Five Chinese companies, including PetroChina (4.970, -0.04, -0.80%), Sinopec (4.430, 0.03, 0.68%), Shanghai Petrochemical (3.150, 0.01, 0.32%), Chalco (4.450, -0.09, -1.98%), and China Life Insurance (37.650, 0.95, 2.59%), will apply for voluntary delisting from the New York Stock Exchange. On the same day, the China Securities Regulatory Commission responded, stating that the company's decision to delist was based on its own commercial considerations. The company's continued use of domestic and international capital markets for financing and development is unaffected by the current delisting plan. According to the company's announcement, on August 12, US Eastern Time, the company notified the New York Stock Exchange that it will apply for voluntary delisting of its American depositary sha

Hello, good day traders! 👋🤙 I'm looking for a potential sell 📉 setup for $S&P 500(.SPX)$ , with both fundamental and technical indicators to back it up. ‌ 📰Fundamentally, Wall Street was mostly lower at the start of a holiday-shortened week, as investors weighed the prospect of prolonged restrictive Fed policy against China's relaxation of strict zero-COVID rules. Interest rate sensitive growth stocks weighed the most heavily, dragging down the tech-heavy Nasdaq the most. The S&P 500 joined the Nasdaq in the red, while the Dow was slightly green thanks to value stocks. ‌ 🤔On the technical front, 1.) Looking at the H4 chart, my overall bias is bearish with the price below the Ichimoku cloud, indicating a bea

Hello good day fellow traders! I'm looking for a potential buy📈 setup for $DJIA(.DJI)$ , with both fundamental and technical indicators to back it up. ‌ 📰Fundamentally, The Dow Jones Industrial Average rose on Wednesday following the release of economic data, including another housing report and a Fed manufacturing index. Following the opening bell on Wednesday, the Dow Jones Industrial Average gained 0.1%, while the S&P 500 gained 0.15%. In early trading, the Nasdaq composite gained 0.2%. ‌ 🤔On the technical front, 1.) Looking at the H4 chart, my overall bias for DJI is bullish. I am looking for a pullback buy entry at 32490.37, where the 38.2% Fibonacci line is. 2.) My stop loss is set at 31729.63, where the 50% F

Hello, good day traders! 👋🤙 I'm currently in a buy📈  setup for $HSI(HSI)$ , with both fundamental and technical indicators to back it up. ‌ 📰Fundamentally, China says it will end quarantine for inbound travelers on January 8, signaling the end of the country's nearly three-year-old zero-Covid policy. According to health officials, the country also downgraded Covid from its current top-level Category A to a less stringent Category B. ‌ 🤔On the technical front, 1.) Looking at the H4 chart, I have a bullish bias for HSI with price above the Ichimoku cloud, indicating a bullish market. I am looking for a possible buy stop entry at 19926.48, where the recent highs are located. 2.) My stop loss will be at 18885.20, where

Hello, good day traders! 👋🤙 I'm looking for a potential sell 📉 setup for $NASDAQ 100(NDX)$ , with both fundamental and technical indicators to back it up. ‌ 📰Fundamentally, Despite Friday's gains, the S&P 500 and Nasdaq Composite still posted weekly losses as recession worries continue to dampen investor confidence. The major indexes fluctuated earlier in the session after the Federal Reserve's preferred inflation indicator, the core personal consumption expenditures price index, came in slightly hotter than expected on a year-over-year basis, showing that inflation is persisting despite the Fed's efforts to combat it. ‌ 🤔On the technical front, 1.) Looking at the H4 chart with price being below the Ichimoku cloud it

Hello, good day traders! 👋🤙 I'm looking for a potential sell📉 setup for $S&P 500(.SPX)$ , with both fundamental and technical indicators to back it up. 📰Fundamentally, Stocks decline following strong economic data. Data indicate a robust labor market and quicker economic growth than previously believed. The last few weeks have seen choppy stock prices. The market has been affected by the Federal Reserve's announcement that it will keep raising interest rates to combat inflation as well as predictions of a recession in 2023. 🤔On the technical front, 1.) Looking at the H4 chart, my overall bias is bearish with the price below the Ichimoku cloud, indicating a bearish market. 2.) Price has tapped into my sell entry at

