China stocks lack direction, Dec 22
2011-12-22 08:38:50
December 22, 2011 (Chinavestor) China stock lacked direction on Thursday. The Shanghai Composite Index (SHA:000001) as well as the Hang Seng Index (INDEXHANGSENG:.HSI) shed 0.2% before U.S. jobs numbers. Investors wonder what the government might do in China to spur growth but with ambiguous signals, most stepped aside. Trading was light in both key Asian markets for the day.
After pullback, more upside ...
2011-12-22 08:26:01
December 22, 2011 (Chinavestor) There are no overbought stock extremes today. LDK Solar (NYSE:LDK), Seaspan Corp. (NYSE:SSW) and China XD Plastics (NASDAQ:CXDC) pulled back on Wednesday. More aggressive moves are portrayed on the oversold chart though. China Mobile (NYSE:CHL) is still a bargain, according to the oversold monitor along with Baidu.com Inc. (NASDAQ:BIDU).
Focus Media sink sector
2011-12-21 13:18:31
December 21, 2011 (Chinavestor) Money flows, an indicator of institutional investors' interest, is best used when performance and money flows diverge. This is the case with the Chinese services sector, where money flows dropped sharply in November 18-21 while the index itself hardly budged. As it turns out, it was Focus Media Holdings (NASDAQ:FMCN) that fell hard with HUGE underlying volume in that period. So it wasn't large cap Chinese telecoms or Melco Crown Entertainment (NASDAQ:MPEL) but a smaller player that changed the field.
China's economic challenges
2011-12-21 10:04:27
December 21, 2011 (Chinavestor) China is not immune to western economic woes despite a healthy 9% GDP growth in 2011. The Shanghai Composite Index (SHA:000001) is off 21.9% for the year while the Dow Jones Industrial Average (INDEXDJX:.DJI) managed to eke out some gains! Chinese stocks underperformed western indices by a wide margin, a surprise to many. Why is that?
China stocks mixed Dec 21
2011-12-21 08:27:05
December 21, 2011 (Chinavestor) China stocks found support in a resurgent DJIA in Hong Kong on Wednesday. The Hang Seng Index (INDEXHANGSENG:.HSI) advanced 336.3 points or 1.8% in a broad rally. Chinese airliners advanced after weeks of heavy selling. China South Airlines (HKG:1055) rose 3.9 while Air China (HKG:0753) snapped back 6.7% after a 1.9% dive a day before.
DJIA 300 points surge moves China stocks
2011-12-21 07:39:26
December 21, 2011 (Chinavestor) LDK Solar (NYSE:LDK) took a breather on Tuesday and is not overbought anymore. Soufun Holdings (NYSE:SFUN) and Seaspan Corp. (NYSE:SSW) have sound momentum according to the chart below. Stocks with sound 50-DMA and 200-DMA on the overbought chart include China XD Plastics (NASDAQ:CXDC), Huaneng Power (NYSE:HNP), Sinopec (NYSE:SNP) and The9 Ltd. (NASDAQ:NCTY). Previously oversold China Mobile (NYSE:CHL) is off the leading position after a sound 2.4% bounce back on Tuesday. Sina Corp. (NASDAQ:SINA), Baidu.com (NASDAQ:BIDU) and E Commerce China (NYSE:DANG) are still below their trading envelope despite a surge on Tuesday.
China momentum stocks before Xmas
2011-12-20 14:10:46
December 20, 2011 (Chinavestor) Out of 120 plus Chinese stocks, the following five are trading above their 50 day moving averages (DMA) and 200 DMA at the same time today. We used market cap and volume filters to keep the list investment grade.
Did Sina bottom out?
2011-12-20 08:47:52
December 20, 2011 (Chinavestor) While Sina Corp. (NASDAQ:SINA) is not oversold, that doesn't mean it has to keep sinking. The stock is trading at 52 week lows and makes investors wonder where the bottom might just be. Or is it time for a re-bounce? It's you to judge...
Telcos, technology stocks move
2011-12-20 07:50:37
December 20, 2011 (Chinavestor) China Mobile (NYSE:CHL) and China Telecom (NYSE:CHA) are the two most oversold China stocks at the moment. AgFeed Industries (NASDAQ:FEED) is a question mark but Baidu.com Inc. (NASDAQ:BIDU) has more upside potential than downside risk. When it comes to overbought stocks, investors have not much to see other than LDK Solar (NYSE:LDK).
China stocks lack direction Dec 20
2011-12-20 07:03:14
December 20, 2011 (Chinavestor) China stocks gave up early morning gains by the afternoon as outlook in Europe remained uncertain. The Hang Seng Index (INDEXHANGSENG:.HSI) ended10.0 points or 0.1% higher for the day while the Shanghai Composite Index (SHA:000001) shed just as much. Investors worry about slower demand for Chinese goods in Europe which is the largest trading partner of China.