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…
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…
First, the VIX, which has gotten clobbered on whatever is making the markets feel good today. I added some VIXY back yesterday as a vol. hedge, but obviously did so…
One week it is Trump tweeting, another it is India reflating, another it is the Fed talking about permissiveness on inflation, another it's China stimulating... and so on. This time…
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…
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…
We wondered in a post this morning whether USD or some anti-USD markets were off base as all items were firm. Answer: Uncle Buck had stepped off sides and afoul…
A very simple update. As I was planning to cover some US market shorts (cover SPY and sell the SPXS bear fund) I also looked to increase exposure elsewhere. I…
Also from yesterday's pre-market update (incl. 1st chart below)... We noted 42 to 43 as the initial support per Tuesday’s NFTRH+ update on FXI. “FXI is getting to a point…
Let’s preface by noting that like Europe, a trade or investment in China should be backed by one’s own research and opinion as NFTRH+ updates do not tend to include my opinions about the stock or asset class in question. They are simply technical setups on areas that appear to be of interest at a given time.
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),…
A snapshot of the current technical status of several key markets (a lot of charts today because macro changes seem to be in effect)…
GLD broke down from the Sym-Tri (strike 1), lost the June low (strike 2) and now would try to find support at the December low, equiv. to gold 1180. Over sold, prone to bounce but technically bearish below 120 and 123.
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).
A snapshot of current technicals for key markets…
GLD became very bearish with the breakdown from 124. A rise above 123 is needed to even begin to repair this chart.