In China, the Shanghai Composite endured its worst week since October, demonstrating the influence that Beijing continues to yield over its markets. The index lost 5.6% for the week after the government signalled that it would pare back support for the economy amid evidence of a recovery.
The index has lost all its gains after breaking out of a bull flag earlier...
China/Asia break support and head lower as the debt contagion continues to spread in SE Asia. Watch how this debt/credit issue expands across SE Asia, South America and across the One Road project countries. My assumption is that China is using every resource possible to prevent this type of contagion event from happening now with it having "fingers in every...
My custom China/Asia index shows, very clearly, the support near 7200 is critical at this time. The continued weakness originating out of China and the efforts to contain the current rout as well as contain an economic crisis are clearly generating concern throughout the globe. China has it's fingers in many other global nations. A collapse in China would...
The breakdown in my China/Asia custom index appears to be accelerating downward. I called this move over 4 months ago as I saw economic issues playing out in China that could be dangerous. With Malaysia's new PM, Mahathir, pushing to expose corruption and graft from locals and Chinese investment firms, I expect continue news to POUND China over the next 12+...
XGY0 is now very close to its support trendline !!
And with so much of negativity - trade wars, slowdown etc the very opposite happens. The Shanghai index is falling and is now at crucial support point. Look for a reversal in next 2-3 months.
