Good performance slightly stable U.S. stock market slightly reduce the pressure to renew

Li Weicheng U.S. stocks in the market will be better than expected to support the prospect of a temporary setback, it appears that the mood slightly stable, the material so that Hong Kong stocks in 17,376 before the rebound and regained just lost 17,710, Shink 17,863 to fill the Rift 17,892 to 18,142. Wall Street's three big indexes fell after a big fall: (1) The Dow Jones index closed the 8,178.41, that is, 14.81 points after 161.27 points, (2) The standard and poor index continued to decline 1.41 points, 879.66, (3) The Nasdaq index slightly 1 points, 1,747 17. The New York's ability to suspend the past three trading days is due to (a) market participants speculating that the latest quarterly performance of companies will be better than those expected. The Dow has also been able to stop the fall in the sector, while Alcoa's quarterly performance after the close of the market was: (i) loss of $454 million and three consecutive quarterly losses　　(ii) the loss of USD 0.26 per share was less than the estimated 0.38 US dollar loss, which allowed its share price to rise by 7% during the extended trading period. The latest report of the International Monetary Fund (IMF) should also have a relatively stable effect on New York and even global Equities: (a) a slight deterioration of the global economy from 1.3% to--1.4% in 2009, but (b) increased from 1.9% to 2.5% in 2010,　　The recession has slowed, but it is believed the pace of recovery will be milder. Both commodities futures are under pressure (a) New York crude oil futures closed 60.14 U.S. dollars per barrel price, down 2.29 U.S. dollars, because the stock of U.S. gasoline last week increased by 1.9 million barrels, far more than the estimated 600,000 barrels, the LUN fell Dumbrant period oil received 60.47 U.S. dollars, also fell 2.8 U.S. dollars.　　(b) The New York period gold charge of 909.3 dollars per ounce, a sharp setback of 19.8 U.S. dollars. HONG Kong stocks July 8 close 17,721 07, down 141.2 points. The Hang Seng index Yin and Yang Candle Day line chart by respectively Yang, Yin Candle ' Shooting Star ', turn to Yang Yanda candle down, to be changed, the main technical indicators continue to go bad: (1) 9RSI top back down below the track and then lose the middle axis fell to 46, short-term momentum nen weak; (2) stc%k top back below%d lower to the oversold area of 19,　　continuously strengthen the short-term distribution of signals, (3) Dmi+di top back-di downward, there is a midline flat evil feeling; (4) MACDM1 top back and line M2 into two bears and both lower, diff also in the negative side continued to fall, the median line of light. Even if we believe that Hong Kong stocks do not rule out a greater adjustment pressure in the short term, but maintain the ' cautious optimism ' view of Hong Kong stocks, it is because: (a) The sharp decline of New York, mainly by a number of specious or outdated remarks, and for large fund By ' taking advantage of the opportunity to sell the goods, if the situation is not as bad as guessing, the market will be stable.　　(b) Shanghai and Shenzhen stock market in the peripheral market repeatedly soft, there is a strong resilience. As long as New York is stabilized later, Hong Kong stocks have taken the appropriateAfter the consolidation, the next step back to the road, the more robust; estimates of Hong Kong stocks will still be tested (i) 17,710 to (ii) 17,376, after which the interval is missed, and 16,789 can be adjusted to fill back (a) 17,863 to 17,653; (b) 17,892 to 18,142 and (c)　　18,275 to 18,408. Hang Seng Index resistance level and support position estimated initial resistance level 17892 strong resistance level 18275 initial support bit 17493 strong Support bit 17376