**Spread Trade*** An opportunity to initiate a pairs trade by buying FXI and selling EEM. Spread between both etfs grew substantially (over two sigma), spread should start narrowing make sure you execute trade using ratio of both prices. For instance, you could go long fxi 26 units and short EEM 20 units (capital 2000usd) Chart symbol of spread —> input the...
SOHU has been showing terrific relative strength against a basket of other Chinese ADR's and the KWEB etf. Last quarter was a 400% earnings upside surprise, and technically speaking, you could look at this as a large cup and handle pattern trying to break to the up side. At symmetry here, could this be a tremendous value buy? Or will the CCP keep up the antics? Stay tuned!
Recently, the China market had dived on regulatory action over the past couple of weeks. It hit a low point way out of range, and then bounced back technically. And the past week saw a range bound attempt to break out. This attempt failed to extend the rally higher out of the range, but instead fell down to the range support. In the process, it left a gap support ...
BABA reports next week 8/3; likely gives a catalyst for a move up to $210-220 for BABA and then a move for FXI to $42ish (Opinion only)
A clear long-term ascending triangle pattern. Breakout of the neckline would send us all the way up to $82 ###NOT FINANCIAL ADVICE###
headed back to the volume shelf at $70. Recently hit a floor and is bouncing back. The sentiment is horrible. "Be greedy when others are fearful" FXI is worth a look too if you prefer a broader index.
(Opinion Only) Open gap above at $118 + a bullish reversal weekly candle. If EEM and PDD gap up next week where PDD is above $113 this will likely run to $118 to fill that gap above. A lot of bullish unusual options activity in this name today.
The fundamental for the company is still bullish. * News of customer data leak didn't send this crashing down and historically the market is relatively tolerable towards data leaks . * All regulatory fines are settled and Jack Ma's lack of presence is at least indicative that he acknowledges a positive correlation between BABA's success and his attitude towards...
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(Opinion Only)
Highest probability trade you'll see this week. (Opinion Only)
(Opinion Only)
Opinion Only
(Opinion Only)
(Opinion Only)