While everyone chased Semis/AI/Memes to the moon again (and may have already topped), I've been working closely w clients on Chinese Stock exposure. Could be a big opportunity developing. Lots of time left in the year... plenty of room for surprises. Will share charts in time...
@MacroCharts Agree on some China setups. Added $MOMO to the watchlist a couple weeks ago. Looking for a breakout over $11:
@MacroCharts $CWEB respecting demand, IH&S & low risk area above 9/20 most of what ya need to know here...long
@MacroCharts With all the "China is our enemy" talk this morning, this makes sense.
@MacroCharts Just came across MNSO today actually. Looks interesting
@MacroCharts I don’t trust Chinese stocks; however, I do trust basic economics. China is beginning stimulus. That will be good for Chinese stocks. Have we not learned from the last few years? US stimmies great for stocks. Increasing rates & QT bad for US stocks.
@MacroCharts Exactly. usdcny is at the top. 000016 got strong support at 2440-2450. I’m looking for a bounce for Chinese stock soon