ES FUTURE ATHs while you Sleeping & Chinese Bond Markets Melted

2021年11月5日

So what took the SPX down in September is pushing this market higher today.

Overnight trading was halted on Kaisa another larger property developer in China.

There is a systemic issue throughout the Chinese property developer complex.

Evergrande is nearing ATH lows again (ticker 3333).

ES now sits right on the 2.0 Fib retracement. Next Fib is at 4741 at 2.27

This ramp has pushed us back into the channel we were in from before Septemebers sell off.

Volume all week has been weak but the buying has been relentless. The ES has been trading at 80%.

2021年11月8日

註釋

twitter.com/RChoongWilkins/status/1457665347125846023

Looks like Evergrande missed coupon payment for bonds.

The Bond ETF shown above closed at Fresh today in Hong Kong down 3.16%

Bonds for Country Garden & Vanke the countries largest Property developers fell to fresh lows.

Now bonds for the Sino-Ocean Holdings are falling to fresh lows - and this company which is 30% state owned is 54x the size of Evergrande.

bloomberg.com/news/articles/2021-11-08/chinese-developer-controlled-by-government-is-latest-to-plunge?srnd=premium-asia

2021年11月9日

註釋

Premia is down another 2.23% on the open.

Not a stock - this is a bond! Something is breaking.