U.S. Stocks 

Fundamental Analysis: 

U.S. stocks closed higher in shaky trading on Thursday, 26th January 2023, with the S&P 500 up more than 1% to a near month-and-a-half high.

Investors are grappling with a flurry of economic data and a string of mixed corporate results while keeping an eye on next week’s Federal Reserve monetary policy meeting.

While all three major U.S. stock indexes are rising, giant momentum stocks helped lead the Nasdaq in gains, driven by Tesla’s profit beat and upbeat sales forecasts.

A series of data showed that the U.S. economy performed better than analysts expected in the fourth quarter of last year, and the labor market remained tight despite some signs of weakening demand.

This is a double-edged sword for investors, as it may make the Fed more courageous to keep key interest rates at restrictive levels for a longer period of time.

Although financial markets have largely digested the Fed’s expectation of a 25 basis point rate hike next Wednesday, market sentiment is not in lockstep.

The fourth quarter earnings season is in full swing, with more than a quarter of the companies in the S&P 500 already reporting results.

According to Lufthansa, 69% of those companies have beaten market expectations for profits, up from 67% on Wednesday.

Of the 11 major sectors in the S&P 500, all were higher except for essential consumer goods stocks.

Energy stocks rose the most in percentage terms, helped by higher oil prices, as there are signs of increased demand from China.

Technical Analysis:

(Dow 30, 1-hour chart) 

Execution Insight: 

The Dow today pays attention to the 33584-line. 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 three major Hong Kong stock indexes all opened high and moved high.

As of the close, the Hang Seng Index (HSI) rose 2.37%, the Hang Seng China Enterprises Index (HSCEI) rose 3%, and the Hang Seng TECH Index (HSTECH) rose 4.26%, winning the best start after the festival.

Over the past few days, there has been a lot of overseas news, but there are generally no major events.

The U.S. stock market has also risen by more than 1%, while the domestic holiday consumption data is booming, which confirms the expectation of a strong economic recovery after the epidemic.

And the continuous fierce output of domestic policies, the confidence of the market has obviously been warmed up.

Today’s surge in Hong Kong stocks has once again ignited domestic market sentiment.

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.

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