BEPRO or Be Be broke. Seriously this thing is going to move.BEPRO is the number one trending token in the US that isn't in the US yet,
I have been following BEPRO for the last month and a half as it was an under-the-radar name that I knew nothing about and the name sounded good.
I thought "Be-a-Pro at what you're doing" and it couldn't hurt to look into.
After interview by youtuber George on CryptosRUs (not a plug just a sold information gathering), which went very well, I decided to post.
I knew Bepro was big deal but, but wow. this token is going to change the gaming world in a massive way. A "first runner in esports" kind of way.
The CEO, Rui Teixeira, did an incredibly solid job explaining the company (bepro) which is cash positive (unlike many tokens) and it is growing so fast they're hiring new people and staking. Bepro already has clients, has quarterly profit goals, like a company publicly traded on the stock market. (My background is in stocks). Bepro is just getting started, and the company is doing very well. Rui also talked about a "Shopify Model" in the company design and after that, full disclosure I went long deep into Bepro, because Shopify has been one of the most successful stock and company in history closing at $1120.19 USD over 2600% from its opening IPO. Even more the online gambling and sports betting world is just beginning to figure itself out with crypto and this company is solving more problems than it's creating.
If you look at the simple chart you can see a massive flag forming on the 4 hour and it's pressure it's breaking up trend.
It has stood pretty solidly against BTC and is following the trend beautifully.
Full disclosure, I own a great deal of BEPRO and will acquire more on this pull back.
This token is really the first mover of its kind, and the CEO is for real treating this like a future 500 company.
China
TSLA looking weak SHORTTSLA is continuing to trend downward while China is melting down
and the TSLA giga factory is underproductive.
The chart shows a fall from the upper trendline of resistance
confirmed by the MACD lines flipping above the histogram.
Targets for the trade are the mid-range Fibonacci levels in the
retracted of the up trend so about 258 and final take
profit heading towards all earnings where the current trendline
hits the horizontal support at about 205 about October 1st.
Stop Loss nominally at $10 above the current market price.
Accordingly expecting a reward to risk of more than 5 to 1.
All in all, the short setup or put options appear to be
an excellent setup,
The best question is whether others in the sector are
following the market leader and dropping even faster or
instead, are they holding up better because they have
less China exposure
China A50 Index - STRONG BUYHi Guys,
2823.hk which is the A shares ETF of China listed in Hong Kong is currently at a major support which it has been holding since 2016.
Also, it tested its 0.8 fib, broke previous high and now retraced back to 0.8 of the smaller wave. Classic PA.
I am bullish on China A Shares and believe that price target should be north of $18.
Buy at 14.84.
USDCNH breakoutPrice broke up this triangle📐 and I think there is chance for run to 6.92 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. Resistances along the way
ENTRY : local high @ 6.735
STOPLOSS (SL) : local low @ 6.668
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 6.92
REWARD RISK RATIO (RRR) : 2.8
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
$UVXY decent setup 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Entry: $9.11
Take Profit: $11 (+20.7%)
Stop Loss: $8.70 (-4.5%)
*Stop loss is automatic*
If you want to see more, please like and follow us @SimplyShowMeTheMoney
NIO SETUP LONGNYSE:NIO
NIO is thriving despite a faltering Chinese economy.
It has good recent earnings and is competing well with TSLA
and other Chinese EV's like XPEV In the meanwhile it
is making inroads in Europe, especially Scandanavia
They say buy low ( weakness) and sell high ( strength(.
NIO is weak right now as the chart shows. with price
below the cloud now sitting on an advance buy order
support with a low RSI. This is a buying opportunity
As ab aside BIO is said to be seeking a partnership
arrangement with a US Domestic EV company. Should
it find such agreement, it fundamentals likely would
get another uptick.
$CHINAH bullish set-up? 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
China's Economy Crisis: What You Need To KnowChina is the world’s second-largest economy. If that doesn’t impress you, consider this: It has grown from a ragtag collection of state-owned firms to the world’s second-largest economy in just 35 years. China is now the world’s largest producer of goods, from smartphones to steel, autos to aircraft carriers. In 2017 alone, China produced almost as much output as the U.S., Japan, Germany, France and Britain combined. However, there are signs that China is heading for a recession. The country’s stock market has crashed twice (in July 2015 and again in January 2016), and Chinese investors have lost a lot of money as a result. There are many reasons that explain why an impending economic crash in China is imminent...
