U.S. Stocks
Fundamental Analysis:
U.S. stocks fell on Friday, 4th March 2022, with the S&P 500 Index down by 0.8%, as increased concerns about the risk of war between Russia and Ukraine sparked global market turmoil.
Crude oil topped $115 per barrel as the U.S. is considering a ban on imports of Russian crude.
The S&P 500 fell for the fourth time in five days as commodities posted their biggest one-week gain since 1974. At the same time, S&P Dow Jones Indices joined other global index compilers that will remove Russian stocks from their indexes.
Three Russian-focused ETFs suspended trading on Friday, a move the NYSE said was based on “regulatory concerns,” and JPMorgan Chase warned that the Russian economy will face a collapse similar to or worse than 1998.
On the other hand, the sharp increase in February U.S. non-farm payrolls indicates strong labor market conditions that could help the Federal Reserve implement a rate hike this month, while wage growth slowed, easing some inflationary pressures.
Technical Analysis:
(Dow 30, 1-hour chart)
Execution Insight:
The Dow focuses on the 33233-line today. If the Dow runs stably above the 33233-line, it will pay attention to the suppression of the 34088 and 34477 positions. If the Dow breaks below the 33233-line, it will pay attention to the support strength of the 32781 and 32455 positions.
Hong Kong Stocks
Fundamental Analysis:
The Hong Kong stock market fell collectively in early trading, of which the technology index and the Hang Seng Index fell more significantly, and it was down by 3.62% and 3.31% respectively.
Due to the support of safe-haven demand, the gold sector was not affected by it, and related stocks rose sharply.
The Hang Seng Index (HSI) fell by 3.34% to 21,172.99 points, while the Hang Seng TECH Index (HSTECH) and Hang Seng China Enterprises Index (HSCEI) lost 3.75% and 3.19% respectively.
Technical Analysis:
(HK50, 1-hour chart)
Execution Insight:
HK50 Index focuses on the 22785-line today. If HK50 can run stably below the 22785-line, then pay attention to the support of the 20467-line. If the HK50 rebounds above the 22785-line, then pay attention to the suppression strength of the 23294 and 23818 positions.
FTSE China A50 Index
Technical Analysis:
(FTSE China A50, 1-hour chart)
Execution Insight:
FTSE China A50 pays attention to the suppression strength of the 15184-line today. If the A50 runs steadily below the 14669-line, then pay attention to the support strength of the two positions of 13983 and 13371. If the A50 strength breaks through the 14669-line, it will open up further upward trend. At that time, pay attention to the suppression strength of the 15184-line.
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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.
