The S&P 500 has risen for seven consecutive weeks—should you chase the rally or take profits?
Dow Jones ($Dow Jones Industrial Average (.DJI.US)$ ) dropped over 300 points overnight amid volatility and broke below its 20-day moving average; currently fluctuating between 49,000 and 50,000 points; Nasdaq 100 ( $NASDAQ 100 Index (.NDX.US)$ ) fell below its 10-day moving average for the first time in nearly a month and a half, potentially seeking support near the 20-day moving average around the 28,200 level.
If bullish on the Dow, consider watching $SG#DJIA RC2612C.C (49560.HK)$ , recovery price 46,000 points. Conversely, if bearish, consider $SG#DJIA RP2812Q.P (49863.HK)$ , with a recovery price of 53,000 points. If bullish on the Nasdaq, consider watching $SG#NQ100RC2612K.C (49611.HK)$ , recovery price at 27,000 points. Conversely, if bearish, consider watching $SG#NQ100RP2812K.P (49603.HK)$ , recovery price at 31,000 points.

Apple( $Apple (AAPL.US)$ ) has recently been consolidating narrowly around the psychological $300 level; watch whether it can rebound with support from the 10-day moving average. For those bullish on Apple, consider monitoring $SGAPPLE@RC2610A.C (11132.HK)$ , strike price at 300. Conversely, if bearish, consider watching $SGAPPLE@RP2609A.P (11063.HK)$ , with a strike price of $248.
Terra ($Tesla (TSLA.US)$ ) declined for four straight days, briefly dropping below the $400 level, and closed just above its 20-day moving average; further declines could test the 50-day moving average near $387. For those bullish on Tesla, consider monitoring $SG-TSLA@RC2610A.C (11134.HK)$Tesla ( ) made progress in the development of AI chips, which boosted the stock price to surge more than 7% overnight, testing the 50-day moving average near the $390 level; the medium-term downtrend may have reversed. If you're bullish on Tesla, you can consider , with a strike price of $490.$SG-TSLA@RP2612A.P (11135.HK)$Conversely, if bearish, you can look at , with a strike price of $330.
Societe Generale Securities Listed Products Sales Department
This article is provided by Societe Generale Securities (Hong Kong) Limited (“Societe Generale”). Structured products are not collateralized. If the issuer or guarantor becomes insolvent or defaults, investors may not recover part or all of their investment. The above information is for reference only, targeting Hong Kong residents, and does not constitute advice or recommendation. Structured products involve risks, and their prices can go up or down, potentially resulting in the loss of the entire investment. Past performance is not indicative of future results. Societe Generale acts as the liquidity provider for the structured products mentioned in this article. In certain circumstances, Societe Generale may be the sole party providing buy/sell quotes for the structured products on the exchange. Before investing, fully understand product risks, consult professional advisors, and carefully read all details about the structured products in the listing document. Please refer to the listing document at Societe Generale's webpage hk.warrants.com.
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