China Has a Debt Problem
China’s debt-to-GDP ratio (Private Sector) is now over 250%, which is extremely alarming. China’s debt problem is a ticking time bomb that could go off at any moment. As interest rates rise in the U.S., the cost of servicing the debt will become more expensive for Chinese issuers. If China continues to grow its debt at its current pace, it could easily become the next Greece or Argentina, where economic collapse is imminent. The Chinese government has tried to curb the rise in debt by tightening its domestic monetary policy. That caused the country’s stock market to plummet and its currency to depreciate. China’s aggressive money-printing has helped to fuel an emerging debt crisis that could trigger a global economic slowdown. In fact, the Bank for International Settlements (BIS) says that China’s debt-to-GDP ratio has jumped from 150% in 2008 to more than 250% today.
The Chinese Yuan Is Dropping Like a Rock
China’s controlled currency is starting to depreciate. And that usually occurs before an economic crash. The Chinese yuan (also known as the renminbi) has fallen more than 7.7% against the U.S. dollar since March 2022. The yuan’s decline is partly due to the trade war with the U.S. China’s central bank has been intervening in the markets to prevent the yuan from declining too quickly. That’s caused the dollar to rise against other currencies. It’s also helped to fuel a rise in Treasury yields. A strong U.S. dollar is bad for American exports. But it’s also bad for China, since a strong dollar makes it more difficult for Chinese companies to compete abroad. China’s controlled currency is starting to depreciate. And that usually occurs before an economic crash.
CNH1!
Manufacturing Is Slowing Down
China’s manufacturing PMI has been falling for months. In July 2018, it was 48.3, which is below the 50 mark that separates growth from contraction. A number below 50 is also considered to be “bad”, while a number above 50 is “good”. The PMI reading for July 2019 was 49.7. This may sound like good news for those employed in the U.S. However, it’s not. A slowdown in the manufacturing sector usually leads to a fall in consumer spending and a slowdown in the economy. That’s because reduced consumer spending leads to fewer sales and an excess of inventory or unsold goods. That often leads to a drop in GDP.
China is Producing a Lot of Empty Buildings
As an economic crash approaches, developers start to build a lot of empty buildings. That’s because people start to slow down their spending and are not prepared to make the necessary financial commitments. China’s ghost cities are the canary in the coal mine. These are cities where 90% of the buildings are either vacant or incomplete. Now, it’s interesting to note that China’s ghost cities were entirely vacant as recently as 2010. At that time, few people would have predicted that China would build an entire city and have no one living in it.
China's shadow banking problem is a major concern for the Chinese economy. Shadow banking refers to financial services provided outside of the traditional banking sector. These include weaker institutions such as peer-to-peer lending, pawnshops and informal lending networks. Shadow banking is often used to circumvent government restrictions on the traditional banking system, which can make it harder for the government to monitor and control the overall economy. Shadow banks are also more likely to lend to high-risk borrowers, fueling asset bubbles and economic instability. As a result, shadow banking has become increasingly important in China as the country's economic growth has slowed. Despite its importance, understanding shadow banking in China is difficult due to its complexity and lack of transparency. It is best to keep an eye on developments in this area as they could have a significant impact on the Chinese economy in coming years.
China Consumer Confidence Index
China Unemployment Rate
Conclusion
In the final analysis, there are many signs that indicate that a looming economic crash in China is imminent. Indeed, analysts expect that the country could be poised for a major economic slowdown in the near future. If this happens, it will have a negative impact on global economic growth. Investors should be careful about which companies they invest in and may want to avoid companies that are heavily reliant on the Chinese economy.
