FastSaying
The market is following the Nasdaq and the Dow Jones higher but there is a lack of buying momentum so it might fall back later in the day.
George Chan
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The banking sector continued to undergo consolidation after their recent gains but the telecom sector is doing quite well following a rebound in European stocks last week.
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When buying momentum starts to fall off the market starts to correct and I think we'll have a mild correction today.
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Today is the last day of the first half so I think window dressing by fund managers wanting to make their portfolios look good will keep the index above 16,000.
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Don't panic, there are adequate supplies of everything.
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The big blue chips like China Telecom and Hutchison have been oversold in the past few days so they're attracting bargain hunting.
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