The Dow closed at 35515.38-points last week, while the S&P 500 closed at 4468.00-points last Friday,13th August 2021, with both hitting new record highs.
The blue-chip Dow and S&P 500 rose slightly last week by 0.8% and 0.7% respectively. The technology-dominated Nasdaq, underperformed last week, falling slightly by less than 0.1%.
The yield on the benchmark 10-year U.S. Treasury note was last seen at 1.283%. In addition, bond yields have fallen as prices have risen.
Today, on Dow, pay attention to the 35346-line. Once the strength of Dow falls below the 35346-line, it will open up further downside potential. At that time, pay attention to the support of the 35110 and 34870 positions.
Hong Kong Stocks
In the morning, the main indexes of the Hong Kong stock market fluctuated and weakened.
As of press time, the Hang Seng Index fell by 0.2%, the Hang Seng China Enterprises Index (HSCEI) fell by 0.2%, and the Hang Seng Technology Index fell by 1.5%.
On the market, the Hang Seng Index’s blue-chip stocks were mixed, with China Resources Land Ltd. (1109.HK) rising by over 3%, Xinyi Solar Holdings Ltd. and Sunny Optical Technology (Group) Co. Ltd. falling by over 4%, with BYD falling by over 3%.
Most of the Hang Seng Technology Index constituent stocks fell. Bilibili Inc. -SW fell by more than 6%, NetEase Inc -S, Xiaomi Corporation -W, etc. fell by more than 1%. On top of that, ZhongAn Online P&C Insurance Co. Ltd rebounded by nearly 4%, while Lenovo Group Ltd. rose by more than 2%.
In terms of industry sectors, photovoltaic wind power, automobiles, and software technology stocks fell significantly. Whereas building materials, cement, beer, etc. rose slightly.
Today, on HK50, continue to focus on the 25816-line. If HK50 runs above the 25816-line, it will focus on the suppression of the 26535 and 26951 positions. If the strength of HK50 falls below the 25816-line, attention should be diverted to the support of the 25160-line.
FTSE China A50 Index
On A50, continue to pay attention to the 15666-line today. When A50 is above the 15666-line, the main idea is to maintain the bullish trend. At that time, pay attention to the suppression of the 16163 and 16442 positions. If A50 falls below the 15666-line, then pay attention to the support of the 15184-line.
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