Hello good day fellow traders! I'm looking for a potential buy📈 setup for $DJIA(.DJI)$ , with both fundamental and technical indicators to back it up. 📰Fundamentally, Dow closes 500 points higher thanks to positive earnings and high consumer confidence numbers. Following positive earnings reports from two bellwether companies that gave investors hope that corporate earnings might be better than expected despite a potential recession, stocks surged on Wednesday, rising for a second day. Sam Stovall, chief investment strategist at CFRA Research, stated that "we got a little oversold and I think the market was looking for a reason to rally, and the Nike and FedEx number provided that." "However, I really wonder if this is s

Hello, good day traders! 👋🤙 I'm currently in a buy📈  setup for $HSI(HSI)$ , with both fundamental and technical indicators to back it up. 📰Fundamentally, Hong Kong and mainland China to expand Stock Connect scheme Securities regulators announce an agreement that will expand the list of companies that are eligible. According to information released on Tuesday by mainland brokerage CICC, the change will increase the number of mainland stocks eligible for trading via the northbound link from the current 1,458 to approximately 2,516. ‌ 🤔On the technical front, 1.) Looking at the H4 chart, I have a bullish bias for HSI with price above the Ichimoku cloud, indicating a bullish market. I am looking for a possible buy entry

Hello, good day traders! 👋🤙 I'm looking for a potential sell 📉setup for $NASDAQ 100(NDX)$ , with both fundamental and technical indicators to back it up. 📰Fundamentally, Dow Jones, S&P 500, and Nasdaq 100 decline as Treasury yields increase. Markets have already factored in a more hawkish Fed, putting APAC stocks at risk. After last week's policy announcement, if you looked at the Fed's projection for interest rates, you would see that it was more aggressive than what the market was pricing in. As expected, it appears that this divergence let volatility in. Given this, it is still logical to predict that the tech-heavy Nasdaq 100 may continue to be more vulnerable going forward. 🤔On the technical front, 1.) Looking

Hello, good day traders! 👋🤙 I'm looking for a potential sell📉 setup for $S&P 500(.SPX)$ , with both fundamental and technical indicators to back it up. ‌ 📰Fundamentally, Stocks fell on Friday, adding to their year-end decline, as concerns about a potential recession rise as a result of the Federal Reserve's ongoing rate hikes. The indexes experienced losses for the second week in a row. The S&P 500 dropped 2.08% for the week, bringing its losses for December to 5.58% as expectations for a year-end rally faded. Following the Fed's 50 basis point interest rate increase on Wednesday, the highest rate in 15 years, stocks declined this week. The central bank announced that rates would continue to rise through 2023, re

Hello good day fellow traders! I'm looking for a potential sell📉 setup for $DJIA(.DJI)$ , with both fundamental and technical indicators to back it up. 📰Fundamentally, After Jobless Claims, the Dow Jones drops 700 points. The stock market threatened to add to Wednesday's Federal Reserve-fueled losses, as sellers pressured chip stocks on warnings of industry oversupply. According to the Labor Department, first-time jobless claims fell to 211,000 from 230,000 the previous week. 🤔On the technical front, 1.) Looking at the H4 chart, despite the fact that price is in a bullish uptrend, I'm looking to play the pullback with a sell entry. Looking for a pullback sell entry at 34106.01, where the previous high is. 2.) My stop l

Hello, good day traders! 👋🤙 I'm currently in a buy📈  setup for $HSI(HSI)$ , with both fundamental and technical indicators to back it up. ‌ 📰Fundamentally, According to a report from KGI Asia, Chinese stocks in Hong Kong are likely to rise next year thanks to a triple boost from looser Covid-19 curbs, expanding economic stimulus, and a peak in US interest rates. In its worst-case scenario, according to the broker, the Hang Seng Index will rise to 21,100 points in 2023, with benchmark stocks costing 10.3 times corporate earnings. That suggests a gain of 8.4%. The index's best-case scenario calls for a 20% increase to 23,300 points. Through 2023, the economy will be significantly impacted by how quickly China's pandemi

Hello, good day traders! 👋🤙 I'm looking for a potential Buy 📈 setup for $NASDAQ 100(NDX)$ $NDX, with both fundamental and technical indicators to back it up. ‌ 📰Fundamentally, Today's Stock Market: Indices Hold Gains Following CPI Data Markets rose at the open on Tuesday after the latest CPI data showed that inflation had slowed. The latest Consumer Price Inflation (CPI) data from the United States Bureau of Labor Statistics showed that inflation slowed to 0.1% on a seasonally adjusted basis in November, lower than estimates of 0.3% after a 0.4% increase in October. Overall, the CPI index for all items rose 7.1% in the previous year, exceeding expectations of 7.3%. 🤔On the technical front, 1.) Looking at the H4 cha

