Chinese stocks are not slowing down, and today was no exception. Amidst a volatile midday where it looked like we might see a downturn, the resilience of these stocks was
October 02, 2024 | | Let's dive into today's market dynamics. | Chinese stocks are not slowing down, and today was no exception. Amidst a volatile midday where it looked like we might see a downturn, the resilience of these stocks was notable. Particularly, the ETF for Chinese internet companies, $KWEB, along with the Yen, closed at session highs—a clear signal that the momentum in the Chinese sector remains robust. | While some stocks like Duo showed mixed movements, ending the day nearly flat, the broader trend suggests significant activity is still underway. This ongoing strength in Chinese stocks is shaping up to be one of the most extended bullish cycles witnessed since 2020, offering potentially lucrative opportunities. | Stocks to Watch: Keep an eye on $TANH and $HKD. $HKD, once a controversial player, has now emerged as a front-runner, potentially gearing up for another substantial run. Also, watch for $TOP, which had a nice run up today and has been very active after-hours too. | $INDO, we didn't see the run today, is still on the radar for potential breakout due to the ongoing tensions in the Middle East. | We're entering what I call the "Madness Stage" of market movements, with several stocks poised to make substantial moves. | With the market this heated, tomorrow could bring significant price movements, especially in the stocks that closed strong today. Keep a close eye on the after-hours and pre-market activities to gauge potential entry points. | Stay tuned, and remember, navigating these volatile times requires agility and keen market insight. | Are you ready to capitalize on these movements tomorrow? | Check out this short video to learn more and to understand the potential in this China rally! |
| | | Update your email preferences or unsubscribe here © 2024 Guardian Financial Publishing 3571 Far West Blvd
Austin, Texas 78731, United States of America | | Terms of Service |
|
|
|
|
|
No comments:
Post a Comment