SIZZLING-YINN-HANDLE!!!! There's been a global paradigm shift As Biden's re-election prospects diminish and recent events are raising concerns. While US and Europe valuations are within fair value range based on forward P/E ratios the tremendous laggard China has turned its corner in cracking the chip after Pres Xi spent about $2T equivalent in US dollar that is a lot but at least he accomplished what he intended when he came in office and announced the "common prosperity initiative" to solve demographic generational chasm from the one child policy before and thee are not enough producers to support the rest and to solve this make home affordable again as children live with their parents until age 55 on average and this is not ideal for starting a family they need their own home. Well fold housing down 95% mission accomplished lol Tech Sector crackdown and sanctions on top of a strong US dollar also beat down China tech index clubbed like a baby seal down 75% . many have contemplated is China investable. We ladies and gentlemen. Bottom Line = YES! .........PLAY BALL!
Notice: Think for yourself before comparing your analysis. Past does not equal future, same goes with price discovery. Leverage ETF products have additional risks and design for short term trading and speculation and someone who has a system with automations and watching the Bloomberg. This is not intended to be a recommendation in absolute. If you do not fully understand please consult an advisor, make sure you have adequate cash reserve and can afford to lose as invest like this leverage 3x so that is a notional value of 300% of a potential 25%83=74% in one handle (move). Remember to cut your losses because it takes a 100% return to break even from a 50% loss. I would expect this trade to take 2 weeks to mature but could take a month and it may be down at first, but the paradigm has changed, and this is the trade for now.
CHINA-TECH
$BABA | WEEKLY WATCHLIST 11/1Not my favorite setup into the week... but still worth mentioning here. A possible wave 1 is in and looking to retrace on this wave 2. I have indicated my ideal buy box in the $148-155 range is best. If we can hold there with volume, I will consider taking a small long swing, targeting the mid $190s area.
How to Trade the Tech Cold War? BIG SHORT?
FA:
Global supply chain issues have made the logistics of semi-conductors even more complicated; thus we can expect rising costs and lower profits
The Tech cold war between USA and China if led to Chinese retaliation may lead to US semi-conductor companies being hit hard the most as China contributes to 60% of the market demand of semiconductors
Skyworks Solutions is predicted to release a decline in earnings for the period ending in June 2020
Decrease in Hedge fund interest when you analyze portfolios
TA:
Perfect Gann Set up, with the second pull up providing a perfect shorting area with the Stop loss being defined outside of the Gann area
You can book profits earlier, but when trading with Gann , you usually book profits at the point where there is a bullish crossover which is when it crosses above the 1/1 region.
-Megalodon Whales (Rahim)
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$SBES In Breakout Mode Following Anticipation of $10 Bil MergerIt is anticipated that around 60% of the float is now locked and the rest to be locked by hedge funds and whales who will be coming in before the filings for the merger drops. The merging in candidate following all the DD is said to be RockySaaS, owned by $10 Bil Panshi Group.
There is much much more DD in the iHub stickies than can be inputted here:
investorshub.advfn.com
Next resistance points are .0080, .015 and .02 after that it is pretty thin all the way up. Long term PT is around .10