The trade war talk has produced tremendous anxiety in the stock market. The major money are on the sideline. There are a lot to contemplate with besides the trade war. The rising interest rates and strong Dollar are the other two important factors that are on investors’ mind.
There are all the reasons in the world to buy the financials. The rising rates, de-regulation and tax policies are the tail winds for the financial sector. Yet, it has been under performing relative to the general market. The major advisories continue to issue buy ratings for the financials.
The new Chinese IPO stock $IQ has been nothing but on fire. Will it go up indefinitely? We are going to use cycle analysis and market geometry to provide the latest update on this runner.
The new Chinese IPO stocks such as $IQ, $BILI and $HUYA have been nothing but fabulous. Each of the three new stocks have at least doubled from the recent IPO low in a few sessions. The rate of increase is incredible. What are the characteristics that made them running crazy right out of the gate?
The new IPO Chinese stock $IQ has caught on fire since May 10, 2018 when it broke out the previous resistance at 20.50. It entered a virgin price territory with volume. The subsequent performance is nothing short of being fabulous. It has become one of the most traded stocks on Robinhood among the millennials.
