21 November 2019, Thursday
(Click on Technical Chart above to Expand)
Attached is the Updated Technicals for the China SSEC Index.
Market herd is at rapacious level. So if I am smart money, I will eat up the rapacious herd short term in one unexpected swoop, especially those who had been buying China markets thinking that trade war is over with the US-China phase 1 trade deal. This means a repeated pattern as boxed up may be in the brewing, and certain safety precautions such as reducing weight on portfolio, shorting weak stocks like Expedia, tourism stocks and downtrend stocks, and loading up of gold may be necessary as a form of hedge on one's portfolio of investments.
Market herd is at rapacious level. So if I am smart money, I will eat up the rapacious herd short term in one unexpected swoop, especially those who had been buying China markets thinking that trade war is over with the US-China phase 1 trade deal. This means a repeated pattern as boxed up may be in the brewing, and certain safety precautions such as reducing weight on portfolio, shorting weak stocks like Expedia, tourism stocks and downtrend stocks, and loading up of gold may be necessary as a form of hedge on one's portfolio of investments.
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