Bear Market Rally Is Over 熊市反弹结束

 US stocks opened down sharply on the following negative news:

-Elon Musk said he has a "super bad feeling" about the economy and indicated that TSLA needs to cut about 10% of its staff. TSLA is down nearly 7%.

-Piper Sandler downgraded MU from Neutral to Underweight, target from 90 to 70, citing oversized exposure to consumer electronics. MU is down nearly 7%.

-Mega tech stocks are down over 2% on average: AAPL-3.25, QCOM-2.75%, NVDA -3,37%, AMZN -2.46%, GOOG -2.26%.

-US May confirm payroll came in +390K Vs 325K expectation. Stronger payroll report increases chance of Fed tightening.

Technically, major market indexes have hit resistances after a strong bounce from May lows. Resistances are Nasdaq Composite 12300. S&P 500 4200 and Dow Jones Industrial 33250. Market is likely to resume its down trend to retest May lows at Nasdaq11035, S&P 500 3810 and Dow 30635. Federal Reserve is to decide on interest rate hike on June 15 and Q2 earnings to start on second week of July will likely pressure the US stock market in the near term. SQQQ, SOXS and UVXY are good ways to participate on the market's down turn.

由于以下负面消息，美股开盘大幅下跌：

- 埃隆马斯克表示，他对经济有一种“超级糟糕的感觉”，并表示 TSLA 需要裁减约 10% 的员工。 TSLA 下跌近 7%。

-Piper Sandler 将 MU 的评级从“中性”下调至“减持”，目标从 90 下调至 70，理由是对消费电子产品的参与过大。 MU 下降了近 7%。

-大型科技股平均下跌超过 2%：AAPL-3.25、QCOM-2.75%、NVDA -3.37%、AMZN -2.46%、GOOG -2.26%。

-美国 5 月非农就业人数增加 39 万，而预期为 32.5 万。较强的就业报告增加了美联储收紧政策的可能性。

从技术上讲，主要市场指数在从 5 月低点强劲反弹后遇到阻力。阻力位是纳斯达克综合指数 12300、标准普尔 500 指数 4200 和道琼斯工业指数 33250。市场恢复下跌趋势的机会大，或会重新测试纳斯达克 11035、标准普尔 500 指数 3810 和道琼斯指数 30635 的 5 月低点。美联储将在 6 月 15 日议息和7月第二周开始的第二季度财报都会给美国股市带来下跌压力。SQQQ、SOXS 和 UVXY 是参与市场下行的好方法。