Evergrande is something that most of you will have heard about lately, and if you haven’t… you should get the know about it. This has been one of the main causes of the latest sell off in markets. Its affecting all financial markets from the stock market to the crypto market right now. I want to explain why that’s the case and what impact it might have going...
Gap needs to get filled, I dont see any support yet at this point. Also evergrande is going to fall.
NASDAQ:EMB As a way to get exposure to the China housing debacle.... I go over my chart on a new position I opened that has relatively low volatility considering the weight of exposure it may have to the chinese housing collapse.
Yesterday saw some significant moves in several key macro factors. The charts below detail the sharp escalation in China stress (at the national, rather than real estate sector specific level) & the impact that had on broader risk appetite in markets. The Evergrande story has been in motion for months. Up until yesterday, contagion had been restricted to...
The Evergrande FUD is spreading, fuelled by western media looking for another Lehman moment to cover. The people selling the news have no clue to what extent the CCP plunge protection team is mandated to go to protect the real estate prices. After all real estate is 80% of household wealth, and if retail hurts, Xi's image will be tarnished. To make things more...
Overall I've been bullish on this stock however with the markets sentiments going bearish because of the news in China. I am looking at TSLA to hit the 700.00 level which lines up with a major QP zone. We could also see further bearish sentiment down to the 638.00 levels.
Good Morning traders! Yesterdays PA was easy to understand if you new what to look for. Retail traders are PREDICTABLE and therefore the markets movements are. The market has moved exactly as anticipated, sweeping out the retail orders stacked at the bottom of the range. We are now currently sitting on the neckline of a large head and shoulders pattern. These...
Famous short seller Jim Chanos let people think in the last interview that he shorted some banks which are overexposed in China. The bank had hired for about 400 client-facing roles for its mainland digital wealth planning venture and will have about 700 personal wealth planners on the ground by the end of 2021. Looking at the puts today and the 22usd strike...
China`s economic model is based on real estate investment to drive growth. 20 Mil apartment buildings per year. China`s residential property is 20% of GDP every year. Too much! Real estate activities in China close to 30% of GDP every year. Huge! Chinese Government is Bashing the private sector, look at GOTU and BABA for example. Evergrande, second largest...
The company said that 54 percent of those orders were for the LiDAR-equipped models. XPeng Motors said Friday that it accumulated 6,159 orders for its new sedan, the P5, in the first 24 hours of its official launch. The company announced Wednesday evening Beijing time that the P5 became available for order in China in six configurations with a subsidized price...
Creating extra value for JD.com's 530 million active users will be the company's next strategic endeavor. With the tumultuous unfolding around China's major New York-listed tech companies, plenty of mid-cap stocks have been affected as well, losing their market value in 2021. In some cases, however, investors' fear has little to nothing to do with the firms' real...
PlatON, initiated and driven by the LatticeX Foundation, is a next-generation Internet infrastructure protocol based on the fundamental properties of blockchain and supported by the privacy-preserving computation network. “Computing interoperability” is its core feature. By building a computing system assembled by Verifiable Computation, Secure Multi-Party...
Although I had expectations for China (funds) previously, I still have good expectations. BUT something fundamentally has been changing, and it is still pushing downwards in consolidation. IF at all, the Evergrande debacle appears to be a spark in the trigger. Looks like Lehman 2.0 for thsoe who still remember... Looks more bearish than bullish to me IMHO......
Apparently a bear-flag emerging on iShares MSCI China. Should be ready by the end of September. I expect this to resolve down to 54.11 roughly where support from 2020 sits by the end of 2021.
China's largest e-commerce company is transforming its development strategy. Pinduoduo turned losses into gains in the second quarter of 2021, defending its leading position in the Chinese e-commerce area with 849.9 million annual active buyers. Pinduoduo mainly focuses on lower-tier cities' customers and follows a 'universal social welfare' way to expand its...
The company has secured a supply partnership with SK Innovation (SKI), a South Korean power battery supplier, which will provide it with high nickel-based Li-ion batteries with 80% nickel content. After two months of pre-sales, XPeng Motors' new sedan, the P5, officially went on sale on September 15 at prices several thousand CNY lower than the pre-sale...
Antitrust, reform in education, real estate and medical care policies, Common Prosperity... all of these show that China is undergoing earth-shaking change. These changes have brought large uncertainty, making many investors afraid to invest in Chinese projects and companies. However, over the next decade, China sure will become the world's largest economy. How to...
XPeng expects to expand its supercharging stations to dozens of cities, including Taiyuan, Tangshan, Nantong and Luoyang, within the next three months. XPeng Motors said Tuesday it put 102 new supercharging stations into operation in August, bringing the total to 400, covering 101 cities in China. Sixteen of those superchargers are located in highway service...