Additional Chinese Stock Break-Out

Additional Chinese Stock Break-Out

In the chart below YOKU is plotted on a daily basis. It has formed a fairly nice base over the past two years in the $15-$20 area. In that time it has also formed a flag/pennant pattern b/t lines (1)…...

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Chinese Stock Break-Out

Chinese Stock Break-Out

Big bust out of DATE below. So long as it’s not a head-fake, could portend a very big move higher. Also could be indicative of our broader thesis re: China being a bull. Lastly, would imagine that thematically, if there…...

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SSEC Has Been a Major Under-Performer vs. the SPX, Will it Persist?

SSEC Has Been a Major Under-Performer vs. the SPX, Will it Persist?

In the scatter-plot below I show the 2 Yr RoC for the SSEC (X-axis) vs. the 2 Yr RoC for the SPX (Y-axis). As of this morning they are -30% and +25%, respectively, with major SSEC under-performance occurring over the…...

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Is Barron's Call for a Credit Crisis in China Correct?

Is Barron’s Call for a Credit Crisis in China Correct?

Two weeks ago Barron’s made what appeared to be a bold call for a credit crisis in China. They all but suggested that the probability of a Depression-style event was either rising or imminent. But, similar to their call to…...

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Time to buy Chinese Companies Listed in the U.S.?

The chart below shows FXI on a weekly basis. FXI has been bouncing on trend-line support (1) for the past few weeks. This has been “the” line in the sand for FXI since 2005 and has produced many sizeable rallies…