Chinese Real Estate Large Cap IndexThis is an updated version of my previous "Evergrande + others" chart of Chinese real estate. Instead of including some smaller companies with longer price history, this focuses on large market cap companies. I weighted the prices against each other equally by their 42 day average, and then weighted that by the market cap:
1. Sun Hung Kai Properties (0016) HKD 268.5 billion -2.06% Sun Hung Kai Properties Limited develops and invests in properties for sale and rent in Hong Kong, Mainland China, and internationally. It...See Company Profile HKD
2. China Overseas Land & Investment (0688) HKD 252.28 billion 24.86% China Overseas Land & Investment Limited, an investment holding company, engages in the property development and investment, and treasury...See Company Profile HKD
3. China Resources Land (1109) HKD 245.3 billion 4.88% China Resources Land Limited, an investment holding company, invests, develops, manages, and sells properties in the Peoples Republic of China....See Company Profile HKD
4. China Vanke Co. (2202) HKD 235.54 billion -11.14% China Vanke Co., Ltd., a real-estate company, develops and sells properties in the Peoples Republic of China. The company operates through...See Company Profile HKD
5. CK Asset (1113) HKD 202.95 billion 13.53% CK Asset Holdings Limited operates as a property developer in Hong Kong, the Mainland, Singapore, the United Kingdom, continental Europe,...See Company Profile HKD
6. Longfor (0960) HKD 177.07 billion -20.57% Longfor Group Holdings Limited, an investment holding company, engages in property development, investment, and management businesses in China....See Company Profile HKD
7. Sino Land Co. (0083) HKD 91.07 billion 21.52% Sino Land Company Limited, an investment holding company, invests in, develops, manages, and trades in properties. It operates through six...See Company Profile HKD
8. Country Garden Co. (2007) HKD 80.22 billion -49.28% Country Garden Holdings Company Limited, an investment holding company, invests, develops, and constructs real estae properties primarily in...See Company Profile HKD
9. Greentown China (3900) HKD 40.51 billion 28.98% Greentown China Holdings Limited, an investment holding company, engages in the property development and related business in China. It operates...See Company Profile HKD
10. Yuexiu Property Co. (0123) HKD 29.82 billion 40 .17% Yuexiu Property Company Limited, together with its subsidiaries, develops, sells, and manages properties primarily in Mainland China and Hong...See Company Profile HKD
source: fknol.com
(Unfortunately they no longer sort by market cap by default. To view it you'll have to sign up for fknol's terrible website.)
Here was the logic I used:
'a' = 42 day price average.
'b' = adjust b based on the market cap. if the market cap is larger, c gets smaller, market cap smaller, c larger.
Market....a=42D_AVG.....b=a/Market_Cap_Billions
---------------------------------------------------------------------------------------------
0016.......94.14................0.3506
0688.......21.49................0.08518
1109.......35.14................0.1433
2202.......18.51................0.07858
1113.......51.73................0.2549
0960.......37.36................0.211
0083.......0.3542..............0.003889
2007.......5.662................0.07058
3900.......13.34................0.3293
0123.......0.09548............0.003202
(I had to fill in the table with dots so it would show correctly.)
Now, for each row, take each market and divide by 'b':
'market1'/b1 + 'market2'/b2 + ... :
'0016'/0.3506+'0688'/0.08518+'1109'/0.1433+'2202'/0.07858+'1113'/0.2549+'0960'/0.211+'0083'/0.003889+'2007'/0.07058+'3900'/0.3293+'0123'/0.003202
You can also exclude the second column, skip computing 'b', and instead divide the price by 'a' and you would have a 42 day average price weighted index. Dividing a price by an average would normalize it near 1, weighting each price equally.
Does it make sense? Thanks for taking a look!
Misc. Analysis:
Total valuation, going by the info, is roughly 1623.26 billion HKD , which is ~200 billion USD. This is not an unusually large amount, but the importance of these companies is far beyond their numerical market cap. Chinese citizens and companies purchase properties around the world, so I think this price action goes hand in hand with global real estate, possibly with this index as a leading indicator. A large global surplus of buyers in the last few decades has pushed real estate prices everywhere to unreasonable levels and now there is a deficit of buyers. Any serious bailout will distort prices and at some point it's possible that the price action becomes useless. The CCP owns a piece of every company already so I think this would be the more probable route.
Good luck and don't forget to hedge your bets!
Chinese Real Estate Large Cap Custom Index v2Just a quick update of the last chart I posted, which had a bug. These stocks:
'0123'
'0083'
refer to Malaysian stocks, but these stocks:
'123'
'83'
are the symbols we want.
Here is the updated index for your usage:
'16'/0.3506+'688'/0.08518+'1109'/0.1433+'2202'/0.07858+'1113'/0.2549+'960'/0.211+'83'/0.1272+'2007'/0.07058+'3900'/0.3293+'123'/0.3196
See here for more discussion:
Thanks for taking a look!
