10 Quotes by Linus Yip
- Author Linus Yip
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We're still in sluggish trade. Confidence is not good in Hong Kong; investors are still worried about interest rates and the market is not optimistic about the results announcements.
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We should have a rebound today as we are oversold but it will be very difficult for the market to resume an uptrend for now.
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There's no Federal Reserve meeting this month, which gives rate-sensitive stocks a window to recover.
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Property stocks will still be volatile due to the interest rate worries... you see some investors took profit at some high levels.
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The volume is pretty good, which means the market is firm at current levels. The market is still strong and can test higher between 16,600 and 16,700 next week.
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The interest rate worries are still there. The downside is still high, and for next week, the market will be locked in a tight range between 15,200 and 15,500 as the index futures contracts roll over.
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The market's on the strong side after breaking the 16,000 level.
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The market is turning weak. The short-term downside risks are high.
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The market has confirmed the breakthrough above 16,000 and that is giving confidence.
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