Linus Yip Market Quotations

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.

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.

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.

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.

The market is turning weak. The short-term downside risks are high.

The market has confirmed the breakthrough above 16,000 and that is giving confidence.

The market is drifting downward with uncertainties in the market.