WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
U.S. stocks closed out 2022 lower on Friday, capping a year of sharp losses driven by aggressive interest rate hikes to curb inflation, recession fears, the Russia-Ukraine war and rising concerns over COVID cases in China.
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Plan A: Remain short as long as market trades below 33301. Targets are 33008 and 32813.
Plan B: Consider long if market stays above 33301. Targets are 33398 and 33496.
E-Mini S&P 500
Stocks slipped on Friday to end a brutal 2022 with a whimper, as Wall Street wrapped up its worst year since 2008 on a sour note.
Friday marked the final day of trading in what has been a painful year for stocks. All three of the major averages suffered their worst year since 2008 and snapped a three-year win streak. The Dow fared the best of the indexes in 2022, down about 8.8%. The S&P 500 sank 19.4%, and is more than 20% below its record high, while the tech-heavy Nasdaq tumbled 33.1%.
Sticky inflation and aggressive rate hikes from the Federal Reserve battered growth and technology stocks and weighed on investor sentiment throughout the year. Geopolitical concerns and volatile economic data also kept markets on edge.
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Plan A: Long if market supported firm above 3846. Targets are 3859 and 3863.
Plan B： Short if market failed to support above 3846. Targets are 3832 and 3824.
E-Mini Nasdaq
As the calendar turns to a new year, some investors think the pain is far from over. They expect the bear market to persist until a recession hits or the Fed pivots. Some also project stocks will hit new lows before rebounding in the second half of 2023.
The benchmark 10-year Treasury yield has finished the year below 4%. That is a relief to markets compared to October, when it rocketed above 4.3%.
However, the 10-year’s journey presents a snapshot for investing in 2022. After beginning the year with a yield around 1.5%, it surged higher as the Federal Reserve struggled to catch up to the inflation problem in the U.S., catching even cautious investors off-guard.
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Plan A: Long if market supported firm above 10960. Targets are 10993 and 11025.
Plan B: Short if market failed to support above 10960. Targets are 10925 and 10888.
HSI
The Hang Seng plunged 14.3% to 19,802 in 2022, marking the worst year since 2011 and putting the city’s benchmark index on course for the third straight year of losses, pressured by more than two years of China’s strict zero-COVID policy and aggressive interest-rate hikes by major central banks.
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Plan A: Remain short if the market stays below 20000. Targets are 19609 and 19375.
Plan B: Consider long only if the market stays above 20000. Targets are 20156 and 20234.
WTI Crude
Oil prices swung wildly in 2022, climbing on tight supplies amid the war in Ukraine, then sliding on weaker demand from top importer China and worries of an economic contraction, but closed the year on Friday with a second straight annual gain.
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Plan A: Remain long as long as oil price stays above 78.13. Targets are 80.47 and 82.03.
Plan B: Consider short only if oil price stays below 78.13. Targets are 77.34 and 76.56.
Gold
Gold prices edged up on Friday as the non-yielding metal is on track to close its best quarter since June 2020 on expectations of slower interest rate hikes by the U.S. Federal Reserve after being beaten down from record highs earlier this year.
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Plan A: Remain long as long as gold price stays above 1816.4. Targets are 1832 and 1839.8.
Plan B: Attempts short only if gold price stays below 1816.4. Targets are 1808.6 and 1800.8.
Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment.
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