US Stocks May Have Hit The High Of This Bounce 美国股市可能已触及反弹高点

After rising 937 points at its high this morning the Dow has since retraced more than half of the morning gain. Eager stock buyers rode yesterday's upside momentum pushed the market higher today on basically no news but base on hopes of decreasing infection cases and deaths. Technically, the S&P 500 has came back to near 62% fibonacci level of the second leg down and 50% level of the overall decline from Feb 19 high to March 23 low. This has been a impressive rally, however, it is a rally with no basis. The virus is still raging on all over the world, cities are still in lock down, business activities stopped, unemployment surged and corporate earnings are going to be bad are things still need to be resolved. The March 23 low of the S&P 500 still likely to be retested as people come to their senses that difficulties are still ahead. For S&P 500, the even number 2800 level would be a strong resistance that would be hard to surpass and it is likely the market may already hit the high of this rally this morning at 2757 and started to come down.

。With a sharp two-day rebound, the Dow Jones Industrial Average is now up 28% from its 52-week low of 18,213.65 hit on March 23. The 30-stock average jumped 2,400 points in just two trading sessions. Meanwhile, the S&P 500 rallied about 10% this week so far, bouncing 24.7% from its 52-week low of 2,191.86 reached on March 23. For the tech-heavy Nasdaq Composite, the benchmark jumped 9.6% week to date, now 21.7% up from its 52-week low of 6,631.42 also hit on March 23.
---CNBC

。Latest world and US virus statistics

Global cases: More than 1,359,300
Global deaths: At least 75,945
US cases: At least 368,449
US deaths: At least 10,993

。A new burst of animosity between Saudi Arabia and Russia has pushed back today's virtual R-OPEC meeting to later in the week, oil spiked after a Reuters rehash of headlines over the past 3 days, namely that Russia is ready to discuss very substantial oil output cuts "due to global demand collapse", but - just as we warned over the weekend - Russia dded that "global oil output cuts of 10mmbpd might not be enough to balance the market."---ZeroHedge

。The Trump administration is considering legal action against China after leading US manufacturers of medical safety gear say Beijing has prohibited them from exporting goods in what the New York Post says was a bid to "corner the world market" in personal protective equipment (PPE).---ZeroHedge

。Before people get too excited about these latest numbers out of New York, we noticed several epidemiologists and other 'data people' found flaws in the numbers that they highlighted on Twitter. One expert who reviewed the data said she found a pattern that suggests the city might have underreported deaths yesterday, meaning these encouraging numbers don't reflect reality, and that more deaths would be reported later on Monday to compensate.




道琼斯指数今天早上在最高点上涨937点之后，现在已经回撤了早盘涨幅的一半以上。在昨日的上涨势头下，渴望购买股票的人推动了今天的股市走高。今早基本上没有好消息，只不过是人们基于感染病例和死亡人数有所缓和的希望而已。 从技术上讲，从2月19日的高点到3月23日的低点的跌幅来算，标准普尔500指数已反弹了50%，并且碰到了第二波回落幅度反弹62％水平。 这是一次令人印象深刻的强力反弹，但是，这是没有根据的反弹。 病毒仍在全球蔓延，城市仍处于封锁中，商业活动停止，失业率飙升，企业收益将变差，所有这些事情仍然需要解决。 随着人们逐渐意识到困难还在前头的时候，标准普尔500指数的3月23日低点仍可能会再次受到测试。对于标普500指数来说，偶数2800水平将是一个强大的阻力，很难超越，并且市场很可能已经在今早的2757点触及这次反弹高点并已开始下跌。

。道琼斯工业平均指数经过两天的大幅反弹后，较3月23日触及的52周低点18,213.65上涨了28％。该30只股票的平均价格在两个交易日内上涨了2,400点。 与此同时，标准普尔500指数本周迄今已上涨约10％，较3月23日触及的52周低点2,191.86反弹了24.7％。对于科技含量高的纳斯达克综合指数从3月23日触及的52周低点6,631.42上升，本周迄今上涨了9.6％，从低位至目前上涨了21.7％。---CNBC

。最新全球病毒统计：

全球案例：超过1,359,300
全球死亡人数：至少75,945
美国案件：至少368,449
美国死亡人数：至少10,993

。沙特阿拉伯与俄罗斯之间的新一轮敌意使今天的虚拟R-OPEC会议推迟到本周晚些时候。在路透社在过去三天的头条新闻重述之后，油价飙升。俄罗斯准备讨论非常大量的石油产量 减产是“由于全球需求崩溃”，但正如我们在周末警告的那样，俄罗斯表示：“全球石油减产10毫米桶/天可能不足以平衡市场。”---ZeroHedge

。特朗普政府正在考虑对中国采取法律行动，此前美国领先的医疗安全设备制造商表示，北京已禁止他们出口商品，《纽约邮报》称这是为了试图“操控个人防护装备（PPE）世界市场”。---ZeroHedge

。在人们对纽约以外的最新数据感到兴奋之前，我们注意到几位流行病学家和其他“数据人”发现了他们在Twitter上突出显示的数字中的缺陷。 一位查阅数据的专家说，她发现了一种模式，暗示该市昨天可能少报了死亡人数，这意味着这些令人鼓舞的数字并未反映现实，并且将在周一晚些时候报告更多死亡人数以进行补偿。---ZeroHedge