I’m as bullish as I can get on China here. Take a look at intraday charts on any names such as $SINA, $SOHU, $BIDU, $JD, $WBAI, etc. Very bullish flag and wedge patterns developing over the last few days.
I’m also very bullish on biotech next week, as discussed in After Hours with Option Addict. The $IBB has some pretty decent balance here at these prices, and has been a laggard of this rally, IMO. Rather than post a bunch of charts in this post, I’m going to summarize by saying I’ll be starting some call positions in $CELG and $KITE by EOD.
I’m also loving the 1998 analogues being thrown around on Twitter today. Makes me feel pretty validated for spending the last couple years explaining the consistencies, correlations and predictable outcomes.
Have a good one,