U.S. Stocks 

Fundamental Analysis: 

U.S. stocks rose strongly in early trading, with the Nasdaq once up more than 2%.

However, after two Fed officials successively indicated that the benchmark interest rate may exceed 5%, the strong gains of the three major indexes fell through, and the Dow and the S&P 500 finally closed slightly lower.

The market is generally pessimistic about the prospects for US economic growth, and the market’s corporate profit expectations for US stock companies are still too high.

Once a mild economic recession occurs, the S&P 500 index will fall far beyond the level of market expectations, about 22% lower than the current level.

As of the close, the Dow fell 112.96 points, or 0.34%, to 33517.65. The Nasdaq rose 66.36 points, or 0.63%, to 10635.65. The S&P 500 fell 2.99 points, or 0.08%, to 3892.09.

Most of the 11 sectors of the S&P 500 Index closed down. Among them, the health care sector fell 1.66%, the worst performance, the consumer goods sector fell 1.03%, the energy sector fell about 0.5%, and the financial and industrial sectors also fell more than 0.4%

Optional consumer, raw materials, utilities sector rose about 0.6%, information technology / technology sector rose about 1.1%.

U.S. sector ETFs closed mixed, led by the Global Airline ETF, which rose 1.63%.

The network stock index rose 1.40%, the global technology stock ETF rose 1.26% and the technology sector ETF rose 1.16%.

The Biotech Index fell 2.15% to the bottom of the pack, while the Healthcare ETF fell 1.67%. The Consumer Discretionary ETF fell 0.98%.

Technical Analysis:

(Dow 30, 1-hour chart) 

Execution Insight: 

The Dow pays attention to the 33390-line today. If the Dow runs stably above the 33390-line, then pay attention to the suppression strength of the 33584 and 33949 positions.

Hong Kong Stocks 

Fundamental Analysis: 

The three major indices of Hong Kong stocks performed weakly in the morning session.

The Hang Seng Index (HSI) once falling to 1% during the session and closing down 0.34% at noon. The Hang Seng China Enterprises Index (HSCEI) down 0.46% and the Hang Seng TECH Index (HSTECH) down 0.69%.

The half-day net southbound capital inflow was HK$1.975 billion, the market turnover was HK$72.9 billion.

On the market, the previous continuous rise in technology stocks retreated across the board. Bilibili Inc. (9626.HK) fell 4.6%, Kuaishou Technology (1024.HK) fell nearly 3%, NetEase, Inc. (9999.HK), Meituan (3690.HK), Xiaomi Corporation (1810.HK), Alibaba Group Holding Limited (9988.HK), Tencent Holdings Limited (0700.HK) are down.

Education stocks fell in front, film and entertainment stocks, paper stocks, domestic insurance stocks, port and shipping stocks, automotive stocks generally lower.

On the other hand, Apple concept stocks rose sharply, gambling stocks continue to rise, aviation stocks, aluminum stocks, pork concept stocks, biotechnology stocks are active, Shanghai Junshi Biosciences Co., Ltd. (1877.HK) up more than 6%.

Technical Analysis: 

(HK50, 1-hour chart) 

Execution Insight: 

HK50 pays attention to the 20467-line today. If HK50 can run stably above the 20467-line, then pay attention to the suppression strength of the two positions of 21450 and 22127.

FTSE China A50 Index 

Technical Analysis: 

(FTSE China A50, 1-hour chart) 

Execution Insight: 

FTSE China A50 pays attention to the 13339-line today. If A50 runs stably below the 13339-line, pay attention to the support strength of the 12900 and 12659 positions. If the A50 runs above the 13339-line, it will open up further upside space.

Risk Disclosure   
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