Weekly market recap
With stocks rebounding strongly during the past week, and some trading at record highs, investors will be looking for signs in the final week of 2021 whether that rally could extend into next year.
The S&P 500 set a new closing record last Thursday following encouraging reports about the lower-than-expected economic risks posed by the Omicron variant of COVID-19.
Here's a look at the return of S&P 500 sectors
The week ahead in focus
Dow Jones futures were little changed Sunday night, along with S&P 500 futures and Nasdaq futures. The stock market rally revived last week, with the S&P 500 nearly at a new high.
The market has a lot of history on its side that trading days before the year-end are positive for stocks. According to Bank of America, when the S&P 500 has already seen such solid gains, the final sessions are positive. Since 1980, there have been 10 instances where the S&P 500 was up 20% or more going into the last stretch of trading and in nine of those years, it ended the final five days higher.
With stocks heading into what has historically been a good time of year for stocks, investors will carefully monitor the latest news on the rapidly spreading Omicron coronavirus variant to see how it affects the U.S. economy and company earnings in 2022. The following is a list of earnings slated for release December 27-31, along with a few previews. Although this week's earnings are unlikely to have much of an effect on major market movements, it is sufficient to gauge investors' sentiment.
With the Fed forecasting three interest rate hikes for next year, economic data of all sorts is front and center for the markets.
The housing market has been a huge beneficiary of the near-zero rate policy, so all data on housing will be closely watched. On Tuesday, home prices data will be released. Pending home sales are to be reported Wednesday.
David Petrosinelli, senior trader at InspereX, said the next big data point for the market will be December jobs in early January. He expects markets to be relatively quiet next week.
Tuesday
9:00 a.m. S&P/Case-Shiller home prices
9:00 a.m. FHFA home prices
Wednesday
10:00 a.m. Pending home sales
Thursday
8:30 a.m. Jobless claims
9:45 a.m. Chicago PMI
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Source: CNBC, jhinvestments

This documents my current observations, research and analysis of Chinese tech stocks and how the speculators are using various instruments to impact on the pricing of the share price of Chinese tech stocks like Alibaba, Tencent, Meituan, JD, Xiaomi, Kuaishou Tech, Bilibili, Za Online, Trip.com, Pinduoduo, etc. I have also laid out some predictions on what could potentially happen in 2022. However, in the battle of two systems like US and China, the exact impact on pricing is extremely tough as sentiments sway the price rather than real fundamental value affect the share price. So all in all, I personally manage my portfolio on a portfolio management basis to manage my risks.
my YouTube video link:
https://www.youtube.com/watch?v=TCBmvV2MNvA
Do subscribe and like my youtube channel so that you can be updated on quality research and analysis. Thanks for your support!
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As always, this should not be construed as any investment or trading advice.

Sydney, Dec. 20, 2021 – On December 20, 2021, moomoo, a leading one-stop digital investment platform, announced that it will be launching in Australia. The company will provide Australian investors with premium online investment services. Moomoo has been on a path of exponential international growth and Australia marks its third expansion overseas after a successful launch in US and Singapore. The company made the announcement after its affiliated company secured an Australian Financial Services License granted by the Australian Securities and Investments Commission (ASIC) through an acquisition
As a tech-driven digital investment platform, moomoo’s mission is to make investing easier and more social. After building a strong community of investors and winning awards in the US and Singapore, the company is excited about bringing its services to Australian investors to help them take advantage of all investing opportunities.
Moomoo stands out from other platforms by offering:
- a free online account-opening experience that can be completed in just minutes;
- a combination of powerful technologies spanning stock trading and market data;
- an interactive online community of 17 million investors worldwide;
- tools that enable the community to share their investing insights anytime, anywhere.
Investors can now trade stocks on the platform and access free real-time quotes, in-depth market analysis, and comprehensive financial news coverage.
Moomoo has quickly become a popular tech-driven brokerage platform among local investors since its launch in the US and Singapore. In the US, moomoo has resonated with sophisticated and retail investors alike, with powerful yet user-friendly tools capable of guiding even professional traders toward more informed decisions. In this year, moomoo won the “Best Active Trading App 2021” by Investing Simple, a leading US financial website, and was also nominated for the Benzinga 2021 awards for “Best Trading Technology” and “Best Investment Research Tech”.
Moomoo has attracted over 220,000 registered users and more than 100,000 paying clients in less than three months since entering the Singapore market. Within just six months of its launch, moomoo’s market share of retail investors in Singapore neared 15%. As of Q3, moomoo has become one of the fastest growing one-stop investment platforms in Singapore, constantly holding a place among the top three financial apps as measured by download volume.
Australia marks moomoo’s next stop. Drawing on its successes in the US and Singapore, moomoo is expected to open up a brand-new market in Australia and bring a unique investment experience to local investors.
About Moomoo
Moomoo positions itself as the next-generation one-stop investment platform that integrates investment transactions, up-to-date news, real-time market data, and an active trading community. Moomoo's mission is to provide investors of all levels with an intuitive and powerful investing platform. Moomoo leverages deep technological R&D capabilities and future-focused operating model to constantly improve the user experience and drive industry-wide innovation. For more information, please visit the official website www.moomoo.com/au.

let’s learn a new trick
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$Futu Holdings Ltd (FUTU.US)$ liao liao

Beginning of this year 2021, I had a prediction that Nasdaq 100 will hit around 16,000 before correcting or see a meaningful adjustment. You may wish to take a quick look at this youtube video with the link as follows:-
Youtube video on Nasdaq 100's prediction:-
https://www.youtube.com/watch?v=bH7IG5UR0NQ
Since then, Nasdaq 100 future had hit 16,200 before coming down to around 15300 and then retest 16100 and coming down to around 15800 (all based on my memory) before retesting around 16800 and coming down to around 15800 and retesting 16100 then back down to 15800 and then 16450 and now at the level of around 15860...
(I have not went to check back the chart but rather this is based on my memory)
This price action certainly indicates that the bulls and bears of tech stocks are uncertain about how the interest rate hike is going to impact on growth stocks.
When uncertainty emerges and narratives over interest rate hike and growth stocks happen, this will sure happen. What would I do now?
Ultimately, pricing and valuation matter alot more these days and the back to basic valuation rather than narratives will sway price movements. I will continue to update my list of watchlist for good tech stocks. Ultimately, I am still a "buy" growth (companies with good balance sheet and already generating positive operating cashflow and profit). Should such companies come along at good discount where I can still play the long game, I will buy.
A support level that I will look at is whether Nasdaq 100 will find support at around 15300 to 15500.
As always, this should not be construed as any investment or trading advice.
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