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GXC241220C63000
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15min DelayNot Open Dec 4 09:30 ET
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0.00Open0.00Pre Close0 Volume0 Open Interest63.00Strike Price0.00Turnover0.00%IV-18.60%PremiumDec 20, 2024Expiry Date14.40Intrinsic Value100Multiplier16DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type--Delta--Gamma--Leverage Ratio--Theta--Rho--Eff Leverage--Vega
SPDR S&P China ETF Stock Discussion
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China's stock market has extended its rally this week following new stimulus measures announced by the People's Bank of China aimed at revitalizing the struggling economy, despite a pullback on Thursday.
Todd Rosenbluth, Head of Research at VettaFi, joins Wealth! to discuss strategies for investors to engage in the China trade without focusing on individual stocks.
"For much of the year, China has underperformed the broader emerging markets...
Todd Rosenbluth, Head of Research at VettaFi, joins Wealth! to discuss strategies for investors to engage in the China trade without focusing on individual stocks.
"For much of the year, China has underperformed the broader emerging markets...
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Emerging markets are largely cheap compared to US markets, and this is mainly because of China. As a value play, it is probably better to diversify away from being solely exposed to Chinese equities with general EM exposure instead.
Barchart on X: "Chinese Stocks have fallen to their cheapest valuation relative to the S&P 500 since AT LEAST 2010
$SPDR S&P China ETF (GXC.US)$ $iShares MSCI Emerging Markets ETF (EEM.US)$
Barchart on X: "Chinese Stocks have fallen to their cheapest valuation relative to the S&P 500 since AT LEAST 2010
$SPDR S&P China ETF (GXC.US)$ $iShares MSCI Emerging Markets ETF (EEM.US)$
Two Chinese PMIs came in over the weekend, the S&P and NFLP (this one is put out by China's statistical bureau). The results of the two were slightly contradicting.
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...
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...
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Can China come back in 2024?
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...
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...
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On 26 Aug 2022, China state-affiliated media, Caixin Global, tweeted that regulators are in talks to prevent the delisting of China companies from U.S. stock exchanges.
This piece of good news sends China-concept stocks in U.S. to go higher, with Agriculture stock, CGA ( $Enlightify (CGA.US)$ ), up 35.5%.![]()
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Solar energy stocks such as DQ ( $Daqo New Energy (DQ.US)$ ) and JKS ( $JinkoSolar (JKS.US)$ ) also returns 7.98% and 1.93% ...
This piece of good news sends China-concept stocks in U.S. to go higher, with Agriculture stock, CGA ( $Enlightify (CGA.US)$ ), 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% ...
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![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined"){kind=small}
$SPDR S&P China ETF (GXC.US)$
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...
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...
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Slim Hong :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
103150556 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
105079560 : Time to run, A-shares plummet after the holidays.
josephcooper : Pod is going to run away ….past the moon and back
151829242 105079560 : There shouldn't be a crash, but there will definitely be an adjustment.