A very tenuous connection between China PMI an anything to do with CTIX PPS.
Also, you mischaracterize the China PMI results. Anyone interested should check out the story, available at most news sites, such as CNBC. Throw in that cool China results are heating up the pressure for new China stimulus, and you are looking at a bull case for short term China.
3 hours from market open and the futures are UP comfortably.
I'll just speculate that the markets are having a slight relief rally this week. That goes for the Biotech indexes as well.
Janet Yellen's comments yesterday were supportive of the markets, international issues have gone from a slow boil to a slow simmer (not market moving), and key U.S. economic indicators are in a sweet spot (not so hot as to spur the need for easing and not too cool for growth). Reported interest rates remain very, very low.
So, in as much as the market influences CTIX, this is shaping up to be a positive week.
Volume and investor's interest/awareness still are my main concerns. After a down spell, looks like CTIX may have hit a short term bottom and be doing what it has done many times recently, moving higher into its carved out range.
I'll take it. Sooner or later, investor awareness will improve, along with volume. If management keep delivering, the upper range looks like the one that will get blown out.
A special good day to the many long and strong CTIX investors.
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