AI
Tuesday, October 20, 2015 11:04:45 AM
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
link
CHAD Direxion Daily CSI 300 China A Share Bear 1x Shares
link
PEK Market Vectors ChinaAMC A-Share ETF
link
CNXT Market Vectors ChinaAMC SME-ChiNext ETF
link
GXC
link
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
link
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.
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
link
CHAD Direxion Daily CSI 300 China A Share Bear 1x Shares
link
PEK Market Vectors ChinaAMC A-Share ETF
link
CNXT Market Vectors ChinaAMC SME-ChiNext ETF
link
GXC
link
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
link
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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