Asia Morning Analytics 040510 : Welcome the technical Rebound

Dear readers

Morning and would like to commend on the market's movement overnight. With the VIX down more than 8% overnight, it provides indication the current problems in front of us may be receding. This certainly promotes risk appetite and could look at potential short squeezes this session.

This more or less confirms our view of a technical rebound this week, given the high level of correlation for the markets. Please note that I do continue to pose a medium bearish trend over the market as implications from the events at hand do suggest further worries ahead od us.

As for the technical rebound opportunity, believe the best way to capitalise will be identifying relatively high beta stocks. May also look for cheap vaLuation, such as Gome and export related industries.

Again, trying to make it short recently, so if you would like to obtain our opinion over specific stocks, please feel free to contact us on gfainvestment@gmail.com.

Happy trading!

Ongy out.