U.S. Stocks
Fundamental Analysis:
The three major U.S. stock indexes collectively closed lower on Tuesday, 8th March 2022, with the Dow down by 0.57%, the S&P 500 down by 0.73% and the Nasdaq down by 0.28%.
Energy stocks surged, with many of their constituent stocks rising. On the news, the U.S. banned some imports of oil, natural gas and coal.
At the same time, Apple held its spring launch, and Tesla CEO Elon Musk today asked a judge to terminate a 2018 agreement that he made with the SEC.
Technical Analysis:
(Dow 30, 1-hour chart)
Execution Insight:
The Dow focuses on the 32380-line today. If the Dow runs stably above the 32380-line, it will pay attention to the suppression of the 32975 and 33390 positions. If the Dow breaks below the 32380-line, it will pay attention to the support strength of the 32083 and 31661 positions.
Hong Kong Stocks
Fundamental Analysis:
Hong Kong stocks opened collectively higher, the Hang Seng Index (HSI) rose by 0.26%, the Hang Seng China Enterprises Index (HSCEI) rose by 0.58%, and the Hang Seng TECH Index (HSTECH) rose by 1.13%.
On the market, large technology stocks rebounded, NetEase, Inc. (9999.HK) rose more than 3%, Meituan (3690.HK) rose by 2.47%, Baidu, Inc. (9888.HK), and Xiaomi Corporation (1810.HK) rose by more than 1%.
Yesterday’s plunge in F&B stocks rebounded, with Tingyi (Cayman Islands) Holding Corp. (0322.HK) opened more than 6% higher.
Sectors including photovoltaic, home appliance, and most of the real estate stocks rose, while Semiconductor Manufacturing International Corporation (0981.HK) opened by 3.7% higher after the results.
On the other hand, biotech stocks were the top in declines, non-ferrous metals continued to pull back, with Aluminum Corporation of China Limited (2600.HK) down by 2.56%. Sporting goods stocks, large financial stocks, and oil stocks fell in general.
Technical Analysis:
(HK50, 1-hour chart)
Execution Insight:
HK50 Index focuses on the 21450-line today. If HK50 can run stably below the 21450-line, then pay attention to the support strength of the two positions of 20467 and 19517. If the HK50 rebounds above the 21450-line, then pay attention to the suppression strength of the 22785-line.
FTSE China A50 Index
Technical Analysis:
(FTSE China A50, 1-hour chart)
Execution Insight:
FTSE China A50 pays attention to the 13983-line today. If the A50 runs steadily below the 13983-line, pay attention to the support of the 13371-line. If the A50 breaks above the 13983-line, it will open up further upward trend. At that time, pay attention to the suppression strength of the 14669 and 15184 positions.
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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.
