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Good morning, readers and friends, today is the weekend when the A-share market is closed, and there is a sudden heavy news late at night! Last week's market was a roller coaster, can A-shares rise next week? Okay, let's go directly to today's morning review.
Overnight performance:
The three major U.S. stock indexes closed mixed on Friday, with the Dow recording an eight-day winning streak. As of the close, the Dow Jones Industrial Average rose 125.08 points from the previous trading day to close at 39,512.84 points, an increase of 0.32%; The S&P 500-stock index rose 8.60 points, or 0.16%, to close at 5222.68; The Nasdaq Composite Index fell 5.40 points, or 0.03%, to close at 16,340.87. The three major U.S. stock indexes have all risen for three consecutive weeks, with the Dow up 2.16%, the Nasdaq up 1.14%, and the S&P 500 up 1.85% this week.
Most of the large technology stocks fell, Tesla fell more than 2%, Amazon fell more than 1%, Intel, Apple, Netflix, and Google fell slightly; Nvidia rose more than 1%, and Microsoft and Meta rose slightly. Novavax Pharmaceutical rose nearly 99%, the biggest one-day gain since the company's U.S. IPO. Most of the popular Chinese concept stocks fell, and the Nasdaq China Golden Dragon Index fell 0.58%, down 1.93% for the week. Xpeng Motors fell more than 5%, Weilai fell more than 4%, Li Auto fell more than 2%, Baidu and Futu Holdings fell more than 1%, and iQiyi, JD.com, Weibo, Tencent Music, and Pinduoduo fell slightly. Alibaba, Vipshop, Bilibili, Full Bang, and NetEase rose slightly. ZEEKR's stock price rose more than 34% on the first day of listing.
Interpretation of important news affecting A-shares:
1. Netizens said they hope that Chengdu will resume housing purchase restrictions Chengdu Municipal Bureau of Housing and Urban-Rural Development responded
Recently, many places across the country have not lifted the purchase restrictions, and Chengdu has also fully lifted the purchase restrictions, but some netizens said that in order to get a Chengdu hukou to buy a house, they spent a lot of money to move the hukou from their hometown to Chengdu, so they also had a lot of conflicts with their families. The netizen said: "I think this greatly hurts the rights and interests of our young people who pay social security and migrate to Chengdu." Once, I regarded having the qualification to buy a house in Chengdu as an honor, a proof of self-struggle, and now the policy, let us work diligently to pay social security just need to buy a house, suffer unfair treatment, let us work in vain, hope that the leadership to restore the purchase limit, "become a kind of show-off" A household account will become a show-off capital, it is really "the forest is big, there are all kinds of birds"... In the words of netizens, the two sides are fighting at night, one side wears night vision devices, one side takes a flashlight, and now the flashlight is not allowed to take it
2. Southbound funds continue to increase their positions, and Hong Kong stocks reverse to usher in "ten consecutive rises"
From April 22nd to May 6th, the Hang Seng Index achieved "ten consecutive rises", setting a record for the longest consecutive rise since February 2018.
3. Late night sudden! The resumption of IPO review is good for brokers, where should A-shares go next week?
Last night there was bad news, the IPO that had been suspended for three months was restarted, the new stock listing for A-shares is a negative impact on blood pumping, before the suspension of IPO in January because a month A-shares fell too hard, a month fell more than last year, and now the IPO is resumed, although it is the new listing rules on April 30 to strengthen the quality of listed companies, but it is a long-term good, for the short-term market or negative A-shares, good brokers, and new shares can be issued.
4. Fed Governor Bowman: There is no reason to cut interest rates this year
The Federal Reserve is now all over the body, with a hard mouth, and does not dare to cut interest rates, and does not dare to raise interest rates, so it can only say every day that it has the ability to continue to raise interest rates, in fact, to tell the truth, whether the Fed cuts interest rates or not, whether to raise interest rates or not, A-shares are in this position, and U.S. stocks will continue to rise regardless of whether they cut interest rates or not.
Fifth, A-shares are heavy! Implemented next Monday! Northbound funds no longer disclose real-time transaction amounts
After so many years, I finally have to say goodbye, starting next Monday, we will not see the real-time trading data of foreign capital in the intraday, only after the close can be seen, the Hong Kong Stock Exchange has said that the adjustment of the real-time turnover and daily quota balance of northbound trading will be officially implemented on May 13, before the cancellation of fund valuation said that it was good for us, now it should fall or fall, and now the cancellation of foreign real-time trading data is also a negative impact on market confidence, and the only data we can see to judge the rise and fall of A shares is blocked, Only the inflow of foreign capital, A-shares will rise, the outflow of foreign capital A-shares will fall, in recent years, most of the domestic funds have followed the foreign capital, foreign capital to buy funds, foreign capital to run the capital to run, it is estimated that in order to prevent funds from always following the foreign capital to run, only to shield not to see, there is no other way.
Today's A-share trend ideas
The resistance level of short-term A shares is at $1900 points, when will the official breakthrough stand here, the next wave of A shares will begin, and the volume of A shares will fall on Friday, which is not suitable for big work, and the decline is the time to bottom.
At present, Dalong is mainly optimistic about the Growth Enterprise Market, Science and Technology Innovation Board, semiconductor chip artificial intelligence games, Hong Kong-based Hang Seng Technology, new energy vehicle intelligent driving, military industry, pharmaceutical and medical innovative drugs, Come on together in May, Dalong is optimistic about starting a new wave of rise in May, hug Dalong, and fight a turnaround!
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