SHANGHAI SE COMPOSITE INDEX
Inner Mongolia BaoTou Steel. Xi Is Spinning Those Plates. From my previous posts, you can tell that I'm pretty bullish on equities especially Asian markets.
Equity indices news
The lackluster demand for Asian dollar bonds ADB is likely to recover as investors who shunned weaker quality notes during the turbulent final quarter of now see them as too cheap to ignore. If I have been helpful, please like my work and follow me, it helps us both. From my previous posts, you can tell that I'm pretty bullish on equities especially Asian markets. The huge fall in US equities to me looks just like a normal correction after a very long bull run. Asian markets fell a few months earlier than the US and it just seems to me like the US is just playing catching up.
I am bullish but at the same time remain ready at The Head Panda Bear is doing a good job of keeping all of the balls up in the air as this mid-sell off, sideways correction and the Holiday shopping season goes into the new year. Since the all time highs in the Shanghai Composite has not recovered those levels failing on successive Lower Highs.
This has created a Triangle pattern on the Monthly chart with Higher Lows. We can't be sure which trend line has to be followed to mark the new Higher Low as both have valid grounds.
In any case, the index is approaching its long term technical China Economy Expands 1. China Trade Surplus Largest in 3 Months. China May Inflation Rate Steady at 1. US Jobless Rate Rises to 3. Italy Inflation Rate at 7-Month Low of 1. Portugal Inflation Rate Lowest in 8 Months. Malaysia Trade Surplus Smallest in 3 Months.
Calendar Forecast Indicators News Blog. Home Ownership Rate Housing Index. Agricultural Bank of China. China Communications Construction Co Ltd. Inner Mongolia BaoTou Steel.