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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
Uncategorized

China Strong

I was going through my daily routine of reading other blog sites. While on one of my favorites, Slope of Hope, I noticed several comments from Slopers about how they are selling China by selling the ETF $YINN, Direxion Daily FTSE China Bull 3X Shares. So I decided to see what the models said about $YINN and its counterpart inverse $YANG, Direxion Daily FTSE China Bear 3X Shares. The models disagree. The models say buy $YINN. The models expect a 10-15% increase in $YINN over the next 30 trading days. Below is the Estimated Percentage Change chart for $YINN and $YANG with data subscribers to ETF Expectations get in a spreadsheet. We’ll see.