Credit thaw forecast pushes up rally

Prudential Securities Ban as U.S. Treasury Secretary Timothy Geithner publicly said the US credit market is showing signs of thawing, the cost of capital fell and investor sentiment continued to improve, with stocks sharply higher in Monday, with the three major indexes rising about 3% and US debt falling, reflecting the outflow of funds from refuge, in line with the recent mood shift in investor sentiment towards economic change. In fact, when the fourth quarter was extremely pessimistic, central banks continued to cut interest rates and even to adopt quantitative easing, with much more money than was needed in normal markets, and the only hurdle was whether the real economy could actually flow. There are signs of thawing in the credit markets and the power of the practices is emerging.　　Capital flows, one of which was Hong Kong, the Hong Kong dollar continued to be strong, and the Hong Kong dollar was also down. Capital inflows led to a sustained rise in Hong Kong stocks, with Hong Kong stocks rebounding strongly from lows in Monday and regaining 10-day moving averages, with all investors focusing on the 250-day line.　　Tuesday, the HSI broke through 250 antennas, reported 17,454 points, the state-owned enterprises index is tens of thousands of points, reported 10,074 points.　　From the technical trend, first look at the change of the moving average line, the 250-day moving average of the Hang Seng index has been broken and kept steady, with a 10-day, 20-day, 50-day and 100-day moving average, which is now awaiting 10 days to break the 250-day line and continue to the 18,000-point. From the point of view analysis, May HSI Futures Day closed 17,476 points, 626 points, low water 68 points, May National Futures Day closed 10,068 points, 368 points, low water 5 points. 14 days Relative Strength index is 68 level, superficially slightly expensive, but in the capital-driven hot market conditions, not too much. In the short term, with the continued inflow of funds, the technology of Hong Kong stocks is still good.　　The risk has increased as more and more investors have moved from being afraid to pursuing buying. Judging from the plate classification, although the first quarter of Hong Kong's economic data released in Friday was far worse than expected, global investors have begun to have a more optimistic outlook for the economy, after the thaw in credit markets, as funds continue to flow from defensive common stocks, and common stocks continue to fall, with the HEC (00006). HK), CLP Holdings (00002. HK), Chinese gas (00003). HK) is spared.　　On the whole, apart from the fall in common stocks, the financial, real estate and industrial and commercial sectors have risen. In the early days of European equities after the close of the Hong Kong stock market, both the Anglo-French and German stock markets saw a rise, while the Dow index, which reflected U.S. stocks, rose more than 2 points, an estimate that Tuesday stocks would continue to be good. Hong Kong has recently broken through the earlier resistance, but the money or the sharp retreat, investors should seize the opportunity to sell a stake in the holding, in order to more calm and rational trading.