To The Moon

Technically, we used SPX 4250 as an important benchmark to dictate whether the bulls are stronger. Today, SPX continuously jumped to over 4400 after it successfully reclaimed 4250. On Wednesday, the Federal Reserve appeared more hawkish than Wall Street's consensus, hiking its short-term interest rates by a quarter percentage point as expected but signalling six more rate hikes this year to fight the surging inflation. After three days' sizeable relief rally, SPX will encounter the 4450 resistance, which happens to be MA50 on the daily chart. Coincidently, it is also the 300 point distance away from the low of Mar.14.$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ Trust(

JD.com($(JD)$)andCoupang($(CPNG)$)both serve millions of online shoppers in Asia. JD is China's largest direct retailer and the country's second-largest e-commerce company afterAlibaba( $(BABA)$). Coupang is the e-commerce market leader in South Korea. Neither stock has been a great short-term investment. Over the past 12 months, JD's stock price plunged more than 40% as China's crackdown on its top tech companies, delisting threats in the U.S., and other macroeconomic headwinds spooked the bulls. Coupang, which went public a year ago at $35 per share, has plummeted nearly 50% below that key level as investors fretted over its slowing growth and steep losses. Image source: