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Two Ways: Can China Save the Day?


Strengthen your portfolio in good times and bad.


China to the Rescue

China, the world's third-largest economy, will be a "stabilizing force" in the fight to halt the global financial crisis. So says People's Bank of China Governor Zhou Xiaochuan.

According to Bloomberg, Xiaochuan cited the cutting of interest rates 5 times since September and China's $585 billion stimulus package, both of which have given confidence to investors. So far this year, the Shanghai Composite has risen 30%, making it one of the best performing indexes in the world.

See Minyan Jame's Quinn's Can China Beat the Fed At Its Own Game?

From the Bull Pen: Many know about the iShares China 25 ETF (FXI), but bulls can look to the better play Professor Krueger mentioned on the Buzz: The Morgan Stanley China A Share Fund (CAF). A sell stop can be set below $27.

From the Bear Cave: Bears can keep an eye on New Oriental Edu & Tech (EDU). Filling the gap and failing isn't the best of signs. Aggressive bears can play the downside with a buy stop 2% above entry.

Quick Check Around the World

Asian trading closed with the Hang Seng 3.57%, India 3.47%, Nikkei 1.84%, Taiwan 0.75% and Shanghai 3.06%.

Glancing towards Europe, we see the CAC -0.13%, DAX 0.71%, FTSE -0.29%

As of 8:05 AM EST, S&P Futures are trading +12 to 820, and Nasdaq futures are +12 to 1252.

A Look At Commodities

Crude oil is trading +0.87 to 53.64. Gold is -0.30 to 935.50. Silver is +0.93 to 13.530, and copper +4.35 to 184.65.

The dollar index is -0.220 to 84.0750.

On the Radar


08:30 Initial Jobless Claims 640k
08:30 Continuing Claims
08:30 GDP QoQ -6.6%
08:30 GDP Price Index 0.5%
08:30 Core PCE QoQ 0.8%
08:30 Personal Consumption

Click here for the full trading radar.

Thirsty Thursday! Join me at Giorgio's later tonight. Good luck!

In memory of our fallen friend and trusted colleague, Bennet Sedacca, 100% of the donations made to the RP Foundation through April will be channeled to philanthropic endeavors consistent with the RP mission, working closely with the Sedacca clan in the distribution of those funds. We thank you kindly for your support as we strive to affect positve change in the lives of children.

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No positions in stocks mentioned.

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