China heading north


Shanghai Stock Exchange Composite Index showing strength. Close above its MA200 is very positive. Probability of long term trend change is very high.

china1

Bullish tone in EM stocks is supported and by recent bounce of commodities. One of good indicator of economic activity is copper which is moving UP since Dec 2008.  All these in mind support my short/mid term bull view on stocks. Let’s see whether developed markets will follow the party.

copper

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2 Responses to China heading north

  1. trends watch says:

    trend watch : China heading north « TREND ROOM…

    […]Shanghai Stock Exchange Composite Index showing strength. Close above its MA200 is very positive. Probability of long term trend change is very high. […]…

  2. […] Rally is out of power..at least for now China stocks market failed right on my target (see my post). I expect to see healthy correction from here. How deep we can go from is tough call IMO. Anyway […]

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