Castor Pang
Castor Pang
driven panic rebound signal strong today yesterday
The plunge yesterday was driven by panic selling, the rebound today is a strong signal for buying.
lift negatives
There are more negatives out there than anything to lift the market.
correction mode regarded shares
H shares were still in a correction mode because many are already regarded as being expensive.
chasing china commodity investors last obvious profits stocks taking
Overbuying of China stocks was obvious in the last two weeks. Investors are taking profits gradually, but some are still chasing laggards such as commodity stocks.
austerity china correction expect further hit likely short stocks
China-related stocks will likely to be hit by the austerity measures. I expect further correction in China stocks in the short term.
current factors obvious quite support upside
The profit-taking is quite obvious this morning. The current factors and the fundamentals can't support the index to go up further. At this level, the upside is limited.