U.S. Stocks 

Fundamental Analysis: 

On Friday, 24th June 2022, the three major U.S. stock indexes opened higher, and the end of the FTSE Russell “annual shuffle” in late trading drove a series of stocks to twitch up, adding to today’s broader market.

As of the close, the S&P 500 rose 3.06% to 3911.74 points, the Nasdaq rose 3.34% to 11,607.62 points, and the Dow Jones rose 2.68% to 31,500.68 points.

Most U.S. technology stocks rose sharply, including Apple rose 2.45%, Tesla rose 4.52%, Amazon rose 3.58%, Google A rose 5.11%, Netflix rose 5.03%, and Microsoft rose 3.41%.

The economic restart concept rebounded strongly, American Airlines rose 7.09%, United Continental Airlines rose 7.54%, Royal Caribbean Cruises rose 15.77%, and Boeing rose 5.64%.

Technical Analysis: 

(Dow 30, 1-hour chart) 

Execution Insight: 

The Dow focuses on the 31,000-line today. If the Dow runs steadily above the 31,000-line, it will pay attention to the suppression strength of the two positions of 31661 and 32083. If the Dow runs steadily below the 31,000-line, it will pay attention to the support strength of the two positions of 30608 and 30350.

Hong Kong Stocks 

Fundamental Analysis: 

Hong Kong stock Hang Seng Index (HSI) opened higher and closed up 2.09% at 21719.06 points, up 3.06% this week. The Hang Seng China Enterprises Index (HSCEI) rose 2.22%, the red chip index rose 0.75%.

Hang Seng TECH Index (HSTECH) rose 4.05%, Kingdee International Software Group Company Limited (0268.HK) rose 9.52%, Sunny Optical Technology (Group) Company Limited (2382.HK) rose 8.63%, Bilibili-SW rose 6.36%, Alibaba-SW rose 5.46%, Kuaishou-W rose 4.55%.

Pharmaceutical stocks rose, with WuXi AppTec up 11.01%, WuXi Biologics up 10.36%, and Pharmaron Beijing up 10.24%.

Sporting goods stocks rose, ANTA Sports Products Limited (2020.HK) rose 6.47%, Bosideng International Holdings Limited (3998.HK) rose 4.8%, Li Ning Company Limited (2331.HK) rose 4.88%.

Auto stocks rose, XPeng-W rose over 7%, Geely Automobile Holdings Limited (0175.HK) rose over 6%, and Li Auto-W rose over 5%.

Technical Analysis: 

(HK50, 1-hour chart) 

Execution Insight: 

HK50 focuses on the 20467-line today. If HK50 can run stably above the 20467-line, then pay attention to the suppression strength of 21450 and 22127. If HK50 runs below the 20467-line, then pay attention to the support strength of 19517 and 18606.

FTSE China A50 Index 

Technical Analysis: 

(FTSE China A50, 1-hour chart) 

Execution Insight: 

FTSE China A50 focuses on the 14352-line today. If the A50 runs steadily below the 14352-line, it will pay attention to the support strength of the two positions of 13970 and 13544. If the A50 runs above the 14352-line, it will open up further upward space. At that time, pay attention to the two positions of 14695 and 14985.

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