What Would Happen to Henry Hub NG if China Attacks Taiwan?Since last week the media has published videos and Chinese politicians' statements about the Chinese military drills near Taiwan. Taiwan has also conducted military exercises and preparatory work with the civilian population in the event of an attack. On August 3, the NYT, quoting Chinese state media, published an article about the following Chinese military drills scheduled on August 4 and a place of exercises. Chinese media offered five swaths of the sea surrounding Taiwan. If true, it can be a hostile act, possibly igniting conflict between China and unrecognized Taiwan. Both countries are essential for the world economy, meaning the conflict would affect markets. I hope it will not happen . However, this risk urged me to start a series of posts ' What would happen to asset_name if China attacks Taiwan? '
A brief: China is the second economy in the world by nominal GDP. China is the main trading party for the US, Europe, and many other countries and regions. The country is also a giant gas consumer and LNG importer. According to the EIA, the US was the fourth LNG supplier in China in 2021.
Henry Hub natural gas is a local benchmark. However, its price partly depends on the US LNG trade achievements and obstacles.
In case of a conflict, it would halt LNG export to Taiwan. I estimate Henry Hub participants would also wait for sanctions on Chinese banks or even prohibition of gas trade with China. These would drive expectations of short-term oversupply in the US local market resulting in a sharp price drop of natural gas in America.
In the end, some LNG exporters would change their export from China and Taiwan to other Asian countries, e.g., South Korea, Japan, and India. Other LNG sellers would divert shipments to Europe, suffering from high continent natural gas prices , bringing relief to Europe in terms of volumes and price.
The main shock could happen later. Possible export and import prohibitions between China and the US with Allies would bring manufacturing decline, pushing gas demand lower and cutting its price. It would get a more sustained bearish effect on Henry Hub prices than temporary shipment redirection.
With the technical analysis help, I estimate a first bearish move could put prices down to a support level of $6.4/MMBtu . Then, in case of sanctions, it would go down to the next support of $5.5/MMBtu . It is hard to forecast how long Taiwan can fight and what sanctions will be imposed. I doubt that sensitive restrictions would be imposed during the first days. I also doubt that the US will impose harsh O&G sanctions if China takes over Taiwan quickly. I expect it could happen a month after the start of the conflict. Breaking $5.5/MMBtu through, it would drop to the last winter's $4/MMBtu .
Put options are the best instruments for shorting HH on the potential conflict. For the first target of $6.4/MMBtu , the option with the corresponding strike and expiration in September could suit well. For the following targets of $5.5/MMBtu and $4/MMBtu , I suppose corresponding strikes with October and November expiration.
For futures traders, I guess a stop-loss is $8.5/MMBtu . The stop-loss is ugly and huge in today's Henry Hub Volatility environment. Timing for the trade matters much. I believe that options with an end-of-month expiration date could be good. The position holding period is 7 days to next Thursday. If the bad doesn't happen, it is better to close the long put or futures short position. However, we do not know the date. Solely China knows the exact date if the plan exists. The risk could realize during the next 7 days or be postponed to next month or even later. If the risk realizes later, I expect the same effect on the market, and only target adjustments could be needed.
I wish you peace!
Thank you for your reading, and have profitable trading! Comment your thoughts!
What would happen to S&P 500 if China attacks Taiwan?Since last week the media has published videos and Chinese politicians' statements about the Chinese military drills near Taiwan. Taiwan has also conducted military exercises and preparatory work with the civilian population in the event of an attack. On August 3, the NYT, quoting Chinese state media, published an article about the following Chinese military drills scheduled on August 4 and a place of exercises. Chinese media offered five swaths of the sea surrounding Taiwan. If true, it can be a hostile act, possibly igniting conflict between China and unrecognized Taiwan. Both countries are essential for the world economy, meaning the conflict would affect markets. I hope it will not happen . However, this risk urged me to start a series of posts ' What would happen to asset_name if China attacks Taiwan? '
A brief : China is the second economy in the world by nominal GDP. China is the main trading party for the US, Europe, and many other countries and regions.
Taiwan is the heart of semiconductor manufacturing for all industries around the world.
Bearing this in mind, recall that S&P 500 is a world barometer of economic health or a barometer of the capital markets financial system. The index has a diverse base of constituents representing the American economy. Companies from the index have business with China: manufacturing, trade, intangible assets, and financial transactions. Besides, Taiwan is the leading supplier for many American manufacturing companies working in consumer durables, communication, electronic technology, and producer manufacturing. The conflict would directly affect negatively on most American companies. It could slow economic growth (I think it would be a recession) and create much bigger supply problems than the 2021 supply chain crisis. Companies that heavily relied on Taiwan semiconductors would experience issues first. For instance, it could be Apple , Tesla , and AMD .
