Is It Time to Buy the Dip on Chinese Tech Stocks?

August 1, 2021 The No. 1 Way to Trade in the New Decade Clear the calendar for this one... Because WealthPress Senior Strategist Roger Scott released a must-see presentation on an algorithmic trading strategy that leaves traditional stock picking in the dust. Roger's Storm technology mimics the billion-dollar algorithms Wall Street uses to send stocks soaring in a matter of hours… or plummeting to their death. And he's able to do it with just a few lines of code. Don't Believe Us? How to Trade Thursday's Colossal GDP Miss Well, after bragging to my Fortune Research readers about how right I've been so far, I was wrong… sort of. Thursday's disappointing GDP report was filled with mixed economic messages, and the future path of the economy is a little more uncertain than it was the day before. On one hand, we were right that year-on-year GDP growth was unprecedented in our lifetime — the highest since 1951 — and that's likely the biggest number we'll ever see. On the other hand, we were wrong in thinking that it would be the biggest of all time. What to Look at Now Is It Time to Buy the Dip on Chinese Tech Stocks? I love short-term trades, and the Chinese tech stock dip in the American Depository Receipt (ADR) names have presented some fantastic opportunities in recent weeks.   If you've been following me for a while, then you probably know all about how I bought the dip in DiDi for some spectacular results... But as much as I love these trades, I have to be honest — they come with their fair share of risk that shouldn't be brushed off, especially considering recent events. Should You Buy the Dip? Why China's Stock Market Sell-off Could Trigger a Global Crash It became increasingly clear this past week that investors must tread carefully in the China stock market sell-off. As I mentioned Monday, the market didn't react well to China eradicating a $100 billion dollar online education industry from its own country. The Chinese government is just getting started, and this is merely the early stages of the chaos that'll soon explode in the market. However, what I'm most nervous about is what'll happen during the final phase of this sell-off… which could trigger the global market crash I've been warning everyone about. It's a good thing I have a pairs trade set up just for that... Here's How to Play the Chinese Market Crash "During last 3 months I am listening all your webinars and was inspired by your trading background and competence. Now I am thinking that finally I see the light at the end of the tunnel." Sergey V. A Sector Exchange Traded Fund (ETF) invests in the stocks and securities of a specific sector, typically identified in the fund title. Sector ETFs have become popular among traders and investors and can be used for hedging and speculating. Their high level of liquidity means that there are rarely any large tracking errors from the underlying index, even during intraday trading.   Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein. Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.   Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions.

 

                                                           

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