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<p>美国股市星期五大幅回升.</p><p>US stock market is the usual driving force for Asia markets. DJ30 recovered 157.6 points on Friday, bouncing back from 3 consecutive sessions of broad-based selling. DJ30, NASQAD and S&P all opened Friday at, or near, Thursday's low, and recovered more than 3/4 of the previous loss at the end of the trading session. Friday's candlesticks on all three indices showed market is not done with the recovery. VIX and VXO, the volatility indices that measure investors' sentiment, took a huge recovery from extreme bearishniss on Friday, but had not returned to neutral levels. We are still having bearish sentiment. However, next week is June's options expiration week. More short covering can be expected. We can therefore expect DJ30, NASDAQ and S&P 500 to test, and even break out of, their respective 20-days moving averages. If that is the case, Asia market can also expect a bullish week.</p> |
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