We do not know what kind of sanctions the US and its allies will impose on China. The next dropping wave of the index could happen if it is the anti-Russian-style sanctions. China is not only the biggest exporter of goods but the most prominent importer of commodities. Heavily relied on fossil fuels. For example, the US government may prohibit American oil and gas exports to China, causing damage to American O&G companies.
Regarding retail and non-durable, they also depend on imports from China. So I believe prices of utility stocks could be steady in a storm. I also thought about Air & Defence, but it could have heavily relied on Taiwanese and Chinese imports. Perhaps a few companies are not dependent on Asian supplies in the sector, but the whole industry is vulnerable. I do not want to bury deep into fundamentals cause the article is about the index.
Let's look at the chart. I estimate the potential conflict would hurt the index dramatically. The first target is 3700 ; semiconductor-dependent companies would drive the index drop by more than 10%. The following support is on 3200 . The best instruments for the trading idea are put options with the corresponding strikes. For futures traders, I suppose 4200 is a stop-loss. Timing for the trade matters much. I believe that options with an end-of-month expiration date could be good. The position holding period is 7 days to next Thursday. However, we do not know the date. Solely China knows the exact date if the plan exists. The risk could realize during the next 7 days or be postponed to next month or even later.
Here I will pause because it is hard to forecast how long Taiwan can fight and what sanctions will be imposed. I doubt that sensitive restrictions would be imposed during the first days. I also doubt that the US will impose harsh sectoral sanctions if China takes over Taiwan quickly.
I wish you peace!
Thank you for your reading, and have profitable trading! Comment your thoughts!
What Would Happen to Gold if China Attacks Taiwan?Since last week the media has published videos and Chinese politicians' statements about the Chinese military drills near Taiwan. Taiwan has also conducted military exercises and preparatory work with the civilian population in the event of an attack. On August 3, the NYT, quoting Chinese state media, published an article about the following Chinese military drills scheduled on August 4 and a place of exercises. Chinese media offered five swaths of the sea surrounding Taiwan. If true, it can be a hostile act, possibly igniting conflict between China and unrecognized Taiwan. Both countries are essential for the world economy, meaning the conflict would affect markets. I hope it will not happen . However, this risk urged me to start a series of posts 'What would happen to asset_name if China attacks Taiwan?'
A brief: China is the second economy in the world by nominal GDP. China is the top producer and buyer of gold in the world. It is the sixth largest gold holder, owning 1948 MT at the end of Q1 2022.
A possible conflict would drive the gold price to break the last resistance of $1790/oz t and move to the middle of the May-June range to $1840/oz t in the short term. The longer the conflict exists, the more sanctions I expect. I can't predict how long Taiwan can fight and what sanctions will be imposed. If the conflict lasts several months, developed nations could prohibit Chinese gold, as they have done with Russian gold. You could see it as a bullish sign. However, China could probit gold imports. The action will decrease demand and weigh on the price.
The position holding period is 7 days to next Thursday. Unfortunately, I do not see a good level for stop-loss. If the bad doesn't happen, it is better to close the long. However, we do not know the date. Solely China knows the exact date if the plan exists. The risk could realize during the next 7 days or be postponed to next month or even later. If the risk realizes later, I expect the same effect on the gold price, and only target adjustments could be needed.
I wish you peace!
Thank you for your reading, and have profitable trading! Comment your thoughts!
What Would Happen to Bitcoin if China Attacks Taiwan?Since last week the media has published videos and Chinese politicians' statements about the Chinese military drills near Taiwan. Taiwan has also conducted military exercises and preparatory work with the civilian population in the event of an attack. On August 3, the NYT, quoting Chinese state media, published an article about the following Chinese military drills scheduled on August 4 and a place of exercises. Chinese media offered five swaths of the sea surrounding Taiwan. If true, it can be a hostile act, possibly igniting conflict between China and unrecognized Taiwan. Both countries are essential for the world economy, meaning the conflict would affect markets. I hope it will not happen . However, this risk urged me to start a series of posts ' What would happen to asset_name if China attacks Taiwan? '
A brief: China is the second economy in the world by nominal GDP. Taiwan is the heart of semiconductor manufacturing for all industries across the globe.
