{"id":2664,"date":"2014-09-08T23:53:51","date_gmt":"2014-09-09T03:53:51","guid":{"rendered":"http:\/\/www.silver-investor.com\/blog\/?p=2664"},"modified":"2018-06-10T10:55:51","modified_gmt":"2018-06-10T10:55:51","slug":"chinese-stocks-pulling-us-stocks-higher","status":"publish","type":"post","link":"https:\/\/www.themorganreport.com\/blog\/chinese-stocks-pulling-us-stocks-higher\/","title":{"rendered":"Chinese Stocks Pulling US Stocks Higher?"},"content":{"rendered":"

 
\nThe Chinese Shanghai Composite Index broke to the upside in July and has rallied a good 15% since then. For an Index alone this is quite impressive, equivalent to the Dow Jones rallying 2500 points or so here on a relative basis.
\nOur opinion is this is Bullish for US stocks as it can only mean commerce is picking up in China after a period of consolidation. We have been bullish on the US listed Chinese stocks all year long and have traded in and out of them successfully at our ATP service.
\nBelow we have the US SP 500 index chugging along bouncing off the weekly trendlines during this Primary Wave 3 upside move. We maintain our 2213 target, which is a 161% relationship to Primary Wave 1 which was 704 points in upside length.
\n\"\"<\/a>
\nTake a look at the SSEC index charts on an 18 month and 3 year basis and you can spot the strength as well\u2026
\n\"\"<\/a>
\n\"\"<\/a>
\nOur opinion is this type of Bullish action in the Chinese names is only adding fuel to the fire that is the Elliott Wave Primary Wave 3 pattern we are in. Wave 3?s in Elliott Wave Theory are very bullish in terms of sentiment by investors. All dips are bought, good news is great, bad news is good and so forth. Wars, bombs, bank failures in Europe, deflation and any other pots and pans are deflected as investors feel the euphoria. This should likely continue until we get in the 2200 SP 500 ranges, and once there the fibonacci relationship of Primary Wave 1 to Primary Wave 3 will begin to exert resistance on the uptrend.
\nAt our Trading Service we have simply continued to ride the Primary Wave 3 trend to the upside, and rotate into the stronger sectors as they rotate. We began getting aggressive with the Chinese stock names several months ago as we felt they were bottoming out in May of this year. Companies like JMEI, LEJU, TEDU, YY and so forth have been great trading and growth stock names. Though the Chinese names are a bit extended, the growth rates relative to PE ratios are attractive as compared to their US brethren, and we expect to continue to exploit this until the gap closes or the sentiment exhausts itself.
\nJoin us at The Market Trend Forecast for regular SP 500, Gold, Silver, and other updates.
\nCheck us out at www.MarketTrendForecast.com<\/a>
\nDavid Banister<\/strong>
\n <\/p>\n

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.
\nAs publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time!<\/strong> Where will you be when this happens?<\/p><\/blockquote>\n

 
\n

Join The Morgan Report Free for 30 Days *<\/strong><\/span><\/a>* 30 Day Trial applies to new user sign ups only!
Offer does not apply to Premium Memberships.
<\/center>   <\/p>\n","protected":false},"excerpt":{"rendered":"

