U.S. Stocks
Fundamental Analysis:
Major U.S. stock indexes on Wall Street closed lower Tuesday, 5th April 2022, dragged down by weakness in technology and other growth stocks, after Fed Governor Brainard’s remarks made investors nervous in anticipation that the Fed could take aggressive action to rein in inflation.
The tech-heavy Nasdaq posted its biggest one-day percentage drop in about a month, with giants like Apple and Amazon falling.
The Federal Reserve is poised to become more aggressive. This will certainly have a negative impact on the stock market, and there are concerns that this will increase the likelihood of a recession, and the more aggressive the Fed becomes, the more difficult it will be to successfully implement a soft landing for the economy.
As of Tuesday’s close, the Dow Jones Industrial Average fell 0.8% to 34,641.18 points; the S&P 500 fell 1.26% to 4,525.12 points; and the Nasdaq fell 2.26% to 14,204.17 points.
Technical Analysis:
(Dow 30, 1-hour chart)
Execution Insight:
The Dow focuses on the 34477-line today. If the Dow runs stably above the 34477-line, it will pay attention to the suppression strength of the 34724 and 34990 positions. If the Dow index breaks below the 34477-line, it will pay attention to the support strength of the 34088 and 33811 positions.
Hong Kong Stocks
Fundamental Analysis:
Hong Kong stocks opened sharply lower, the Hang Seng Index (HSI) opened 1.25% lower at 22220.21 points, the Hang Seng China Enterprises Index (HSCEI) fell 1.7%, the Hang Seng TECH Index (HSTECH) fell 2.77%.
On the market, U.S. stocks and technology stocks fell sharply overnight. Technology stocks collectively opened lower, JD.com, Inc. (9618.HK) fell 5%, NetEase, Inc. (9999.HK) fell 4.48%, Alibaba Group Holding Limited (9988.HK) fell 4%, Baidu, Inc. (9888.HK), and Tencent Holdings Limited (0700.HK) fell nearly 2%,
Real estate stocks plunged, with Powerlong Real Estate Holdings Limited (1238.HK), Longfor Group Holdings Limited (0960.HK) led the decline.
Internet medical stocks, power stocks, shipping stocks, cell phone concept stocks, and dairy stocks were generally lower.
On the other hand, biotechnology stocks are strong, CanSino Biologics Inc. (6185.HK), and Livzon Pharmaceutical Group Inc. (1513.HK) opened higher. Local stocks in Hong Kong generally rose.
Technical Analysis:
(HK50, 1-hour chart)
Execution Insight:
HK50 Index focuses on the 22127-line today. If HK50 can run stably below the 22127-line, then pay attention to the support strength of 21450 and 20467. If HK50 runs above the 22127-line, then pay attention to the suppression strength of 22785 and 23294.
FTSE China A50 Index
Technical Analysis:
(FTSE China A50, 1-hour chart)
Execution Insight:
FTSE China A50 pays attention to the 13983-line today. If the A50 runs steadily below the 13983-line, pay attention to the support strength of the 13157 and 12733 positions. If the A50 runs above the 13983-line, it will open up further upward space. At that time, pay attention to the suppression of the 14669-line.
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Disclaimer
While every effort has been made to ensure the accuracy of the information in this document, DOO Prime does not warrant or guarantee the accuracy, completeness or reliability of this information. DOO Prime does not accept responsibility for any losses or damages arising directly or indirectly, from the use of this document. The material contained in this document is provided solely for general information and educational purposes and is not and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, securities, futures, options, bonds or any other relevant financial instruments or investments. Nothing in this document should be taken as making any recommendations or providing any investment or other advice with respect to the purchase, sale or other disposition of financial instruments, any related products or any other products, securities or investments. Trading involves risk and you are advised to exercise caution in relation to the report. Before making any investment decision, prospective investors should seek advice from their own financial advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.
