U.S. Stocks
Fundamental Analysis:
Major U.S. stock indexes closed lower Friday, 11th March 2022, led by technology and growth stocks, as investors worried about the conflict in Ukraine and turned attention to the Federal Reserve’s policy meeting next week.
Stocks opened higher on the last trading day of a volatile week after Russian President Vladimir Putin said there had been “some positive shifts” in talks with Ukraine, without providing any details, but the rally then faded.
After Wednesday’s (9th March 2022) rally, there is still too much uncertainty in the market, which has been moving hard the past few Mondays, so some profit-taking took place on Friday.
The sell-off was i was exacerbated by concerns over the Russia-Ukraine crisis. The sell-off was initially sparked by concerns that the Federal Reserve will tighten monetary policy this year to fight inflation, causing bond yields to move higher.
During this interval, the S&P 500 is down by 11.8% in 2022.
Technical Analysis:
(Dow 30, 1-hour chart)
Execution Insight:
The Dow is focusing on the 32455-line today. If the Dow runs stably above the 32455-line, it will pay attention to the suppression strength of the 33233 and 33584 positions. If the Dow breaks below the 32455-line, it will pay attention to the support of the 32083-line.
Hong Kong Stocks
Fundamental Analysis:
The Hang Seng Index (HSI) opened low in the morning and fell by more than 600 points during the session. It hit the 20,000-point mark again after six years, and the cumulative decline in the year has been close to 15%.
As of press time, the Hang Seng Index (HSI) fell by 635.93 points or 3.09% to 19,917.86 points, with a market turnover of HK$63.114 billion.
In terms of blue chips stocks, Country Garden Services Holdings Company Limited (6098.HK) fell by 13.83% to HK$32.1, Sands China Ltd. (1928.HK) fell by 10% to HK$15.82, WuXi Biologics (Cayman) Inc. (2269.HK) fell by 9.3% to HK$48.3, Alibaba Group Holding Limited (9988.HK) fell by 7.05% to HK$84.35, while Tencent Holdings Limited (0700.HK) fell by 3.75% to HK$354.
Technical Analysis:
(HK50, 1-hour chart)
Execution Insight:
HK50 Index is focusing on the 20467-line today. If the HK50 can run stably above the 20467-line, then pay attention to the suppression of 21450 and 22127. If the HK50 runs below the 20467-line, then pay attention to the support of the 19517-line.
FTSE China A50 Index
Technical Analysis:
(FTSE China A50, 1-hour chart)
Execution Insight:
FTSE China A50 pays attention to the 13371-line today. If the A50 runs stably above the 13371-line, then pay attention to the suppression strength of the two positions of 13983 and 14669. If the A50 strength breaks below the 13371-line, it will open up further downward trend. At that time, pay attention to the support strength of the 12791-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.
