U.S. Stocks
Fundamental Analysis:
U.S. Wall Street stocks closed sharply lower on Monday, 11th April 2022, to start the week, showing risk aversion and rising U.S. bond yields weighing on market-leading growth stocks.
Key U.S. inflation data will be out later this week, so there is the possibility of bulls taking profits.
Against this backdrop, all three major U.S. stock indexes ended sharply lower, with technology and technology-related stocks dragging the Nasdaq down sharply by 2.2%.
Technical Analysis:
(Dow 30, 1-hour chart)
Execution Insight:
The Dow focuses on the 34477-line today. If the Dow runs stably above the 34477-line, it will pay attention to the suppression of the 34724 and 34990 positions. If the Dow breaks below the 34477-line, it will pay attention to the support strength of the 34221 and 33811 positions.
Hong Kong Stocks
Fundamental Analysis:
Benefiting from the positive news overnight, the People’s Bank of China released the first quarter financial data on Monday evening (11th April 2022), exceeding market expectations.
New RMB loans in March were 3.13 trillion yuan, an increase of 395.1 billion yuan year-on-year. The increase in social financing scale in March was 4.65 trillion yuan, an increase of 1.27 trillion yuan year-on-year.
During this interval, the Hong Kong stock market opened collectively higher in early trading, but the follow-up was weak, and the gains narrowed. With this, the major indices turned green in the latter part of the morning session.
At the close of the morning session, the Hang Seng Index (HSI) was down 0.50% at 21102.21 points, the Hang Seng TECH Index (HSTECH) was down 0.81% at 4157.07 points, while the Hang Seng China Enterprises Index (HSCEI)was down 0.61% at 7164.56 points.
Technical Analysis:
(HK50, 1-hour chart)
Execution Insight:
HK50 Index focuses on the 22127-line today. If HK50 can run stably below the 22127-line, then pay attention to the support strength of 21450 and 20467. If HK50 runs above the 22127-line, then pay attention to the suppression strength of 22785 and 23294.
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 strength of the 13157 and 12733 positions. If the A50 runs above the 13983-line, it will open up further upward space. At that time, pay attention to the suppression of the 14669-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.
