Oh BABA, what a move!

As noted recently, NFTRH is far more than a gold stock rag. NFTRH 610 noted along with its still-bullish analysis:

Folks, you know I am not going to tout, sponsor or cheer lead this crap. The “Got Gold?”, “Go Gold!” “Rah Rah Gold!” crowd has that covered well enough.

Among other markets is a growing theme about Asia, as first Taiwan (my exposure is in the form of TSM per this June 1 NFTRH+ update) began out performing the US market and now other regions are looking prospective.

Here’s the EWT/SPY chart we’ve been tracking. That’s a relative trend change in the making.

ewt

Today China popped its lid after we’d been tracking this constructive chart of the China A-Shares vs. Large caps.

ashr fxi

It’s a much bigger world out there than the gold stock universe (or the US stock universe for that matter), difficult though it is to convince the hardest core bugs. #610 simply noted, along with the chart… “Holding BABA as it maintains its uptrend.”

You could read a targeted objective of 290 into the chart.

baba

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