2 noticeable development:
1. US market still hold up well. In the handle forming stage of cup and handle shape, it is ready to break up any time;
2. Chinese ADRs have been performing incredibly well. The back driven news is that China is opening the foreign investment channel so that people in China can invest overseas. Opening HK market to mainland people means it opens the whole world to mainland people. This is a very positive news.
Date/High within 30 days/Low on rate cut date/Difference/Percentage
23-Dec-91/3297/2934/363/0.123722
15-Oct-98/9042/7885/1157/0.146734
18-Sep-07*/15215/13403/1812/0.135*
as of today/13924/13403/521/0.039
* Projection for the movement in 30 days.
Next week focus play:
China play SSRX and DSX. Hold all China stocks. Trade calls.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment