|Day Low/High||7.32 / 7.61|
|52 Wk Low/High||7.03 / 32.25|
Chinese regulators do not care how much stock market destruction they cause in the process of imposing these rules.
Shares of the Chinese search engine giant already are underperforming and could feel added pressure based on the stock's technical signals.
Plus, Elon Musk stirs the pot again in the cryptocurrency universe.
Right now it is institutional buyers steadily purchasing big-cap names that is driving the action.
There's no market energy right now but this can be a good environment for building some longer-term positions.
How can a company's stock be hostage to its own shareholders to do the job that the company can't?
Once you recognize that growth versus value is a false dichotomy than we can figure out what's ailing so much of the market.
We are close to capitulation for many market players right now.
Let's review this Archegos drama and some lessons from this fickle market.
Everyone knows the basics. Last week, the trading operation run by Bill Hwang known as Archegos Capital Management blew up.
Has the dire need for human involvement in the process of price discovery ever been more obvious?
Nomura, Credit Suisse warn profits will take a hit after a client - reportedly Archegos Capital Management - missed margin payments.
Stay focused and look for opportunity.
The Fed has probably refined what message that it wants to put forth and has sent the minions out to speak its current version of "truth".
The U.S. is reportedly eyeing amending bans on U.S. companies working with the Chinese tech giant, and this is creating opportunities.
Political games of smoke and mirrors are making Asian trades look risky, but there may be another opportunity sprouting up.
Let's be clear. The virus is the problem, and the economy will contract, perhaps significantly so, regardless of policy efforts made to counteract this reality.
Compared with prior Singles Day events, Alibaba got a bigger sales lift this year from 'lower-tier' Chinese cities, and saw stronger promotional activity from big brands.
We also take a look at the charts of Costco Wholesale and Viacom to check out potential plays in both stocks.
This trade idea leaves plenty of time to see if the breakout takes hold without getting eaten alive by time decay.
Plus, if you think equities have been on an upward trajectory, you might want to give them a second, longer-term look.
I know I haven't talked much about the overall markets today. My analysis falls well short of Dougie in this regard. I tend to trade or focus on specific sectors with volatility and action. That means I spend a lot of time with cannabis, eSports, Ch...
Equity markets had been hot. Real hot, going into this week's FOMC policy decision. Still no China trade deal.
You may recall that TME, the Chinese Music streaming business that IPO'd last December, while not a trade related play, certainly would be a Chinese growth play.
GSKY bulls watched as the stock lost two-thirds of its value from its post-IPO high and are now looking for news to turn the bearish tide.
It's okay to take some profits on TME but don't be surprised if the stock makes additional gains.