Riding the CHAU Wave – Bullish Momentum Ahead!Why I’m Bullish on CHAU Right Now
🔥 China’s Market Heating Up – With policy shifts and economic stimulus rolling in, Chinese A-shares are looking primed for a move. CHAU, with its 2X leverage, is my vehicle of choice to capitalize on short-term momentum.
📊 Technical Setup Looks Strong –
✅ Breakout
Key stats
About Direxion Daily CSI 300 China A Share Bull 2X Shares
Home page
Inception date
Apr 16, 2015
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
CHAU is a leveraged play on the China A-share market, using swaps to mimic twice the daily returns on the CSI 300 Index. CHAU rebalances its leveraged exposure daily, so over a period of time, compounding effects can lead to profound differences in expected returns relative to the index. The index invests in large, well-traded Chinese stocks that trade only on the mainland through the subadvisor, Harvest Global Investments, which has an RQFII license up to a specific quota. If the quota is reached, the index will have to either get its quota increased, use derivatives to maintain exposure, or limit or halt creations, so monitoring is warranted. CHAU is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one-day period. The index is reviewed semi-annually.
Classification
What's in the fund
Exposure type
Cash
ETF
Stock breakdown by region
The dragon is breathing FIREAMEX:YINN & AMEX:CHAU : READY TO PUMP!
Mark your calendars, people—THIS is the week to go BIG! 📅 I’m calling it now: AMEX:YINN and AMEX:CHAU are set to explode within the next few days. The key dates are 1/17, 1/21, and 1/27. These are the moments to watch as the Chinese market heats up like
ALL IN: $YINN & $CHAU to the MOON!This is it, folks! Chinese stocks are about to go absolutely ballistic! 💥 I'm loading up on AMEX:YINN and AMEX:CHAU because I believe this is THE breakout moment we've been waiting for! 📈✨
AMEX:YINN (3x leveraged Chinese large-cap stocks) and AMEX:CHAU (3x leveraged China A-shares) are prim
How to invest in China, my current folioTo continue the topic of investing in China, I am using CHAU chart, which is the CSI300 2 x ETF chart. CSI300 chart is available else where but not on TV.
Current holdings.
1. CHAU, the 2x ETF of Shanghai traded CSI300, similar to SPY500
2. NIO, Chinese rival of Tesla. I like its CEO humility and
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.