Given the Chinese market and economic interventions, much more than the Fed & ECB, leading to much greater boom, bust cycles, it seems TA is limited, especially with so many equities suspended. Personally I closed Chinese ETF positions, fortunately for profits, and plan on not trading China for the foreseeable future.
SHANGHAI
Started by
NAV
, Aug 01 2015 10:28 AM
11 replies to this topic
#12
jmicou
-
- Traders-Talk User
- 2,749 posts
Member
Posted 01 August 2015 - 03:37 PM
Given the Chinese market and economic interventions, much more than the Fed & ECB, leading to much greater boom, bust cycles, it seems TA is limited, especially with so many equities suspended. Personally I closed Chinese ETF positions, fortunately for profits, and plan on not trading China for the foreseeable future.
"The Carlyle Group, one of the top private equity firms on Wall Street, has seen one of its funds sustain hefty losses because of the washout in raw materials, the Wall Street Journal reported late Friday. ...
...As a result of the losses, Vermillion's founders departed the private equity giant at the end of June, sources told The Journal. The firm is pulling back from investments in key markets like oil, natural gas, coal and agriculture, the report added. ...
...Commodities and raw materials has been among the most volatile sectors in the global economy this year, hurt largely by fears of slowing demand from China, which has a voracious appetite for industrial commodities like copper, iron, ore and coal. In July, copper prices swooned by more than 8 percent, their biggest loss since January."
http://www.cnbc.com/...s-rout-wsj.html
