Even in retirement I scour hundreds of weekly and monthly charts. When I come across promising setups, I drill down to see if there are chart elements, price volume relationships, or other factors that might either preclude a trade or tip the odds heavily in favor of a particular outcome. Most of that process is covered in the "Potential TLT inflection and Notes...
It has been a really long time since GXC was updated. Previously, an imminent breakout was expected, but it failed, in an epic fashion, to find itself the bottom support of the triangle. Has it bottomed out and ready for a bounce? Early game, but just want to put in the observation that it might bounce for the next attempt to breakout of the triangle. The weeks...
I am bullish on iShares China Large-Cap ETF. I would buy the following calls: 2022-8-19 expiration date $32.11 entry price (approximatively) $37 strike price $0.20 premium/share Looking forward to read your opinion about it.
For some time, GXC had been flagged as potential for upside... massive upside. Within a triangle, it had already gained over 10% since it was flagged. This week, it appears to be breaking out... out of the triangle that it has been coiling in. Obvious that the weekly and daily chart technical indicators are bullish, or crossing over bullishly. Candlesticks are...
Previously, GXC appeared to be coiling to launch a break out... it appears to have done so, but at a higher level . Weekly technicals appear better suited for a impending breakout, Daily technicals are not yet ready and baking... Still in the radar, but overall sense is that China (and Chinese equities) will take off. We are still in early days, but imminent....
China's Large Cap ETF (FXI) is showing notable bullish Relative Strength (RS) compared to the Nasdaq (0.26 on the Daily RS, using a 50 period timeframe). The typical RS between these two fluctuates between -0.15 - 0.10. FXI also tends to have quite a strong correlation coefficient vs. NDX, but we're finally seeing that break down (0.24 on the Daily w/ a 50 length...
Previously been highlighting China, particularly as Chian equites have been misunderstood, maligned, and assumed to have downside due to their tough COVID-19 strategies. As expected, GXC launched with a gap up. However, this gap up did not translate further into a gap and run, but instead stalled. In view of the overall technical picture, it appears may have...
As previously described, yes, the GXC ETF appears to have found its footing to launch. The weekly chart has clocked a higher low, and this week's candlestick is a nice bullish one with a long-ish trailing tail at the bottom, which is a bullish indication. The daily chart shows the week closing at a gap resistance, and above the MA band. Technical indicators are...
The China ETF, GXC, has in recent weeks been beaten down. This is great part dur to concerns about their ideology about a Zero COVID strategy, where it comes with great economic costs. The Western media (mostly) has had a field day whacking China on their "primitive" idea, saying that it is impossible, it is unreasonable, it is irrational, etc. I beg to...
Goals33, 32. Invalidation at 47 . We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the...
So, the double tailed candles on the weekly chart only resulted on a week of downside, but the second week proved resilient. The daily chart shows the spike down blowout and the immediate recovery. This indicates very strong support at about 98-100. The new interim support at 102 is holding too. Now, I expected the lack of liquidity and sentiment to push lower,...
Drop in vlume on the way up, doji forming, gaps open below the market, oscillators wayyy overbought — this is ripe for puts and I bought puts on BABA.
It seems that another cycle low is coming in look for a rather sharp bear market rally in baba and fxi for a week
Chinese #FXI Large Cap ETF ready for a dip buy around here and I will be watching for the triangle to breakout above the red line. Here are the top 15 holding of the ETF: Symbol Holding % Assets 3690 Meituan Class B ...
Original Chart This is Based Off 2018 update Original Trade Strategy Around This Chart Everything should be self explanatory in the chart. Of course - this will work until it doesn't, but since the 1990, the HSI index hitting its upper resistance line has nailed every major global market top within a very short timeframe. You can see how perfect...
Appearing to be a beginning of the Y in WXY in an otherwise complex correction. This is just a result of just the same as nothing can grow exponentially, nothing will fall unstoppably without seeing some respite from time to time. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci...
(Opinion only)
The GXC Weekly chart is about ready to break out and take off... just did a best case projection. This is on the back that the Evergrande saga endgame is delayed, which I think would likely be so... into 2022. Watch the next two weeks or so, needs to break out of trend line/channel and clear the gap resistance area.