A focus on the continued rise in the conventional markets and Apple to release its earnings next week
The conventional markets continue to rise. Rick Ackerman joins us to discuss some of his targets for the markets. Related tot he markets is Apple’s earnings set to come out early next week which might possibly be the next driver.
Click download link to listen on this device: Download Show
Quick list of ETF’s tracking China Equities for anyone who is interested.
http://etfdb.com/index/csi-300-index/
Can you go back a few years in Time and post that list BM.
A-Share of China might be the least investor friendly market. The main reason is speculative nature of the investors there and hostile government which hates gambling. After trading that market since 2008, I have learnt to be patient and selecting good companies to hold. One good thing about the stocks there is that most of them are very profitable and rarely go bust. It is at least safer than Canadian venture exchange which is full of junks.
I could take you back nine months when I first started telling anyone here who might listen that I felt sure the time to buy China had arrived. **Grin**
But that’s not really helpful right now.
Look, here’s the thing, I still believe there is a lot of upside in that market despite the fact some ETF’s posted gains of more than 60% already. This is just my opinion you understand…it is not investment advice.
When I look at the level of new participation within China and how rapidly it is growing there is absolutely no doubt that this is strong momentum play. I don’t think I would chase it though because a pullback looks inevitable to me. I mentioned yesterday I am using a crude form of Elliot to make my judgement and base it off the longer term charts for perspective…no fine detail here.
But a corrective wave should come by summer if it follows my play book. If you read my earlier posts this week you will also know its my vie that market will bust and artery sometime in September / October just based on the trajectory and speed of its growth.
Way too fast…way too steep. It is a MANIA!
The apple watch sold out pretty quick in China.
or so Ive read.
$1168 and we bounce on our way down to $800? I guess.