U.S. Stocks 

Fundamental Analysis: 

The S&P 500 index of U.S. stocks closed lower on Tuesday, 29th November 2022, with Apple and Amazon falling and Federal Reserve Chairman Jerome Powell about to give a speech that could give hints on the extent of future interest rate hikes.

Apple fell 2.1%, the fourth straight session of losses.

Powell will speak at an event at the Brookings Institution on Wednesday, on the outlook for the U.S. economy and labor market.

Investors will be looking for clues about when the Fed will slow the pace of aggressive rate hikes.

In November, the indicator S&P 500 is poised to rise for a second straight month, with bets that recent inflation data showing a slight cooling in prices will push the Fed to scale back rate hikes.

The Fed has raised rates four times in a row by 75 basis points and is expected to cut the rate hike to 50 basis points in December.

U.S. consumer confidence slipped further in November amid ongoing concerns about the rising cost of living, a survey showed Tuesday.

The S&P 500 index of energy stocks rose 1.3% as oil prices rose on expectations that Covid-19 controls will be eased but concerns that OPEC+ will keep production unchanged at an upcoming meeting limited gains.

Despite the S&P 500’s decline, the ratio of stocks up to down was 1.3:1. Three S&P 500 components hit new 52-week highs and two new lows; among Nasdaq components, 68 hit new highs and 183 hit new lows.

Technical Analysis:

(Dow 30, 1-hour chart) 

Execution Insight: 

The Dow today pays attention to the 33949-line. If the Dow runs stably above the 33949-line, then pay attention to the suppression strength of the 34221 and 34477 positions.

Hong Kong Stocks 

Fundamental Analysis: 

The three major indices in the morning session of Hong Kong stocks fluctuated slightly, following yesterday’s big gains after a slightly cautious mood.

The Hang Seng Index (HSI), rose 0.22%, the Hang Seng China Enterprises Index (HSCEI) fell 0.06% and the Hang Seng TECH Index (HSTECH) rose 0.01%.

The half-day net southbound capital inflow was HK$4.105 billion, the market turnover was HK$77.67 billion.

On the market, large technology stocks rose and fell. Xiaomi Corporation (1810.HK), Meituan (3690.HK), Baidu, Inc. (9888.HK) rose slightly, NetEase, Inc. (9999.HK) fell 2.5%, Tencent Holdings Limited (0700.HK), Alibaba Group Holding Limited (9988.HK), JD.com, Inc. (9618.HK) went lower, Bilibili Inc. (9626.HK) performance rose more than 11%.

News that prices will usher in a general increase in auto stocks collectively strong, Geely Automobile Holdings Limited (0175.HK), Great Wall Motor best performance.

Paper stocks, heavy machinery stocks, catering stocks, lithium battery stocks, lithium battery stocks, telecommunication stocks rose generally. 

On the other hand, yesterday’s big rise in domestic housing stocks and property management stocks most of the retreat, home appliances stocks, hand games stocks, semiconductor stocks weak performance.

Technical Analysis: 

(HK50, 1-hour chart) 

Execution Insight: 

HK50 pays attention to the 17535-line today. If HK50 can run stably above the 17535-line, then pay attention to the suppression strength of the two positions of 18606 and 19517.

FTSE China A50 Index 

Technical Analysis: 

(FTSE China A50, 1-hour chart) 

Execution Insight: 

FTSE China A50 pays attention to the 12659-line today. If A50 runs stably below the 12659-line, pay attention to the support strength of the two positions of 12273 and 11955. If A50 runs above the 12659-line, it will open up further upside space.

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