MARKET INSIGHTS_1312022

MARKET PULSE
The VN-Index closed the trading session forming a "Dark Cloud Cover" trading pattern. Trading volume decreased but remained above the 20-day average. The decrease in trading volume was mainly due to many stocks having excess sell orders at the floor price with no buyers, rather than a reduction in selling. Total excess sell orders reached 1 billion shares on HOSE during the day. Key points to note: (i) RSI(14) has not yet established a new low, and investors might expect a Failure Swing to form in tomorrow's session. However, with the current technical pattern, we observe that the market sometimes experiences unexpected drops that do not follow typical rules. This means that, theoretically, there might be a recovery tomorrow, but developments often go against the majority's expectations. (ii) Three major sectors are currently trading below MA(50): securities, fertilizers, and steel, and the risk of more groups joining them is present due to aggressive selling of stocks during the day. Notably, there were quite a few unexpected "AirPockets". (iii) The bright spot is that the index still remains above the dynamic support MA(50), however, the market lacks the widespread influence of leading stock groups. We observe an effort in the banking and steel sectors, and tomorrow will be a crucial test for these groups to see if the risk rotation can continue. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 42% probability of increasing and a 57.69% probability of the closing price being higher than the opening price. Statistics suggest the market will decline tomorrow. If the market declines, investors should reduce their stock holdings. If the market increases, further observation is recommended before considering a purchase. For speculative stocks, it is advisable to exit the holding position. Stock Support and Resistance for the Day (EOD) Stocks with unusual surge in trading volume during the day Watchlist of stocks for tomorrow Intraday Chart: * Will rising interest rates lead to a decrease in profitability?; * Will 2022 be a year of strong volatility for the stock market? US Stock Market: A significant one-day drop in the dollar index implies that investors are mindful of inflationary pressures at a time when crude oil inventories are falling. This has had a positive impact on energy stocks. The forecast is for indices to continue their downward trend. Investors can download the full report via the following link: