|Day Low/High||28.32 / 30.57|
|52 Wk Low/High||30.01 / 157.66|
Alibaba shares and the Hong Kong tech index are both coming off all-time lows in Hong Kong. Whether that continues has little to nothing to do with business.
Big Tech in China will not be allowed to use algorithms to sway customer behavior and must end practices that stop traffic heading to competitor sites and apps.
Nomura, Credit Suisse warn profits will take a hit after a client - reportedly Archegos Capital Management - missed margin payments.
Traders have to take the extra step to understand the underlying company and sector before jumping into a position.
It's likely that Powell may try to change the way the Fed targets inflation, and what the public expects going forward.
The market is seeing a very intriguing mix of action as we enter the bulk of earnings season.
The U.S. is reportedly eyeing amending bans on U.S. companies working with the Chinese tech giant, and this is creating opportunities.
Gap risk is very real with BILI, so options make a nice alternative here.
Political games of smoke and mirrors are making Asian trades look risky, but there may be another opportunity sprouting up.
The action Wednesday was a return to typical bear market trading, as stocks moved in a correlated way.
I may not be a 'true believer,' but the chart setup looks attractive here.
The biotech sector doesn't look anything like a bear market.
Although there is great fear of the economic issues that lie ahead, there is still a hunger for speculative action in the market.
Unfortunately, we have to operate under the principle of where there's smoke, there's fire.
I still don't think it's a terrible time to begin accumulating shares in quality companies for the long-term.
While a bounce is very likely to occur soon, the much more difficult issue is how quickly the market can recover from this corrective action.
Smartphone apps and their operators win as screen time among Chinese customers climbs 20% while the nation finds itself under lockdown.
If you are looking for a market turn then it is important to focus on the action in the afternoon and at the close.
This is not a market acting like it is fearful of a sudden collapse.
Technology such as 5G, streaming and cloud computing should all step up their game in this new year, but eSports, and specifically Huya, will likely hit it out of the park.
When time frames differ (short-term vs. long-term), it can result in actions that may seem to void the other. That simply isn't the case.
A key component to their long-term success is esports, especially in China.
These funds invest in companies poised to benefit from millennial spending trends.
This trade idea leaves plenty of time to see if the breakout takes hold without getting eaten alive by time decay.