3.91Open3.91Pre Close0 Volume1 Open Interest85.00Strike Price0.00Turnover87.34%IV10.48%PremiumOct 18, 2024Expiry Date0.00Intrinsic Value100Multiplier16DDays to Expiry3.91Extrinsic Value100Contract SizeAmericanOptions Type-0.3263Delta0.0218Gamma23.17Leverage Ratio-0.1855Theta-0.0135Rho-7.56Eff Leverage0.0682Vega
SPDR S&P China ETF Stock Discussion
Barchart on X: "Chinese Stocks have fallen to their cheapest valuation relative to the S&P 500 since AT LEAST 2010
$SPDR S&P China ETF (GXC.US)$ $iShares MSCI Emerging Markets ETF (EEM.US)$
S&P: 50.8 in Dec, 50.7 in Nov
The recovery in manufacturing has continued for the last 4/5 months, but it is marginal at best. The soft recovery comes from weak export business (6-month low). The domestic recovery has helped production increase, but it hasn't done much to improve hiring sentiment. However, in general, the outlook for...
It's a big question for emerging markets. Economically, China is going into the new year weakly. Retail sales and manfacturing are both coming back slowly, but they have also needed significant support from the government. The real estate sector is still a huge road block to improvement, and in general, investment has struggled over the last 6 months.
That being said, Chinese ETFs have been beat down heavily in 2023 with prices nearing historical lows. Most are still...
This piece of good news sends China-concept stocks in U.S. to go higher, with Agriculture stock, CGA ( $China Green Agriculture (CGA.US)$ ), up 35.5%.
Solar energy stocks such as DQ ( $Daqo New Energy (DQ.US)$ ) and JKS ( $JinkoSolar (JKS.US)$ ) also returns 7.98% and 1.93% ...
Zoom out to month chart and u will see a distinctive pattern.. Its a correction but its the speed and velocity that is alarming.
Price reached the target 40 percent correction in record time compared to mkt turbulence in 2015
Zoom in weekly chart
Price closed the gap (29 Jun 2020) .
Head & shoulder pattern. Price broke neckline. The measure distance should be 92.3
However, there is a multiple confluence of zone at 107 ish.
Bullish pin bar forming on day chart. Hence expect a rebounce.
Draw a straight line from top to bottom, chart presents a perfect sig wave.
Sell volume is decreasing..
To summarize
There is a good chance of rebounce, even though there is a lingering concern, drop to measured target distance of H&S. Price can go lower Unless pattern smooth out.
I am thinking, price will rebound, then retest the low. 104.7...
Wake up please, its about time!
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