U.S. Stocks 

Fundamental Analysis: 

U.S. stocks closed lower on Monday, 18th July 2022, after bank stocks gave back earlier gains. Plus, Apple fell on a report that the company plans to slow hiring and spending growth next year.

S&P financials began the day lower after having gained strongly earlier in the session after Bank of America and Goldman Sachs reported results.

Apple reversed its intraday gains to close down 2.1% at $147.1.

Earlier, Bloomberg News reported, citing people familiar with the matter, that Apple intends to slow hiring and spending growth in some divisions next year in response to a potential economic downturn.

Goldman Sachs rose 2.5% after the company reported a smaller-than-expected 48% drop in second-quarter profit, helped by a strong fixed-income trading unit.

Technical Analysis: 

(Dow 30, 1-hour chart) 

Execution Insight: 

The Dow is concerned about the 31000-line today. If the Dow is running steadily above the 31000-line, then it will pay attention to the suppression strength of the two positions of 31291 and 31661.

Hong Kong Stocks 

Fundamental Analysis: 

Hang Seng Index (HSI), and Hang Seng TECH Index (HSTECH) are down more than 1%.

Techtronic Industries Company Limited (0669.HK) fell more than 4% and lead the decline of blue chips.

Auto stocks are collectively lower, XPeng Inc. (9868.HK) fell nearly 6%, Great Wall Motor Company Limited (2333.HK), and NIO Inc. (9866.HK) fell more than 2%, Geely Automobile Holdings Limited (0175.HK) fell 1.78%.

On 19th July 2022, the Hong Kong dollar exchange rate in the New York trading session continued to touch 7.85 weak exchange level. The Hong Kong Monetary Authority under the linked exchange rate mechanism, announced this morning that it would undertake a sell order of 8.07 billion Hong Kong dollar.

The total balance of the Hong Kong banking system will fall to 1909.43 after 21st July 2022. Since the early morning of 12th May 2022, the Hong Kong Monetary Authority has received money 20 times, with a total of 146.537 billion Hong Kong dollars.

Technical Analysis: 

(HK50, 1-hour chart) 

Execution Insight: 

HK50 focuses on the 21450-line today. If HK50 can run stably above the 21450-line, then pay attention to the suppression strength of 22127 and 22785. If HK50 runs below the 21450-line, then pay attention to the support strength of 20467 and 19517.

FTSE China A50 Index 

Technical Analysis: 

(FTSE China A50, 1-hour chart) 

Execution Insight: 

FTSE China A50 focuses on the 14352-line today. If the A50 runs stably below the 14352-line, it will pay attention to the support strength of the two positions of 13970 and 13544. If the A50 runs above the 14352-line, it will open up further upward space. At that time, pay attention to the two positions of 14695 and 14985.

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