U.S. Stocks
Fundamental Analysis:
U.S. stocks fell on Friday, 18th February 2022, hitting a near three-week low, as bonds rose at the end of a tense and uncomfortable week.
Tensions between Western countries and Russia, as well as concerns over the Federal Reserve’s next policy steps, weighed on market movements during the week.
With this, the stock market’s volatility increased near the close on Friday, with volatility fueled by the expiration of $2.2 trillion in options on Friday.
The S&P 500 turned higher for a time, but then resumed its decline, with technology, energy and industrial stocks all dragging down the index’s performance.
In addition, traders also reduced risk positions before the U.S. holiday on Monday. The Nasdaq Composite Index formed a “death cross”, a past appearance of this technical formation sometimes indicates that the market will be further weakened.
Technical Analysis:
(Dow 30, 1-hour chart)
Execution Insight:
The Dow focuses on the support of the 33811-line today. If the Dow runs steadily above the 33811-line, it will pay attention to the suppression of the 34477 and 34724 positions. If the Dow breaks below the 33811-line, it will pay attention to the support strength of the 33390 and 33233 positions.
Hong Kong Stocks
Fundamental Analysis:
In early trading today, the Hang Seng Index (HSI) opened lower, and then the decline narrowed. As of midday, the Hang Seng Index (HSI) fell by 0.71% to 24,155.05 points, the Hang Seng China Enterprises Index (HSCEI) fell by 0.84%, while the Hang Seng China-Affiliated Corporations (Red Chip) Index (HSCCI) fell by 0.07%.
The Hang Seng TECH Index (HSTECH) fell by 1.4%, Meituan (3690.HK) fell by more than 1%, once rising by more than 3%, while Weimob Inc. (2013.HK), JD Health International Inc. (6618.HK), etc. fell by more than 6%.
Simultaneously, Autohome Inc. (2518.HK) fell by nearly 5%, Baidu, Inc. (9888.HK), Alibaba Group Holding Limited (9988.HK), and BILIBILI-SW (9626.HK) fell by more than 3%, as Kuaishou Technology (1024.HK) and Tencent Holdings Limited (0700.HK) fell by nearly 3%.
Mainland China real estate stocks fell sharply, with Zhenro Properties Group Limited (6158.HK) falling by 12.64%, while Sunac China Holdings Limited (1918.HK) fell by more than 10%.
On the other end, Lenovo Group Limited (0992.HK) rose by 6.6%, and SenseTime Group Inc. (0020.HK) rose by more than 8%.
At today’s opening, Meituan opened by 5% lower. After that, it rose by more than 3% and fell by more than 1% at midday, with a quotation of HK$185.9.
Technical Analysis:
(HK50, 1-hour chart)
Execution Insight:
HK50 Index focuses on the 25160-line today. If HK50 can run stably below the 25160-line, then pay attention to the support strength of the 23818 and 23294 positions. If the HK50 runs above the 25160-line, then pay attention to the suppression of the 25816-line.
FTSE China A50 Index
Technical Analysis:
(FTSE China A50, 1-hour chart)
Execution Insight:
FTSE China A50 pays attention to the support strength of the 14669-line today. If the A50 runs stably above the 14669-line, the top will pay attention to the suppression strength of the two positions of 15184 and 15666. If the A50 strength breaks below the 14669-line, it will open up further downside trend. At that time, pay attention to the 13983-line of support.
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Disclaimer
While every effort has been made to ensure the accuracy of the information in this document, DOO Prime does not warrant or guarantee the accuracy, completeness or reliability of this information. DOO Prime does not accept responsibility for any losses or damages arising directly or indirectly, from the use of this document. The material contained in this document is provided solely for general information and educational purposes and is not and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, securities, futures, options, bonds or any other relevant financial instruments or investments. Nothing in this document should be taken as making any recommendations or providing any investment or other advice with respect to the purchase, sale or other disposition of financial instruments, any related products or any other products, securities or investments. Trading involves risk and you are advised to exercise caution in relation to the report. Before making any investment decision, prospective investors should seek advice from their own financial advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.
