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One of the more noteworthy developments in recent days has been the move in Chinese stocks.  After a strong 2017 that saw the CSI China Internet ETF (KWEB) soared more than 68 percent, outperformed the S&P by a wide margin, the ETF has been under selling pressure in recent days amid ongoing worries on trade issues after Donald Trump imposed tariffs on some China exports to U.S.  Now the question is whether recent weakness is a pause that refreshes or it’s a beginning of something worse?  Below is an update look at a trade in KWEB.

The graphic below is from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges.  As shown, the underlying is in a short-term bullish trend when the price bars are painted in green.  The underlying is in a short-term bearish trend when the price bars are painted in red. 

Chart 1.1 – CSI China Internet ETF (weekly)

Our “U.S. Market Trading Map” painted KWEB bars in red (sell) – see area ‘A’ in the chart.  Over the past few weeks, KWEB has been trending lower in a short-term corrective mode after the December rally ran out of steam near the 127.2% Fibonacci extension of the 2017 upswing.  This week’s downside follow-through confirmed last week’s bearish signal and pushed…Click here to read more.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

 

This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

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