Today's Market Recap 28/9/21
$S&P 500 Index(.SPX.US$ $Dow Jones Industrial Average(.DJI.US$ $NASDAQ 100 Index(.NDX.US$ The three major US stock indexes are subject to the Bollinger Bands axis. The trend of the three major US stock indexes this week will become the key. If you pay attention to Wang Zi's posts in the past two trading days, you should reduce your holdings of US stocks until the three major US stock indexes return to the middle of the Bollinger Bands axis.
The trend of the $Hang Seng Index(800000.HK$ was weak. Although the level of 24,500 to 24,600 has been tried again in the past two trading days, it has returned. Just looking at the constituent stocks to increase individual stocks, it is obvious that investors lack confidence in the real economy.
I personally think that the stock price of $MEITUAN-W(03690.HK$ will eventually fall below 100 in the bear market, and the stock price of $TENCENT(00700.HK$ will fall to 200 in this bear market.
Personally think that we need to pay attention to the downward adjustment of the US stock market. There are too many high-valued component stocks in the Hang Seng Index. Personally, I believe that the Hang Seng Index should be adjusted to the level of 20,000 points throughout the bear market cycle.
Still optimistic in the fourth quarter?
Since the first three quarters of this year were all down, if there are economic stimulus measures in the fourth quarter, I personally think that there is a real chance to try the 27,200 level.
As mentioned before, bear markets should be prudent to invest and avoid buying high-valued stocks.
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猫仔股神 : Is there that many Meituan 100? It should just drop to $30