Morning Market News And Comments 早盘市场新闻及评论

Pacific Time 7:23 AM : Dow ＋14.。40，  S&P 500 +18.60， Nasdaq+65.38， Russell 2000 +16.55, WTI crude oil-0.22%，Gold-0.59%， US dollar index+0.15%.

Oversea markets: Shanghai-0.41%, Japan+0.24%, Hong Kong -0.57, Germany-1.84%, UK-0.89%, France-1.77%.

Weak sectors: GDX, GDXJ, GLD, SLV   Strong sectors:SMH, IGV, IYM, FDN, IBB, FXI, IYR, OIH

U.S. Commerce Department to ease restrictions on Huawei Technologies, US stock market rallies.
Strength in semiconductor, software, social media and biotech stocks are helping the rally. However, as US-China trade war is getting worse, the US stock market rebound should not go far. It is understandable that the semiconductor ETF SMH has rebounded from its 200-day moving average support in oversold conditions. Meanwhile, major market indexes are still bounded by their 200 day moving averages and 50 day moving averages, and they should trade between these levels. The 50 day moving average for Dow, S&P 500 and Nasdaq are 26074, 2872 and 7879 respectively. These level should serve as resistances.   The 200 day moving average for Dow, S&P 500 and Nasdaq are 25432, 2777 and 7533 respectively. These level should serve as supports.

。U.S. Commerce Department to ease restrictions on Huawei Technologies. Secretary Wilbur Ross said the Chinese telecom equipment supplier will be able to access U.S. technology for up to 90 days in order to maintain existing networks and handset updates, while American firms should use the time to source alternative suppliers. ---Wall Street Breakfast

。"This is wrong behavior, so there will be a necessary response," Zhang Ming, China’s envoy to the EU, said in an interview in Brussels on Monday. "Chinese companies’ legitimate rights and interests are being undermined, so the Chinese government will not sit idly by." ---Zero Hedge

。Oil prices gained Tuesday, with U.S.-priced crude trading at its best levels this month, as Middle East tensions were stoked anew when Yemen’s Iranian-allied Houthi rebels said they attacked a Saudi airport. Traders again weighed signs that the Organization of the Petroleum Exporting Countries will decide to extend its production-cut agreement following a committee meeting over the weekend. ---Market Watch

。Morgan Stanley analysts have delivered another blow to Tesla (NASDAQ:TSLA), slashing their worst-case scenario for the stock price to just $10 (from $97) because of concerns the electric car leader has saturated the market. "Demand is at the heart of the problem," analysts led by Adam Jonas said in a note. "Tesla has grown too big relative to near-term demand, putting great strain on the fundamentals." As shares drop under $200 premarket, the Tesla selloff has now exceeded 20%. Jonas kept his main price target for the stock at $230 and also has a bull-case valuation of $391. ---Wall Street Breakfast

。InterDigital Wireless (IDCC) said it can still supply 5G network tech to Huawei despite the U.S. ban because the export control laws don't apply to patents, which are public records and not confidential tech. Trade attorneys told Reuters the same situation could apply to Qualcomm (QCOM), which supplies chips for Huawei's lower-priced handsets but makes most of its money from patent licenses. ---Seeking Alpha






太平洋时间上午7:23：道指+ 14..40，标准普尔500 +18.60，纳斯达克+ 65.38，罗素2000 +16.55，WTI原油-0.22％，黄金-0.59％，美元指数+ 0.15％。

海外市场：上海-0.41％，日本+ 0.24％，香港-0.57，德国-1.84％，英国-0.89％，法国-1.77％。

弱势行业：GDX，GDXJ，GLD，SLV强势行业：SMH，IGV，IYM，FDN，IBB，FXI，IYR，OIH

美国商务部放宽对华为技术的限制，美国股市飙升。半导体，软件，社交媒体和生物科技股的强势正在帮助上涨。 不过在美中贸易战越来越严重的情况下，美股反弹应该不会走远。半导体ETF SMH在超卖情况下触及其200天移动平均线支撑而导致反弹是可以理解的。 与此同时，主要市场指数仍然受到200日均线和50日均线的限制，它们应该在这些水平之间进行交易。 道指，标准普尔500指数和纳斯达克指数的50日均线分别为26074，2872和7879。 这些水平应该是阻力。 道琼斯指数，标准普尔500指数和纳斯达克指数的200日均线分别为25432，2777和7533。 这些水平应该是支持。

。美国商务部放宽对华为技术的限制。局长威尔伯罗斯说，中国电信设备供应商将能够采用美国技术长达90天，以维持现有的网络和手机更新，而美国公司应该利用时间来寻找替代供应商。 ---Wall Street Breakfast

。“这是错误的举动，所以会有必要的回应，”中国驻欧盟特使张明周一在布鲁塞尔接受采访时表示。 “中国公司的合法权益受到破坏，因此中国政府不会袖手旁观。” --- Zero Hedge

。周二油价上涨，美国原油价格本月处于最佳水平，因为也门的伊朗盟友胡希叛乱分子称他们袭击了沙特机场，中东紧张局势再次爆发。炒家再次表示，石油输出国组织将在周末召开委员会会议后决定延长其减产协议。 ---Market Watch

。摩根士丹利分析师给特斯拉（TSLA）带来了另一个打击，由于对电动汽车领导者已经让市场饱和的担忧，他们将股票价格的最坏情况削减至10美元（从97美元）。 “需求是问题的核心，”Adam Jonas领导的分析师在一份报告中表示。 “特斯拉相对于近期需求增长过大，给基本面带来了巨大压力。”由于股票跌破200美元上市，特斯拉的抛售现已超过20％。乔纳斯将该股票的主要目标价维持在230美元，并且还有391美元的牛市估值。---Wall Street Breakfast

。InterDigital Wireless（IDCC）表示，尽管有美国禁令，它仍然可以向华为提供5G网络技术，因为出口管制法律不适用于专利，这些专利是公共记录而非保密技术。贸易律师告诉路透社，同样的情况可能适用于高通公司（QCOM），该公司为华为低价手机提供芯片，但其大部分资金来自专利许可。---Seeking Alpha