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Technical Analysis

China stocks ride on American momentum

China stocks ride on American momentum

February 12, 2014 (Chinavestor) The Dow Jones Industrial Average (INDEXDJX:.DJI) surged 193 points or 1.2% on Tuesday closing just below the 16,000 mark. All but one component of the 30 member index advanced. Alcoa Inc. (NYSE:AA) led the surge with a 2.4% jump followed by Boeing Co. (NYSE:BA) and Johnson & Johnson (NYSE:JNJ).

The China ADR Index, measuring the performance of US listed Chinese stocks, jumped 2.1% to close at 695.17 points. CNOOC Ltd. (NYSE:CEO) led the advance among Chinese listing with a $10.8 jump followed by Petrochina Co. Ltd. (NYSE:PTR) and China Life Insurance (NYSE:LFC). Another oil industry giant, Sinopec (NYSE:SNP) rose $2.6 while internet giant Baidu Inc. (NASDAQ:BIDU) climbed $2.0.

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Technical Analysis

China stocks looking for direction February 6

China stocks looking for direction February 6 February 6, 2014 (Chinavestor) American indexes took a breather on Wednesday after some heavy sell-off earlier the week. The Dow Jones Industrial Average (INDEXDJX:.DJI) shed 5.01 points or -0.03% ye...
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Technical Analysis

New Year Came Bearish in China

New Year Came Bearish in China February 4, 2014 (Chinavestor) The 326 points drop of the Dow Jones Industrial Average (INDEXDJX:.DJI) on Monday set a somber mood for the rest of the world. Asian stocks got hit particularly hard Tu...
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Technical Analysis

HNP to suffer on Tuesday

HNP to suffer on Tuesday January 28, 2014 (Chinavestor) Equity markets recovered on Tuesday in Europe but in Asia. The Nikkei 225 and the Hang Seng Index (INDEXHANGSENG:.HSI) continued to head south on Tuesday along with the...
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Technical Analysis

Three factors behind BIDU historic fall

Three factors behind BIDU historic fall
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