Hello everyone, I'm Lao Li
There is no market that only rises and does not fall, and there is no market that only falls but does not rise. The higher you jump, the more pain you will fall, and the deeper you squat, the higher and farther you will jump in the future.
Although today the market has set new lows again, this new low can be used as a starting point for the mid-term market. Because the pessimism is released more thoroughly, from the perspective of transaction volume, the market looks like funds will enter the market after the index is at a new low. If the market goes out of a big positive tomorrow, this will further stimulate the accelerated entry of incremental funds. .
It has a mitigating effect on the short-term liquidity of the market.
$Hang Seng Index (800000.HK)$ The Hang Seng Index rebounded again after a new low, and the short-term market wind has not changed. However, after the continuous decline in the market and the recovery of the external market, there is not much room for the index to fall, but the probability of a substantial rebound in the short-term is also not large. Yes, wait for the low position to converge and choose the main direction. At the technical level, the Hang Seng Index continues to remain in the downward channel, supporting 23,000 within the day, and 24,300 above pressure waiting for the direction to be selected.
$BYD COMPANY (01211.HK)$ BYD has completely reproduced Tesla’s trend of low and high. It should be noted that the valuation is too high in the short term. Secondly, although the industry’s prosperity does not change, the growth rate of performance affects the adjustment of valuation, and with the upstream The rise in prices squeezes downstream profits, and near the end of the year, there is indeed the possibility of high-low switching. The current price is high, waiting for the adjustment to end. If the intraday support 240 breaks to open up the downward space, the upward rebound pressure 280 is an upward trend line pressure. , Wait for the adjustment to be over.
$SMIC (00981.HK)$ SMIC continues to fall today, and still maintains yesterday's view. This decline was not caused by bad news, and the sentiment fell. Kdj diverged directly upwards, which is expected to form a golden fork to drive the stock price to usher in an anti-truck. The more and more carefully this location becomes a golden pit.
$PING AN (02318.HK)$  China Ping An continues to consolidate. It can be seen that China Ping An has obvious signs of strengthening recently, and does not follow the index fluctuations. After the negatives are exhausted, it is expected to correct the decline during the year. The daily support is mainly 55 bargain hunting, and the top is stable and 63 opens. Rebound space.
$TENCENT (00700.HK)$  Tencent continued its downward trend and tested the previous lows again in the short term. The current stock price remains fluctuating at the bottom edge of the box. However, it can be seen that the volatility of Alibaba  $BABA-W (09988.HK)$ ,   $MEITUAN-W (03690.HK)$ , and   $XIAOMI-W (01810.HK)$ has declined recently, and the fundamentals have been exhausted.
China's concept stocks are now on the left, and the odds on the left are enough, but it takes time to stabilize and move up, and try to buy as low as possible.

$KraneShares CSI China Internet ETF (KWEB.US)$ good price now

Hello everyone, I'm Lao Li.
Today's market decline, has been tracking the old Li article friends psychology should have expected, in yesterday's re-opening article lao Li has made it clear that the market has a correction in demand, so today's decline is completely within our expectations.
Today as scheduled correction, the afternoon chips have obvious signs of flight, the main reason is that the index from the low point of rapid rise, in the short term accumulated a large number of profit-taking, coupled with yesterday also said that the current overall market trend has not to reverse the structure, this year Hong Kong investors have been losing money, worried about the market's weak profits in the loss back small differences are understandable, there is a possibility that there is a Central Bank meeting minutes, may be early speculation, leading to short-term volatility, this week's profit is also understandable.
Technical level index is close to the upward channel pressure to fall back, below the support 23800 near next Monday if the back pedal can not be low suction, waiting for the index out of the small N-shaped upward structure.
$TENCENT (00700.HK)$ Tencent is currently on the left, the stock price will not perform as strong as the index in the short term, is now mainly shock repair, but the support of the rising channel is still. At present for Tencent is to fall back 460 support low suction-based, above the focus on convergence pressure 500 near, if not effectively break through the standing position on high throw low suction, this interval back and forth to do T.
$MEITUAN-W (03690.HK)$  Group is also the same as Tencent, is currently concussion repair-oriented, under the support of 238, near the support can be low-sucking, shock market must not chase up.
$BYD COMPANY (01211.HK)$  BYD sales data is also a new high, we have no doubt about BYD's fundamentals, the outlook is also very optimistic, but the short-term market capital differentiation is more serious, or need to pay attention to 280 this upward trend line, if falling below this point, the short-term grinding trend will be very uncomfortable.
$AMC Entertainment (AMC.US)$  $Tesla (TSLA.US)$

By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock futures traded up early Thursday after the major averages pulled back, albeit close to records, on Wednesday.
- Nvidia's revenue reached $7.1 billion despite a continuing chip shortage that has dented the ability of some companies to keep pace with demand.
Market Snapshot
U.S. stock futures traded up early Thursday after the major averages pulled back, albeit close to records, on Wednesday.
$Dow Jones Industrial Average (.DJI.US)$ futures rose 50 points. $S&P 500 Index (.SPX.US)$ futures gained 0.24% and $NASDAQ 100 Index (.NDX.US)$ futures rose 0.41%.
Market Temperature
Read more: Market Temperature (11/18)
Top News
Fed's Waller: stablecoins could be healthy form of payment system competition
Though they require regulating, stablecoins may not necessarily need the same treatment as private banks, the Fed governor says.
U.S. climate risk guidance will be in line with global principles, bank regulator says
The acting head of the U.S.'s top banking regulator called for banks to be screened for climate risk as part of their periodic stress tests and said the agency's own regulatory approach was focused on maintaining the safety and soundness of the financial system.
New home construction slows as builders grapple with supply-chain headaches
The pace of permitting for new homes increased in October, underscoring the strong demand for housing.
Treasurys edge toward stability after selloff
U.S. government bond yields are showing signs of stabilizing near the top of their 2021 range after a bout of selling precipitated by last week's surprisingly high inflation data.
Nvidia posts record revenue as videogaming sales soar
Revenue reached $7.1 billion despite a continuing chip shortage that has dented the ability of some companies to keep pace with demand. $NVIDIA(NVDA.US)$
Google, CME cloud partnership could upend tech investments by traders
High-frequency traders have spent years building systems designed to work with the exchange's data center. $Alphabet-A(GOOGL.US)$
Pfizer searches for new CFO as Frank D'Amelio retires
The drugmaker is looking for a new chief financial officer following the retirement of its longtime CFO, Frank D'Amelio. $Pfizer(PFE.US)$
Read More
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Cathie Wood says institutional bulls will push bitcoin reaching $500k by 2026
Elon Musk says SpaceX eyeing to launch starship, 'The biggest rocket ever designed,' to orbit in January
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg

$FTSE Singapore Straits Time Index (.STI.SG)$ Today quite a few counters gap down. What does it mean for the future?

$TENCENT (00700.HK)$ up☝️