Categories
Sectors In Particular

Bearing Away From China

At the beginning of this month, the models made a bull call on China stocks. After tonight’s run, that call ends tomorrow. The models have China stocks bearish now through the middle of August. But they are looking for strength to return at the end of that month.

The chart shows the predicted strength of four ETFs following the Chinese stock market. Note that the prediction for $YANG, an inverse ETF, is bullish, while the other three are bearish until August 15.

$CHAU – Direxion Daily CSI 300 China A Share Bull 2X Shares

$XPP – ProShares Ultra FTSE China 50

$YANG – Direxion Daily FTSE China Bear 3X Shares

$YINN – Direxion Daily FTSE China Bull 3X Shares

My other ETF picks are available at https://mcverryreport.com/forecast

Categories
Markets Overall

China Forecasted To Remain Bullish

To follow up Monday’s post, the models still have the Chinese stock market in a bullish light through the middle of August.

$YANG is Direxion Daily FTSE China Bear 3X Shares

$CHAU is Direxion Daily CSI 300 China A Share Bull 2X Shares

$YINN is Direxion Daily FTSE China Bull 3X Shares

This bullish call remains surprising to me, considering how stock markets worldwide are in almost a freefall. We’ll see.

As of 2022/06/30