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TAIEX and China Stocks Both Benefit From US-China Trade DealTAIEX enjoys a positive correlation coefficient with the Shanghai Composite which has strengthened consistently over the past few months. Then if we believe that a trade deal with the US is coming then the TAIEX will surely enjoy some gains as well even especially since TAIEX greatly outperforms Shanghai Composite and Shenzhen Component. However, TAIEX RSI is well into the overbought territory and let's also not forget TAIEX suffered its worst single day loss (6 percent) since the 2008 financial crisis back in January of 2018. More volatility to come?
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by WhiskeyTangoFoxtrot3
All-time biggest slump of Taiwan stock market today 2018.10.11 After the government made many statements about "most consecutive trading days for the index to stay above 10,000", Taiwan stock market had a biggest slump of all time to go down more than 6.3% (7.3% for the futures) today. To take this 0050 ETF as an example (composed of top 50 Taiwan stocks), it had so many potential trades to take on the train of slump! Of course, the main purpose of this article is not about hindsight, but with a thought of "the market is made of trading plans" there indeed had so many signs and chances to establish short positions before today! Focus on the trading plans on your own trading system, sometimes the market will give such a big gift like today~! It'll be quite interesting for the world's stock market to become so volatile again, that's when traders start to get exciting! =========================================== After an 8-day vacation I'm back yo~ Luckily enough all of my stock positions got out on the trailing stop last week like COST and ATVI. And I'm ready to trade this volatile market gogogo!!
TWSE:0050
by Trader_Joe_Lee
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