
Taking Stock of Inflation Concerns
MRKT Matrix
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The Chinese Stocks Are Still in a Downtrend
China stocks rallied 75, 80%, which is remarkable if you think about it. We saw a similar move by the way around the 4th of July where Alibaba, I think, rallied 35% the next day. To your point though, these are all still in a very significant downtrend. But so we're breaking out right here and you say, well, why would you kind of take the other side of a powerful breakout? Well, my trade is a near term one. I'm using options. I'm looking at the February expiration. I'm targeting a move to like that kind of mid December low back there towards 27 or so.
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