U.S. Stocks 

Fundamental Analysis: 

The major U.S. stock market indexes closed lower on Monday, 30th January 2023, dragged down by declines in technology stocks and other large-cap stocks as investors await major events such as a meeting of major central banks and a series of earnings reports later in the week.

The heavily weighted technology sector fell 1.9% and the energy sector fell 2.3%, the biggest decline in the S&P 500.

This week, more than 100 S&P 500 component companies are expected to report results, the Federal Reserve, the European Central Bank, and the Bank of England will meet, and closely watched U.S. employment data will also be released.

The Fed is expected to raise the federal funds rate by 25 basis points at the end of a two-day policy meeting on Wednesday, preceded by an aggressive increase in 2022 to rein in soaring inflation.

Fed Chairman Jerome Powell’s news conference will be anticipated for signs that the rate hike cycle may be coming to an end and how long high rates may remain.

Technical Analysis:

(Dow 30, 1-hour chart) 

Execution Insight: 

The Dow pays attention to the 33584-line today. If the Dow runs stably above the 33584-line, then pay attention to the suppression strength of the 33949 and 34221 positions.

Hong Kong Stocks 

Fundamental Analysis: 

The pressure of the “Super Central Bank Week” appeared, and the three major U.S. stock indexes collectively weakened overnight.

On 31st January 2023, Hong Kong stocks were not affected by the decline in U.S. stocks. The three major indexes opened higher collectively.

The Hang Seng Index (HSI) rose 0.55% to 22190.27 points, the the Hang Seng TECH Index (HSTECH) rose 0.76% to 4614.81 points, and the Hang Seng China Enterprises Index (HSCEI) rose 0.74% to 7551.42 points.

On the market, most of the large technology stocks that retreated yesterday rose. Meituan (3690.HK), NetEase, Inc. (9999.HK), Baidu, Inc. (9888.HK) rose more than 1%, Alibaba Group Holding Limited (9988.HK), JD.com, Inc. (9618.HK), and Xiaomi Corporation (1810.HK) are up.

Catering stocks and sporting goods stocks that led the decline yesterday generally rose.

Silver stocks, gas stocks, domestic insurance stocks, and auto stocks rose one after another, and BYD Company Limited (1211.HK) shares opened 3% higher after the results.

On the other hand, film and entertainment stocks continue to fall, biotechnology stocks fell, and CARsgen Therapeutics Holdings Limited (2171.HK) fell more than 3%.

Technical Analysis: 

(HK50, 1-hour chart) 

Execution Insight: 

HK50 pays attention to the 22127-line today. If HK50 can run stably above the 22127-line, then pay attention to the suppression strength of the two positions 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 14371-line today. If A50 can run stably above the 14371-line, then pay attention to the suppression strength of the 14695 and 14985 positions.

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