Group 1 - The New York stock market indices showed positive performance on February 18, with the Dow Jones Industrial Average rising by 129.47 points to close at 49,662.66, a gain of 0.26% [1] - The S&P 500 index increased by 38.09 points, closing at 6,881.31, reflecting a rise of 0.56%, while the Nasdaq Composite index rose by 175.25 points to 22,753.63, marking a 0.78% increase [1] - Among the S&P 500 sectors, eight out of eleven sectors experienced gains, with the energy sector leading at 2.00% and the consumer discretionary sector at 1.00%, while the utilities and real estate sectors saw declines of 1.70% and 1.45%, respectively [1] Group 2 - The U.S. Department of Commerce reported that new orders for durable goods in December 2025 amounted to $319.6 billion, a month-over-month decrease of 1.4%, which was weaker than the previous month's revised increase of 5.4% but better than the market consensus expectation of a 2.3% decline [2] - Core capital goods new orders increased by 0.6% month-over-month, surpassing the market expectation of 0.2%, although it was lower than the previous month's revised increase of 0.8% [2] - The new housing starts in December 2025 were reported at an annual rate of 1.404 million units, exceeding the market consensus of 1.31 million units and the previous month's revised figure of 1.388 million units [2] Group 3 - The Federal Reserve's January industrial production index rose by 0.7% month-over-month, exceeding the market consensus of 0.4%, while the previous month's figure was revised down from 0.4% to 0.2% [2] - The industrial capacity utilization rate for January was reported at 76.2%, which was below the market expectation of 76.5%, with the previous month's figure revised from 76.3% to 75.7% [2] - Analysts noted that the S&P 500 index is currently testing the 50-day moving average at 6,934.66 points, having previously dropped below this level five times since November 2025, but failed to establish higher peaks in the last two attempts [2][3]

Core Viewpoint - Brent crude oil futures prices have declined in recent intraday trading, reversing previous gains and attempting to escape the overbought condition indicated by the relative strength index, particularly in the presence of negative overlapping signals [1] Group 1 - Brent crude oil prices continue to trade above the 50-day moving average, which represents dynamic support and reinforces the stability and dominance of the short-term primary uptrend [1] - The trading pattern aligns with the support line of the trendline, indicating a consistent upward trajectory [1]

Core Viewpoint - Brent crude oil futures prices have recently declined, influenced by negative signals from the relative strength index, following a period of recovery from oversold conditions, which has paved the way for confirming the downward trend [1] Group 1 - Brent crude oil prices are currently supported by the 50-day moving average, which may provide an opportunity for a rebound [1] - The short-term trading aligns with a smaller upward trend line, further reinforcing the expectation of a potential price recovery [1]

Group 1 - Brent crude oil prices have shown slight fluctuations after recovering some losses, indicating a potential stabilization in the market [1] - The prices have successfully escaped the oversold condition indicated by the relative strength index, reaching the resistance level of the 50-day moving average [1] - However, the prevailing bearish correction in the short term has led to a retreat in price gains, threatening the stability of upward movements and making it susceptible to potential signals [1]

Group 1 - Short-term sentiment remains active, while mid-term sentiment is diverging; a significant opportunity will arise when short to mid-term sentiment reaches a freezing point, which has not yet occurred [1] - The leading index, the ChiNext Index, appears to have reversed and established a new trend, with trading volume gradually shrinking; the short-term average volume has been below the mid-term average for a month [2] - One of the leading stocks, Victory Technology, has broken below the 50-day moving average and is about to undergo a convex reversal [3] Group 2 - The strength of the banking, insurance, and securities sectors is too weak, remaining under pressure from the 50-day moving average, making sustained upward movement unlikely [3] - The innovative drug sector is also under convex pressure, with occasional rebounds expected to be difficult to sustain [3] - The photovoltaic equipment sector shows a structured expansion in trading volume, with active accumulation at the bottom; the Relative Strength Ratio (RSR) has turned positive, indicating it is worth following [3]

Group 1 - The 10-year U.S. Treasury yield has fallen below the 200-day moving average, currently at 4.35%, marking a decline of approximately 6 basis points and continuing a downward trend for the fourth consecutive trading day [1] - Earlier in the day, the yield also dropped below the 50-day moving average and is approaching the 100-day moving average [1] - Bloomberg data indicates that the closing rates for these three technical indicators last Friday were 4.3584%, 4.4064%, and 4.3388% respectively [1]