China's aluminum market in 2023 stands out for its resilience, with prices on the Shanghai Futures Exchange (SHFE) bucking global trends by climbing over 1%, while the London Metal Exchange (LME) saw an 8% slump. This divergence is largely credited to the strength of China's green sector and decarbonization efforts. An open arbitrage window, created by SHFE...
The bears have now pushed Geely stock back below its March low. This confirms our primary scenario that the stock is in the final phase of the overarching gray wave II from the high of the magenta wave (B). This move should now be advanced to the green target zone between HK$7.80 and HK$4.12. With the low placed, the price should then move significantly higher.
2023 has been a tough year for stock pickers. The gap between equity factor styles has been vast over H1. Growth, riskier in nature, posted the best performance up 24% year-to-date (YTD) followed closely behind by quality up 20% YTD1. The excitement around artificial intelligence (AI) reached a fever pitch in H1 2023, supporting growth-oriented technology stocks....
The Australian dollar started the day higher but has reversed directions. In the North American session, AUD/USD is trading at 0.6357, down 0.13%. The US dollar has steamrolled the Aussie, which hasn't posted a winning week since September and dropped close to a one-year low last week. The Australian dollar has bounced back this week, however, gaining 1.08%. The...
As London Metals Exchange Week 2023 wraps up, we summarise some of the key observations for the state of the base metals in 2023 and what are likely to drivers for the markets going into 2024. Better than the macro data would indicate Despite the challenging macroeconomic backdrop especially in China, metal demand is holding up fairly well. Demand indicators...
Looking at TVC:GOLD on the 3M(Monthly) Tf(Time-frame) from an investor perspective view of positioning; (long-term investing on the yellow stone) we can see it sitting at no men's land at the current price, as well Changing Character and Breaking Market Structer (Lower Low) in price action ; (Lows of Q2) Despite its Bearish Price Action on *3M , States...
Positioning Clients are skewed long, with 63% of open interest is held looking for upside in AUDUSD. In the broad market, the big flow desks report that hedge funds (leveraged players) are small net short of AUDs, while ‘real money’ (pension funds, insurance, asset managers) have a large net short AUD exposure. Factors that could move the AUD? • The RBA...
I do like how some of the strongest plays in China are setting up for the perspective upside in Q4 and beyond. Have a look at $NASDAQ:FUTU. High double and triple digits growths of earnings and sales four quarters in a row; strong and consistent ROE numbers; high eps growth estimates. Management owns 5% of the company. In conjunction with China government plans...
Long TXN Company Overview: Texas Instruments (TXN) is a prominent and long-established semiconductor company headquartered in Dallas, Texas. Founded in 1930, TXN has evolved into a global leader in the semiconductor industry, with a diverse portfolio of analog and embedded processing products. Here are some key aspects of the company: Product Range: TXN...
The Hang Seng Index is currently in a strong rise. As the yellow trading range between 17 424 and 15 571 points has already been approached, it is quite possible that the low of the magenta wave alt.(2) has already been set. We give this scenario a 40% probability and it would become our primary scenario if the resistance at 18 898 points is broken. Until then,...
One of my favourite ideas in electrical vehicle space - China's Li. Mid-term price structure still looks bullish to my eyes, despite Sep's sell-off bellow 50D MA. While the price is still under it (what is a "no-go" rule for any substantial long trades for me), I do like how price managed to find foothold slightly crossing below the ideal support zone. In...
So much for Chinese growth. Lost 42% of it's value since it's IPO day on 20 June 2020. Bought this in August 2023 with a channel break. This hasn't broken back into the channel again, but just a damp squib investment. Going nowhere slowly right now.
SGX:FEF2! chart mapping/analysis for med-long term swing trade strategies. China's Iron (Ore) Dragon lays dormant while the country celebrates Golden Week (Oct 1st-Oct 7th).
it's ike buying a pair of jeans .. and not using it probably the next big thing when oil hits $100 or ARAMCO debuts soon it's all a cycle for the benefit of the few greedy players -- notice the VOLUME underneath relative to previous years.. those whales splashing discretely while price at sub $2 is at rest -- thieves like to accumulate when no one is minding...
The Dollar is surging and gaining strength like it did in 2021/2022 when inflation narrative dominated the market. Are we witnessing inflation resurgence. This Multi crossover of the daily moving averages suggests a very strong trend is forming, but this rise in price action often yields a pullback before the next leg higher. Think about why this is...
China's persistent and substantial gold buying activities have been steadily driving up the price of this precious metal, presenting an exciting opportunity for traders like yourself to consider going long on gold. Over the past few years, China has been actively diversifying its foreign reserves by increasing its gold holdings. This strategic move is aimed at...
Look at how the bullish green arrows and bearish red arrows show how global liquidity correlates HEAVILY with the direction of Bitcoin. T You don't have to be a genius to see how beautiful this correlation is. And how sensitive #BTC is to excess capital in the system. As a risk on asset When ppl have easy money to gamble with , a portion of that ends up in the...
My dear friends, Thursday, 14 September, 2023 and ECB interest rate decision is on the way. We'll wait for confirmations. But before ECB meeting, series of several bad economical news over China's financial stability were published. Market reacted to them rationally. Suddenly the red dragon start to regain it's reputation. Good news for China means stronger...