[2021.5.19] Yesterday's Market Review and Today’s Thoughts
Stock price: The Nikkei Stock Average rebounded sharply yesterday, rising by 582.01 points. The short selling ratio remains high at 39.6%, but since it has returned to the pre-SQ level, it is unlikely to attract buying from here. Observing that the short selling ratio rose before Japan's SQ last week and returned after SQ suggests that selling pressure aimed at hedge funds' SQ occurred. From here, the market is expected to swing up and down. Waiting and watching is prudent.
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