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Posts published in February 2024

ASX Market Update 2024-02-06

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SP/ASX 200 fell -0.6% (-44.4 pts), closed at 7582 points. Among the 150 largest-cap stocks, 51 (34%) closed higher. 39% of all ASX stocks ended higher. In terms of sectors,…

Is a U.S. Stock Market Correction Imminent?

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S&P 500 has been overbought for a while, sparking concerns of an impending correction. In the chart, the orange area represents the S&P’s distance (%) from the 200-day moving average.…

TSX Market Update 2024-02-05

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SP/TSX fell -1% (-213 pts), closed at 20872 points, crossed below MA20 (20999 pts). Among the 150 largest-cap stocks, 24 (16%) closed higher. Only 29% of all TSX stocks ended…

Nasdaq Market Update 2024-02-05

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Nasdaq 100 slightly retreated -0.2% (-30 pts), closed at 17613 points. Among the 150 largest-cap stocks, 50 (33%) closed higher. Only 26% of all Nasdaq stocks ended higher. In terms…

NSE Market Update 2024-02-05

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NIFTY 50 fell -0.4% (-82.3 pts), closed at 21772 points. Among the 150 largest-cap stocks, 68 (45%) closed higher. 39% of all NSE stocks ended higher. In terms of sectors,…

HKEX Market Update 2024-02-05

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HSI slightly fell -0.2% (-24 pts), closed at 15510 points. Among the 150 largest-cap stocks, 47 (31%) closed higher. 34% of all HKEX stocks ended higher. In terms of sectors,…

HK Stock Connect Southbound Fund Flow 2024-02-05

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● Feb 2024 has a net outflow of -1.4 (bil HK$). (middle chart) ● 2024 Southbound Cumulative Fund Flow crossed-over MA20. (bottom chart) ● 2024 has a net fund inflow…

ASX Market Update 2024-02-05

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SP/ASX 200 retreated -0.9% (-73.1 pts), closed at 7626 points. Among the 150 largest-cap stocks, 29 (19%) closed higher. 36% of all ASX stocks ended higher. In terms of sectors,…

Apple (AAPL) and Microsoft (MSFT) are Decoupling?

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In the past two years, the 50-day Correlation between Apple (AAPL) and Microsoft (MSFT) stock prices has consistently been positive, meaning they moved together. However, recently, the correlation has turned…

Beijing’s Stock Rescue Attempt Failed

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Since Beijing reportedly sought to have a 2 trillion yuan ($278 billion) stock market bailout on January 23, only the Hang Seng Index can still keep some of the rebound,…

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