Hang Seng Weakness

Updated

I kinda blew the call Friday afternoon because I wasn't paying attention to China, and they pumped the crap out of futures Sunday. Pumped ES1 so much that when the Euros sold it, MDI went oversold but the index future was still up 9 pts at open.

Lesson learned.

Anyways, I bought MCHI calls today, and when I noticed this was overbought, I flipped them in the afternoon. Glad I did.

Note

Note: This is why futures are weak right now, Chinese selloff

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Weird, seems like they're a little more bullish after eating their lunch (1hr break)

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EUro pre-market now open and futures are back in the green.

WHat was weird was that the CHinese dumped US futures but not past the closing price. I guess they just wanted the easy money, but knew the US market is headed up (at least in the morning)

hungry_hippo

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