Australian (ASX) Stock Market Forum

China Shanghai Composite Index - Technical Analysis and more

...and let's look at the SSEC, yesterday was a bit of a battle but the bulls took control eventually and it closed up!

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China's Big Earnings Showdown Kicks In Just as Stocks Tumble

The next few days are likely to be a tipping point for the world’s top performing stock market in China.

With some of the nation’s largest companies scheduled to report earnings, investors will be looking for evidence that an improving corporate sector will support valuations at a time when the government is paring back stimulus.


Doubt is creeping in -- the Shanghai benchmark has slumped 4.5 percent this week, set for its worst performance since October. That’s reduced this year’s gain to 25 percent, still the most among major global gauges tracked by Bloomberg. A stronger dollar is the latest headwind, while the memory of a flood of profit warnings in January may be spurring some profit taking before the earnings data. More...
 
China Triple Whammy Sees Stocks, Bonds, Yuan All Sink in April

A huge tumble in government bonds, the worst rout in months for stocks and a weakening yuan -- April was a month of selling in China’s markets.

There was no place to hide as the risk-on rally that had added some $2.5 trillion to the world’s top-performing equities started to lose steam. The Shanghai Composite Index is down for the month amid record foreign selling and small caps just entered a correction. China’s sovereign debt is heading for its worst monthly drop in more than eight years, while the yuan slid the most since October.

With mainland trading shut from Wednesday for three days, investors will be looking for fresh catalysts next week. More...
 
Chinese Stocks See Muted Gains After Monday's $487 Billion Rout

There was no rush to buy the dip in Chinese stocks after their biggest rout in more than three years.

The Shanghai Composite Index added 0.3 percent at the mid-day break after losing 5.6 percent Monday. The declines, which wiped out $487 billion from the value of Chinese shares, followed two tweets from U.S. President Donald Trump threatening to raise tariffs on Chinese goods this week over the pace of trade talks. His top trade negotiator late Monday confirmed the plans. The offshore yuan slightly extended losses after China’s state-run Global Times newspaper said the country is ready for temporary breakdown in trade talks. More...
 
This is a bit of jouralese but I am just keeping it for reference as it has potential for the SSEC, possibly...

A Mysterious Account in China Seems to Have an Inside Track on Trade Talks

For many China observers, one question has popped up since a pair of President Donald Trump’s tweets roiled Chinese stocks this week: Who or what is Taoran Notes?

As most of China’s media fell into collective silence Monday following Trump’s threat to escalate the trade war, Taoran Notes, a once obscure account on Tencent Holdings’ WeChat platform, somehow escaped the intensified censorship. It became one of the few voices offering an opinion on China’s negotiation strategy.

In a 1,500-character commentary published Monday, Taoran warned the U.S. not to fantasize about China making concessions that will damage its own interests. The comment was later re-published by the WeChat account of People’s Daily, a rare move for the official newspaper of the Communist Party. More...
 
After Weeks of Losses, China Stock Traders Question Beijing Put

If there was any optimism that China would soon rescue its tumbling markets, it’s quickly fading away.

Stocks just sank 2.5%, capping their fourth week of losses, while the offshore yuan is edging closer to its record low. Falling equity volume, even on rebound days, showed there’s not much appetite to buy the dip. Foreigners keep selling mainland-listed shares at a record pace. U.S. hedge funds -- who are sitting on a whole lot of bullish China stock derivatives -- are getting burned. More...

...and a chart...

Twiggs Weekly Money Flow is continuing to fall away. The price still is above the 200dsma but the 21dsma has crossed below the 50dsma.

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My A share stock portfolio at 80% capital invested. 5G and brokerage stocks, also mid low cap eft. Will it go back to levels at the beginning of the year? i doubted imo.
 
My A share stock portfolio at 80% capital invested. 5G and brokerage stocks, also mid low cap eft. Will it go back to levels at the beginning of the year? i doubted imo.
CNEW hit my manual stop loss level so I flicked it. Will wait and watch for a bit. I am into short term trading now unlike my past when I took a long term view of trading.

Why ETF Investors Have A China Problem

Investors clamored for years to get access to the China stock market. Now that they have that access, there could be an opposite problem. You see, the China stock market, as large as it is, offers a wide variety of ways for investors to participate. Now, China and the United States are locked in a trade dispute with no apparent quick fix. Regardless of how that evolves, there will be opportunities to capitalize. More...
 
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