Shanghai Stocks Falling Out of Favor As Central Bank Tightening Hard On TrackMark Melin
The Shanghai Composite Index had its worst day of the year Thursday, down 2.3%. After beginning a well-defined price uptrend that started in May 2017, Wednesday’s move could trigger sensitive momentum algorithms to exit long positions, particularly those formulas that focus on price channel patterns and downside deviation consistency models. But beyond the algorithmic factors, there are fundamental concerns, notes a Deutsche Bank report. Some of these issues are long-term and involve slower moving central planning models while others are shorter term in basis . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible