US Stocks
Fundamental Analysis:
The S&P 500 index closed lower on Tuesday, 7 September 2021, while the technology-heavy Nasdaq Composite climbed to another all-time high. Investors weighed between concerns about slowing the pace of economic recovery and expectations that the US Federal Reserve will maintain loose monetary policy.
Yesterday, Morgan Stanley downgraded the rating of the US stock market to “reduced holdings”, pointing out the risks related to economic growth, policies, and legislation, and warning that the trend is expected to be “volatile” in the next two months.
Easy central bank policies and reopening optimism have pushed the benchmark indices to record highs over the past few weeks, but concerns over rising Delta coronavirus infections and their impact on the economic recovery could impede the rally.
The Dow closed down 0.76%, the S&P 500 index closed down 0.34%, and the Nasdaq closed 0.07% higher.
Technical Analysis:
(Dow30，1-hour chart)
Execution Insight:
Today, we pay attention to the direction of the Dow on the 35226 line. If the Dow does not recover to the top of the 35226 line, it will maintain a bearish trend. Next, focus on the support strength of the two positions of 35110 and 34990 below, as well as the 35308 line above.
Hong Kong Stocks
Fundamental Analysis:
The Hang Seng Index opened 0.17% higher, and then the gains expanded. At the close, the Hang Seng Index rose by 0.73% to 26,353.63 points, while Hang Seng China Enterprises Index climbed 1.04%. The red-chip index fell by 0.23%.
The Hang Seng Technology Index added 1.61%, Kuaishou advanced 9.33%, the share price returned to above HK$100. Meituan rose by 4.04% and Tencent rose by 2.08%. Tobacco concept stocks rose, Smoore International rose by 7.66%, China Boton Group rose by 7.35%, and Huabao International Holdings rose by 4.24%. Sporting goods stocks gained, Li-Ning rose by 7.27%; China Dongxiang Company increased by 6.19%; and Xtep International Holdings rose by 3.95%.
Technical Analysis:
(HK50，1-hour chart)
Execution Insight:
Today, on HK50, we continue to pay attention to the support of the 25816 line. If HK50 penetrates through the 25816 line above, it will become a bullish trend. Then focus on the suppression strength of the two positions of 26535 and 26951 above. If HK50 falls below the 25816 line, then it will test the support of the 25160 line again.
FTSE China A50 Index
Technical Analysis:
(A50，1-hour chart)
Execution Insight:
Today, on A50, pay attention to the support of the 15298 line. As long as A50 runs stably above the 15298 line, pay attention to the suppression strength of the 15612 line. Then, focus on the support of the lower Bollinger Band below.
Disclaimer
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