Daily Brief Financials: Hang Seng Index, SPDR S&P 500, Israel Acquisitions , Yanlord Land and more

• The HSI INDEX index closed December (barely) up, no rally, nullifying completely the MONTHLY time bar count pattern suggesting a LONG MONTHLY trade (the 1-bar reversal has already happened).
• The index is approaching the Q3 support at 16449. A WEEKLY bounce is possible from that level, but we don’t know if the bounce can last more than 1 week.
• If the index keeps going down this week, it could find support between 16500 and 16000. A longer correction could end in the 15800-15600 price area. Use tight stops.

• The last twelve months were, market-wise, interesting. Multiple things have happened that contributed to changes in my thinking-process.
• Refining thoughts and the mental mechanism I utilize to approach portfolio management should lead to success, or at least that is my hypothesis.
• Continuous learning allows for building more solid premises. Given time, compound interest sharpens them to the point where chances of error are minimum.

• The first week of trading in 2024 was packed with deals and updates for SPACs.
• Three new deals were announced, including a SPAC taking an amusement park-focused tech firm, a helium exploration company, and an insurance brokerage firm public.
• Also, a film studio completes an acquisition ahead of its merger, and a sponsor sells its stake in a SPAC. Read on to find out the latest about all things SPACs. 

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.

• China Jinmao Holdings
• Lippo Malls Indonesia Retail Trust
• Yanlord Land