Chinese stocks continue to jump the most in almost two years as stimulus-induced euphoria continues.
SPDR S&P 500 ETF Trust (SPY)
Index – USA
USA ADP Nonfarm Employment Change for September 143K vs 124K Est (103K prior). Yesterday was decent red day.
- STOCK – 50 Day Volume Average (mil): 54.766
- STOCK – ATR: 6.43
- STOCK – RSI daily: 57.57
- STOCK – Resistance: 568, 569, 570
- STOCK – Support: 567.25, 567, 566
- STOCK – Today’s Current Volume (mil): 0.373
Fangdd Network Group (DUO)
Media – China
Strong continuation in trend with other Chinese stocks.
- STOCK – 50 Day Volume Average (mil): 14.340
- STOCK – ATR: 0.39
- STOCK – In Play Catalyst: Continuation
- STOCK – RSI daily: 96.11
- STOCK – Resistance: 5, 5.89
- STOCK – Support: 4.25, 4, 3.75
- STOCK – Today’s Current Volume (mil): 15.281
Agora Inc ADR (API)
Software – California USA
Showing continuation to the upside, might be trading in sympathy with Chinese stocks.
- STOCK – 50 Day Volume Average (mil): 0.164
- STOCK – ATR: 0.14
- STOCK – In Play Catalyst: Continuation
- STOCK – RSI daily: 81.886
- STOCK – Resistance: 7.35, 7.5, 8
- STOCK – Short Float %: 1.87
- STOCK – Support: 7, 6.5, 6
- STOCK – Today’s Current Volume (mil): 23.505
Ke Holdings Inc – ADR (BEKE)
Real Estate ADR – Bejing
Another strong continuation on the Chinese stocks trend. Nearly 2 ATR from the close.
- STOCK – 50 Day Volume Average (mil): 9.040
- STOCK – ATR: 1.25
- STOCK – In Play Catalyst: Continuation
- STOCK – RSI daily: 82.53
- STOCK – Resistance: 26.75, 27, 27.5
- STOCK – Short Float %: 2.61
- STOCK – Support: 26.5, 26
- STOCK – Today’s Current Volume (mil): 3.273
