10/25 Market report

 【Dow Jones】

U.S. stocks “Super Financial Week” is approaching. Before Apple and other tech giants will announce their financial results one after another, 10-year U.S. bond yields will fall from their high levels. U.S. stock owners said Monday (the 24th) saw their earnings surge after the rally. Defensive sectors, including consumer necessities and healthcare, led the rally.

S&P Global reported on Monday that the U.S. composite purchasing managers' index (PMI) shrank for the fourth straight month in October, while the manufacturing PMI fell below threshold for the first time in two years. The economic recession signal emerged, and renewed hopes that interest rate hikes would slow down.

Among the daily technical indicators of the Dow Jones industrial average, Alligator is tangled, indicating that the direction of the long-term Dow Jones industrial average is beginning to be chaotic, and the short-term KD indicator is showing high-grade passivation, indicating that the short-term buying strength has emerged and has broken through the previous high point, with strong strength of the long-term bulls.

USA30-D1: Uptrend

Price point: 30081

Current transactions: multiple orders held with targets at 31800 and 32000

Alternative:Set 30000 and 29800 after the price hit 30081

Comment: The RSI value of 61.84% is too high.

【Euro】

AFP reported that soaring inflation and higher energy prices hit Europe, with the S&P Global eurozone composite purchasing managers' index (PMI) falling to 47 in October from 48.1 a month ago. 1。An index below 50 indicates a contraction in the economy.

The 19 euro-zone countries may contract in the fourth quarter, but Germany is in worse shape, with the PMI falling to 44.1 from 45.7 in September. This is the lowest number since the COVID-19 outbreak when German companies shut down for the first time. Eurozone economic activity plunged further in October, while Germany, the EU's largest economy, appeared to be heading for recession.

In the euro zone's Japanese technical line, the long-term Alligator is tangled, indicating that in the long run, the euro is easy to be chaotic, and the short-term KD index is high-grade and passive, indicating that the short-term buying trend appears and the short-term challenges the consolidation range.

EURUSD-D1:Downtrend

Price point: 1.00000

Current transactions: hold empty orders with targets at 0.98800 and 0.98500

Alternative: Set 1.00200 and 1.00500 after the price hit 1.00000

Comment: The RSI value of 56.11% is too high.

【Gold】

Gold holdings in SPDR Gold Shares (GLD), the world's largest gold ETF, fell 2.89 metric tons to 928.1 metric tons on the 21st, a new low since March 2020.

Aude Marjolin, deputy commodity analyst at S&P Global Commodity Insight, reported that gold prices are expected to slow down in the next few years as expectations of higher interest rates and worries about a recession will affect all metal prices.

In the technical line of gold's daily line, the long-term Alligator shows a dead cross, indicating that the long-term trend of gold is beginning to go empty, the short-term KD indicator shows a gold cross, and there is a buy-in on the short-term, so the next step is to observe whether the upward pressure is broken.

XAUUSD-D1: Downtrend

Price point: 1682

Current Transaction: Hold Empty Orders, Target at 1650.8 and 1648.2

Alternative: Set 1683.5 and 1684.8 after the price hit 1682

Comment: The RSI value of 45.03% is on the short side.

【Crude Oil】

After the US government released 15m barrels of crude oil from the Strategic Petroleum Reserve (SPR) again, WTI crude oil futures rose 0.5% last week, while Brent crude oil rose 2%.

The U.S. government also said it would reverse the SPR, hinting that it would buy if the price fell to $70 a barrel to help provide price support floors and encourage domestic producers to increase production.

In the technical line of crude oil, the long-term Alligator is tangled, indicating that crude oil has begun to be chaotic in the long-term trend, and the short-term KD index is a golden cross, indicating that oil prices are beginning to show support in the process of falling back.

USOIL-D1: Downtrend

Price point: 93.70

Current transactions: hold empty orders with targets at 84.80 and 84.20

Alternative: Set 93.8 and 94.2 after the price hit 93.70

Comment: The RSI value of 48.26% is on the short side.

OneProSpecial analyst                                                                

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