward ratio.

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