U.S. Stocks 

Fundamental Analysis: 

Nasdaq closed lower in muted trading on Friday, 28th November 2022, with trading hours shortened for the holiday.

Apple was under pressure as investors focused on Black Friday sales and the epidemic.

Investors focused on retailers as Black Friday sales kicked off against a backdrop of high inflation and cooling economic growth.

The Black Friday sales were previously expected to attract record numbers of consumers, but due to inclement weather, lines outside stores thinned on what is traditionally the busiest shopping day of the year.

Amid inflationary shocks, U.S. retail stocks have become a barometer of consumer confidence.

So far this year, the S&P 500 retail stock index plunged more than 30%, the S&P 500 index fell by only 15%.

The U.S. exchanges have traded a cumulative total of about 4.54 billion shares, with an average daily volume of 11.25 billion shares over the past 20 trading days.

Starting this week, investors will be watching retail sales, as well as the Federal Reserve’s next move.

Wall Street’s major indexes rebounded strongly from lows hit in early October, with the S&P 500 up more than 15%, helped by a better-than-expected earnings season, and more recently on hopes that the Federal Reserve will slow the pace of aggressive interest rate hikes.

Technical Analysis:

(Dow 30, 1-hour chart) 

Execution Insight: 

The Dow pays attention to the 33949-line today. If the Dow runs stably above the 33949-line, then pay attention to the suppression strength of the 34221 and 34477 positions.

Hong Kong Stocks 

Fundamental Analysis: 

Hong Kong stocks opened low in the morning session, the Hang Seng TECH Index (HSTECH) was down more than 5% at the beginning of the session, and closed down 2.28% at noon, 3400 points lost. The Hang Seng Index (HSI), the Hang Seng China Enterprises Index (HSCEI) fell 1.98% and 2.16% respectively, while the HSI once under 17,000 points.

The half-day net southbound capital inflow was HK$ 4.965 billion, the market turnover was HK$ 70.7 billion.

On the market, the large technology stocks all setback dragged the market downturn. JD.com, Inc. (9618.HK) fell more than 4%, Alibaba Group Holding Limited (9988.HK) fell more than 3%, NetEase, Inc. (9999.HK), Baidu, Inc. (9888.HK), Xiaomi Corporation (1810.HK), Tencent Holdings Limited (0700.HK), Kuaishou Technology (1024.HK) are down.

Institutions said the central bank cut the rate of less than expected, domestic banking stocks, domestic housing stocks and property management stocks fell across the board.

Education stocks fell, led by Koolearn Technology Holding Limited (1797.HK). Domestic insurance stocks, coal stocks, home appliances, non-ferrous metals stocks fell.

On the other hand, Macau’s new round of gambling license settled, gambling stocks counter-trend surge, affected by the epidemic, restaurant stocks, airline stocks, beer stocks, travel and tourism stocks are active.

Assisted reproductive technology into the medical insurance reimbursement policy landed, Jinxin Fertility Group Limited (1951.HK) rose nearly 9%.

Technical Analysis: 

(HK50, 1-hour chart) 

Execution Insight: 

HK50 pays attention to the 17535-line today. If HK50 can run stably above the 17535-line, then pay attention to the suppression strength of the two positions of 18606 and 19517.

FTSE China A50 Index 

Technical Analysis: 

(FTSE China A50, 1-hour chart) 

Execution Insight: 

FTSE China A50 pays attention to the 11665-line today. If A50 runs stably below the 11665-line, pay attention to the support strength of the 11447 and 11220 positions. If the A50 runs above the 11665-line, it will open up further upside space.

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