U.S. Stocks 

Fundamental Analysis: 

U.S. stocks closed sharply higher on Tuesday, 19th July 2022 as more companies followed in the footsteps of big banks and reported earnings that beat expectations, relieving investors worried about rising inflation and the Federal Reserve’s tightening policy affecting corporate profits.

The S&P 500 surged 2.8%, hitting its highest closing level since 9th June 2022. The tech-heavy Nasdaq jumped 3.1%, its biggest one-day percentage gain since 24th June 2022.

Healthcare giant Johnson & Johnson fell 1.5%, giving back earlier gains. The company reported profit and sales that beat estimates but lowered its earnings outlook for the year as the dollar surged.

Technical Analysis: 

(Dow 30, 1-hour chart) 

Execution Insight: 

The Dow is focused on the 31661-line today. If the Dow runs steadily above the 31661-line, it will pay attention to the suppression strength of the two positions of 32083 and 32455. If the Dow runs steadily below the 31661-line, it will pay attention to the support strength of the two positions of 31291 and 31000.

Hong Kong Stocks 

Fundamental Analysis: 

The Hang Seng Index (HSI) opened up 307.36 points, or 1.49%, at 20,968.42 points, the Hang Seng TECH Index (HSTECH) opened up 93.1 points, or 2.07%, at 4599.84 points.

The Hang Seng China Enterprises Index (HSCEI) opened up 108.86 points, or 1.53%, at 7206.25 points. The Red Chip Index opened up 20.1 points, or 0.53%, at 3795.81 points.

Bilibili Inc. (9626.HK) opened up over 5%, Alibaba Group Holding Limited (9988.HK) rose nearly 4%, Kuaishou Technology (1024.HK), JD.com, Inc. (9618.HK), Tencent Holdings Limited (0700.HK), Baidu, Inc. (9888.HK) and Meituan (3690.HK) rose over 2%.

SenseTime-W rose 3.8% as the company spent about HKD14.07 million to repurchase 6.7 million shares on 19th July 2022, the first share repurchase since its listing.

China Everbright Limited (0165.HK) fell nearly 7% after issuing an earnings warning, expecting to record a net loss of about HK$2.60 billion to HK$2.80 billion in the first half of the year, compared with a profit of about HK$1.81 billion recorded in the same period last year.

Technical Analysis: 

(HK50, 1-hour chart) 

Execution Insight: 

HK50 focuses on the 21450-line today. If HK50 can run stably above the 21450-line, then pay attention to the suppression strength of 22127 and 22785. If HK50 runs below the 21450-line, then pay attention to the support strength of 20467 and 19517.

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 stably 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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