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Re: dindindon post# 15856

Tuesday, 10/20/2015 11:04:45 AM

Tuesday, October 20, 2015 11:04:45 AM

Post# of 41438
10/20/15 Shanghai Composite Index

review:

08/27/15 An upward breakout (3324-3121) would be very bullish.
10/11/15 (First time report in this thread) link with reasonable "lead" time

status:

- Shanghai composite takes out resistance and keeps ascending
- stock market does not correlate with economy
- policy makers provide incentives to push the market upward
- stock market is not a safe harbor, a game of risk & reward

red color is Up



some popular China ETFs

CHAU Direxion Daily CSI 300 China A Share Bull 2x Shares
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CHAD Direxion Daily CSI 300 China A Share Bear 1x Shares
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PEK Market Vectors ChinaAMC A-Share ETF
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CNXT Market Vectors ChinaAMC SME-ChiNext ETF
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GXC
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YINN Direxion Daily FTSE China Bull 3x Shares
YANG Direxion Daily FTSE China Bear 3x Shares
300% or 300% of the inverse of the performance of the FTSE China 50 Index
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In China, there are two public stock exchange markets:
Shanghai Stock Exchange, SSE
Shenzhen Stock Exchange, SZSE


Both the SSE and SZSE operate the Main Board while the SZSE also runs the Small & Medium Size Enterprise Board (“SME”) and the ChiNext Board.

The Main Board is designed for large scale companies which intend to solicit large amounts of public funds. A company to be listed in Main board has to meet a set of stringent requirements, one of the qualification is a consecutive 3-years profit.

SME adopts the same listing requirements as the Main Board while targeting companies with a smaller scale for equity flow.

The Nasdaq-Alike ChiNext Board provides an important platform, with less stringent listing criteria, for those enterprises engaged in independent innovation businesses and other growing venture enterprises to solicit public funds.

ChiNext: PE is around 128.4 as of 06/16/15 (before the crash), 5 year averaged 58.9.

Up to July/2015, there are 2883 registered companies in the mainland China stock listing, 145 mainland companies registered in Hong Kong stock listing.

There is a circuit breaker for each stock Up/Down 10% in the same trading day. On 07/09 there were 1442 stocks tripped on circuit breakers.

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