Weibo bucks China wipe out on rumor

Weibo stock rises while other Chinese stocks sink As word of crackdowns (from both China’s central planners and the US) on large Chinese companies intensifies and FXI drops… …one stock is going the other way. WB is +13% after being +40% at one point in pre-market. First there was news that it is being taken private, but then quickly followed a denial by the company. … Continue reading Weibo bucks China wipe out on rumor

NFTRH+; Technical Reason This Global Position Was Added

From yesterday’s trade log: “I am going to choose to imagine a large Cup & Handle on the FXI weekly chart and buy it.” Before getting to the technicals, I want to note that the idea of casting our view globally is also supported by the developing taxation situation in the US, with Yellen most recently jawboning corporate tax increases. Also, we noted in NFTRH … Continue reading NFTRH+; Technical Reason This Global Position Was Added

Two NFTRH+ China Stock Ideas Still on Plan

We had NFTRH+ updates on both CHL and TCEHY in January (now publicly accessible). NFTRH+; 1 Short-term Breakout, 1 Potential Long-term Breakout (a highlight of both CHL & FB on Jan. 15) NFTRH+; A Chinese Stock Activating a Bottoming Pattern [w/ edit] (a highlight of TCEHY on Jan. 18) Then I decided to highlight them publicly as well after the Macro Tourist (who I really … Continue reading Two NFTRH+ China Stock Ideas Still on Plan

vs. SPY

A few interesting pictures ‘vs. SPY’… Gold miners have risen vs. SPY since early September. Treasury bonds, hated by absolutely everybody (except maybe readers of this website) in September have absolutely blasted off in relation to SPY with Mr. Powell’s deftly engineered risk ‘off’ operation. Chinese Large Caps have maintained the intermediate uptrend vs. SPY. Even the World is starting to bounce vs. the former … Continue reading vs. SPY

FXI Launch Not Taking NFTRH Subscribers by Surprise

While featuring good calls that I have failed to personally take advantage of (can’t buy everything and my focus has been on Biotech and Specialty Pharma for available risk funds), here is another one.  Using the associated index FXT, we have been chronicling the China 25’s attempted and actualized breakout for months now. Also, last week NFTRH 337 included a chart of FXT vs. SPX … Continue reading FXI Launch Not Taking NFTRH Subscribers by Surprise

NFTRH; Multi Market Update

Gold stocks are down again today and it is now decision time (for the sector if not individuals).  That is because the parameter is to not make and hold a new low to the May low on a closing basis.  We noted that a bounce is possible and if it is going to happen it should happen around here, at the May low with a similar over sold RSI.  Either that or it would be broken with a lower low (that does not reverse quickly).

Continue reading “NFTRH; Multi Market Update”