Hello, good day traders! 👋 I'm looking for a potential buy📈 setup for $S&P 500(.SPX)$ , with both fundamental and technical indicators to back it up. ‌ 📰Fundamentally, The week ahead includes key market-moving events such as November Consumer Price Index (CPI) data on Tuesday morning and a Federal Open Market Committee (FOMC) decision on Wednesday afternoon, when the Fed is expected to raise the Fed funds rate by 50 basis points. Market participants will weigh November retail sales and initial and continuing jobless claims data on Thursday morning as they assess the impact of the Fed's rate hikes this year. This data will be released at a time when some economists are predicting a recession. ‌ 🤔On the technica

Hello good day fellow traders! I'm looking for a potential sell📉 setup for $DJIA(DJIA)$ , with both fundamental and technical indicators to back it up. 📰Fundamentally, The Dow drops 300 points. the worst week since September as of Friday Following November's producer price index, which increased 0.3% last month and 7.4% over the previous year, wholesale prices on Friday increased more than anticipated. The Core PPI, which does not include food or energy, exceeded expectations as well. The busy economic calendar for this week continues to be the center of attention. 🤔On the technical front, 1.) Looking at the H4 chart, despite the fact that price is in a bullish uptrend, I'm looking to play the pullback with a sell entr

Hello, good day traders! 👋🤙I'm currently in a buy📈 setup for $HSI(HSI)$ , with both fundamental and technical indicators to back it up.📰Fundamentally, Hong Kong stocks are up around 3% following reports that the city is considering relaxing the Covid rule. The Hang Seng index closed 3.38% higher at 19,450.23, while the Hang Seng Tech index gained 6.64%, bucking the trend in the rest of Asia-Pacific, which was weighed down by persistent recession fears 🤔On the technical front,1.) Looking at the H4 chart, I have a bullish bias for HSI with price above the Ichimoku cloud. I have entered a buy entry at 18235.48, where the previous swing low and 50% Fibonacci line are located.2.) My stop loss will be at 16829.00, slightly

Hello, good day traders! 👋🤙 I'm looking for a potential Sell 📉setup for $NASDAQ 100(NDX)$ , with both fundamental and technical indicators to back it up. 📰Fundamentally, The NASDAQ 100 fell again during the Tuesday session, as a major "risk off" attitude persisted in the markets. With interest rates rising, this almost certainly has a negative impact on markets, and I believe that they will continue to struggle as a result. The 11,500 level, as expected, has some psychological significance, but I believe the market will have to decide whether it's about interest rates, risk appetite, or both. 🤔On the technical front, 1.) Looking at the H4 chart, I am looking for a sell entry at 11710.26, where the 38.2% Fibonacci line i

Hello, good day traders! 👋🤙 I'm looking for a potential buy📈 setup for $S&P 500(.SPX)$ , with both fundamental and technical indicators to back it up. 📰Fundamentally, In terms of the 200-day moving average, the SPX rose above this trendline on Wednesday, which has historically had bullish implications, after spending a long time below this popular moving average. 🤔On the technical front, 1.) Looking at the H4 chart, my overall bias is bullish with the price above the Ichimoku cloud, indicating a bullish market. 2.) Looking for a potential buy entry at 3907.07, where the 50% Fibonacci line is. 3.) Stop loss will be set at 3806.91, where the 38.2% Fibonacci line is. 3.) I am looking to take profit at 4097.29 where th

Hello good day fellow traders! I'm looking for a potential sell📉 setup for $DJIA(DJIA)$ $DJI(^DJI.IN), with both fundamental and technical indicators to back it up. 📰Fundamentally, The Dow falls 300 points, and the S&P 500 falls 1.3%, as investors focus on The Fed's reaction to strong US economic data Stocks fell on fears that the Federal Reserve may need to tighten monetary policy more aggressively in 2023 than previously anticipated to tame high inflation, given that the US economy has proven relatively resilient to the Fed's aggressive pace of rate hikes this year. The 10-year Treasury yield was also rising, rising 7 basis points to around 3.58% on Monday, while the 2-year Treasury rate was at 4.36%. 🤔On the tec