U.S. Stocks 

Fundamental Analysis: 

U.S. stocks rose on Friday, 27th January 2023, after a shaky move last week, with economic data and corporate earnings estimates suggesting weak demand but also showing resilience ahead of this week’s Federal Reserve monetary policy meeting.

All three major U.S. stock indexes closed higher, with the Nasdaq gaining the most, driven by large-cap stocks.

The S&P 500 and the Dow Jones Industrial Average posted their third weekly gains in four weeks last week, while the tech-heavy Nasdaq posted its fourth consecutive weekly gain.

So far this year, the Nasdaq has jumped 11%, while the S&P 500 and Dow are up 6% and 2.5%, respectively.

The fourth-quarter earnings season is in full swing, with 143 companies in the S&P 500 already reporting quarterly results.

According to Lufthansa, 67.8% of these companies beat market expectations, slightly better than the long-term average of 66%, but well below the 76% rate of the past four quarters.

The market now sees total quarterly earnings for the S&P 500 down 2.9% year-over-year, compared with a more modest 1.6% annual decline in the 1st January 2023 estimate.

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: 

Hong Kong stocks rose sharply in two trading days last week. Today, the three major indexes of Hong Kong stocks opened lower collectively.

The Hang Seng Index (HSI) fell 0.48%, at 22579.88 points, the Hang Seng TECH Index (HSTECH) fell 0.81%, at 4774.34 points, the Hang Seng China Enterprises Index (HSCEI) fell 0.69%, at 7719.88 points.

On the market, most of the large technology stocks fell. Alibaba Group Holding Limited (9988.HK) fell more than 2%, JD.com, Inc. (9618.HK), Tencent Holdings Limited (0700.HK), and Meituan (3690.HK) fell nearly 2%. Kuaishou Technology (1024.HK) bucked against the trend and opened 1.8% higher.

Domestic housing stocks and property management stocks fell, home appliances stocks, non-ferrous metals stocks, shipping stocks, biotechnology stocks have been lower.

On the other hand, 2022 annual auto exports exceeded 3 million units, auto stocks rose across the board, NIO Inc. (9866.HK) rose more than 5%, Tesla surged 33.34% in a single week, Tesla concept stocks rose generally.

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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