In my opinion, Bitcoin today is a risk appetite indicator, which regularly mimics or outpaces changes in the notable stock indexes, e.g., S&P 500 and Nasdaq Composite. The risk realization would trigger risk aversion pushing the BTC price to the last local support level of $19000. The stop-loss is the previous local high of $24500. However, the level can slightly differ from the spot price. The main risk is conflict duration. The longer the conflict exists, the more sanctions I expect. I can't predict how long Taiwan can fight and what sanctions will be imposed. I doubt that sensitive restrictions would be imposed during the first days. I also doubt that the US will impose harsh sectoral sanctions if China takes over Taiwan quickly. If the conflict would last several months, I suppose bitcoin could drop significantly to $14000. The position holding period is 7 days to next Thursday. If the bad doesn't happen, it is better to close the short position. However, we do not know the date. Solely China knows the exact date if the plan exists. The risk could realize during the next 7 days or be postponed to next month or even later. If the risk realizes later, I expect the same effect on the BTC, and only target adjustments could be needed.
Additionally, the potential conflict would seriously weigh on crypto mining activity because of semiconductor manufacturing termination in Taiwan. A probable semiconductors' deficit leads to the rise of GPU's price in the midterm, elevating mining costs. Miners would have to adapt to the new reality.
I wish you peace!
Thank you for your reading, and have profitable trading! Comment your thoughts!
$BABA longterm entry 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Entry: $90
Take profit: $180
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Slowing Chinese economy sends US dollar higherEUR/USD 🔽
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔼
XAU 🔽
WTI 🔽
Yesterday, the latest Chinese Industrial Production readings recorded a 3.8% growth - falling short of the 4.6% forecast, and raised concerns of a possible recession. On the same day, the Chinese central bank lowered its interest rate from 3.70% to 2.75%, in order to stimulate the economy while dealing with the pandemic.
As such, a weakened global demand saw WTI oil futures fall to $89.41 a barrel. Meanwhile, safe-haven demand is increased with growing recession signs, the US dollar gained much momentum, USD/CAD rose and stabilized at 1.2904, gaining over 100 pips.
The Reserve Bank of Australia has released its meeting minutes this morning, expecting to raise rates even further to “normalize monetary conditions over the months ahead”. The Aussie almost dropped a full 1% against the greenback, declining and slowing at 0.7020, to a closing price of 0.7022.
Euro and Pound both suffered noticeable losses, EUR/USD slid to 1.016, and the GBP/USD pair closed at 1.2054. Gold futures went below the $1,800 level to $1,798.1 an ounce.
More information on Mitrade website.
YINN China 3X Leverage ETF Reverses off the bottom Swing Long
AMEX:YINN YINN is now in an uptrend with an increasing cloud score
and upgoing BB boundaries. Stop Loss at the double bottom
while the first target is the recent consolidation period
with about 15% upside to that take profit and about a
2.5 Reward to Risk
All this makes YINN a candidate for a swing long trade
TSLA versus F - Stock Price and so Market CapThis DAILY chart shows the RATIO between Tesla and Ford stock and so comparisons
between market cap.
A rising ratio indicates that TLSA is gaining market cap compared with F while a decreasing
ratio shows the opposite.
A long-term investor who wants to own either TSLA or F or a blend of the two could use
a chart like this to make trade decisions.
When the ratio is high and approaching the upper BB with high relative strength, such
the hypothetical investor may want to either sell TSLA or buy F.
When the ratio is increasing lower with the value approaching the lower BB and
confirmation with low relative strength he/she might want to buy TSLA or Sell F
or some combination.
This strategy might be back-tested vs an equal proportion of F and TSLA.
without any share swapping.
One caveat moving forward is TSLA has China headwinds, with COVID lockdowns
and the geopolitical uncertainty of the Taiwan situation; F not so much could
easily trump technicals. Additionally, it could help explain why Musk liquidated
$ 6 Billion in shares. NASDAQ:TSLA
SPY is overextended again Spy is above the channel, I simply don't believe it is BTC time YET. Remember YET. We could be facing a pump then dump then takeoff from 19k BTC. But with all this negative talk about China's entire economy about to fail because of the real estate overbet, there's no way USA stocks don't face that value effect. China and Russia look like idiots. I expect some turmoil. Patience is key.