• 968 days Will The ECB Continue To Hike Rates?
  • 968 days Forbes: Aramco Remains Largest Company In The Middle East
  • 970 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,370 days Could Crypto Overtake Traditional Investment?
  • 1,374 days Americans Still Quitting Jobs At Record Pace
  • 1,376 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,379 days Is The Dollar Too Strong?
  • 1,380 days Big Tech Disappoints Investors on Earnings Calls
  • 1,381 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,382 days China Is Quietly Trying To Distance Itself From Russia
  • 1,383 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,387 days Crypto Investors Won Big In 2021
  • 1,387 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,388 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,390 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,390 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,394 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,394 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,395 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,397 days Are NFTs About To Take Over Gaming?
readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

Contact Author

  1. Home
  2. Markets
  3. Other

China Wobbles, What Has Been Shorted

George Berbard Shaw Quote

In 20 short years China equals (if you trust US and Chinese GDP numbers) US GDP.

Every great nation has it growth pains, after all the US of A was bailed out a few times over the last 200 years (J P Morgan in 1893), so you can expect China to have a few hard landings over the next 100 years. That is simply the law of the business cycle, no matter how modern day central bankers think they can flat line the down swings. Nope they can not, only delay.

This is what has been sold down on Chinese wobbles, and you can bet the momentum traders will push these lower. The FAT LADY has not yet sung on this down swing!

Copper slump due to demand slump. Chinese uses 30% of worlds copper.

Copper ETF Weekly Chart

Honk Kong (mostly property stocks) shows trend is at a very critical stage, buy the dip again would you?

Hang Seng Index Weekly Chart

Aussie stocks (exports) suffer after Chinese imports slump..

Australian Ordinaries Weekly Chart

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote...

"Mathematical science, which is the only real science that the entire civilized world has agreed upon, furnishes unmistakable proof of history repeating itself and shows that the cycle theory, or harmonic analysis, is the only thing that we can rely upon to ascertain the future." ~ William D Gann

"To me, the 'tape' is the final arbiter of any investment decision. I have a cardinal rule: Never fight the tape!" ~ Martin Zweig

"Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected." ~ George Soros

"It's not what you own that will send you bust but what you owe." ~ Anon

"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." ~ Nobel Laureate for Economics Paul Samuelson

 

Back to homepage

Leave a comment

Leave a comment