$LION OCBC HSTECH ETF S$(HST.SI)$ dived as $US2Y(US2Y.BOND)$ broke above resistance zone after the fed signaled another rate hike is possible and the terminal rate will be maintained for a year or more until inflation goes below 2%.
oil maintains above 80, oil above this price will cause the stock market to retrace.
$FTSE China Bull 3X Shares(YINN)$ is a leading indicator of hst. it broke below support level and is likely headed for 21. coupled with property crisis, us-china trade war, high oil prices, Ukraine-Russia war, high interest rates, and so on, the chinese stock market will be under tremendous pressure.
hst might drop to 0.62 to cover gap up at 0.622. meanwhile, hst and yinn are oversold. this means there might be a short term technical rebound unless the chinese government gives more stimulus to the market. the market was disappointed when the chinese government kept the prime loan rate the same without any cuts.
do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.
merci beaucoup@TigerWire for the constant encouragement to post, @TigerClub for the mention and @TigerStars for reviewing our posts.
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Traders anticipating struggles in China's economy can consider Direxion's YANG. Designed to seek 300% of the inverse, before fees & expenses, of the daily performance of the FTSE China 50 Index, offering a potential hedge against downside risks $三倍做多富时中国ETF-Direxion(YINN)$
Energy vehicles are electric and great news for byd the top ev car manufacturer in the world. Looks like chinas economy is started to grow fast again
Today's trade is selling Sept 22 puts on YINN at strike 27 for bid of .05. 93% chance of a win and a 22.5% annualized return.
China & Russia are emerging as the new superpower, oil is up and they will buy everything and get any market they want