  The Chinese Shanghai Composite Index broke to the upside in July and has rallied a good 15% since then. For an Index alone this is quite impressive, equivalent to the Dow Jones rallying 2500 points or so here on a relative basis. Our opinion is this is Bullish for US stocks as it canMore<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[121,89],"tags":[],"yoast_head":"\nChinese Stocks Pulling US Stocks Higher?<\/title>\n<meta name=\"description\" content=\"Chinese Stocks Pulling US Stocks Higher?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.themorganreport.com\/blog\/chinese-stocks-pulling-us-stocks-higher\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese Stocks Pulling US Stocks Higher?\" \/>\n<meta property=\"og:description\" content=\"Chinese Stocks Pulling US Stocks Higher?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.themorganreport.com\/blog\/chinese-stocks-pulling-us-stocks-higher\/\" \/>\n<meta property=\"og:site_name\" content=\"The Morgan Report News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/pages\/The-Morgan-Report\/317004435015437\" \/>\n<meta property=\"article:published_time\" content=\"2014-09-09T03:53:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-06-10T10:55:51+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.silver-investor.com\/blog\/wp-content\/uploads\/2014\/09\/tmtf1.jpg\" \/>\n<meta name=\"author\" content=\"David Morgan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@silverguru22\" \/>\n<meta name=\"twitter:site\" content=\"@silverguru22\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Morgan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.themorganreport.com\/blog\/chinese-stocks-pulling-us-stocks-higher\/\",\"url\":\"https:\/\/www.themorganreport.com\/blog\/chinese-stocks-pulling-us-stocks-higher\/\",\"name\":\"Chinese Stocks Pulling US Stocks Higher?\",\"isPartOf\":{\"@id\":\"https:\/\/www.themorganreport.com\/blog\/#website\"},\"datePublished\":\"2014-09-09T03:53:51+00:00\",\"dateModified\":\"2018-06-10T10:55:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.themorganreport.com\/blog\/#\/schema\/person\/2f153b749f1b9c4e76eacf9ee3cc046a\"},\"description\":\"Chinese Stocks Pulling US Stocks Higher?\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.themorganreport.com\/blog\/chinese-stocks-pulling-us-stocks-higher\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.themorganreport.com\/blog\/#website\",\"url\":\"https:\/\/www.themorganreport.com\/blog\/\",\"name\":\"The Morgan Report News\",\"description\":\"Helping You Build And Preserve Wealth\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.themorganreport.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.themorganreport.com\/blog\/#\/schema\/person\/2f153b749f1b9c4e76eacf9ee3cc046a\",\"name\":\"David Morgan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.themorganreport.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/5580128866d1436555aa5bfafd8133d2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/5580128866d1436555aa5bfafd8133d2?s=96&d=mm&r=g\",\"caption\":\"David Morgan\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Chinese Stocks Pulling US Stocks Higher?","description":"Chinese Stocks Pulling US Stocks Higher?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.themorganreport.com\/blog\/chinese-stocks-pulling-us-stocks-higher\/","og_locale":"en_US","og_type":"article","og_title":"Chinese Stocks Pulling US Stocks Higher?","og_description":"Chinese Stocks Pulling US Stocks Higher?","og_url":"https:\/\/www.themorganreport.com\/blog\/chinese-stocks-pulling-us-stocks-higher\/","og_site_name":"The Morgan Report News","article_publisher":"https:\/\/www.facebook.com\/pages\/The-Morgan-Report\/317004435015437","article_published_time":"2014-09-09T03:53:51+00:00","article_modified_time":"2018-06-10T10:55:51+00:00","og_image":[{"url":"http:\/\/www.silver-investor.com\/blog\/wp-content\/uploads\/2014\/09\/tmtf1.jpg"}],"author":"David Morgan","twitter_card":"summary_large_image","twitter_creator":"@silverguru22","twitter_site":"@silverguru22","twitter_misc":{"Written by":"David Morgan","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.themorganreport.com\/blog\/chinese-stocks-pulling-us-stocks-higher\/","url":"https:\/\/www.themorganreport.com\/blog\/chinese-stocks-pulling-us-stocks-higher\/","name":"Chinese Stocks Pulling US Stocks Higher?","isPartOf":{"@id":"https:\/\/www.themorganreport.com\/blog\/#website"},"datePublished":"2014-09-09T03:53:51+00:00","dateModified":"2018-06-10T10:55:51+00:00","author":{"@id":"https:\/\/www.themorganreport.com\/blog\/#\/schema\/person\/2f153b749f1b9c4e76eacf9ee3cc046a"},"description":"Chinese Stocks Pulling US Stocks Higher?","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.themorganreport.com\/blog\/chinese-stocks-pulling-us-stocks-higher\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.themorganreport.com\/blog\/#website","url":"https:\/\/www.themorganreport.com\/blog\/","name":"The Morgan Report News","description":"Helping You Build And Preserve Wealth","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.themorganreport.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.themorganreport.com\/blog\/#\/schema\/person\/2f153b749f1b9c4e76eacf9ee3cc046a","name":"David Morgan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.themorganreport.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/5580128866d1436555aa5bfafd8133d2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5580128866d1436555aa5bfafd8133d2?s=96&d=mm&r=g","caption":"David Morgan"}}]}},"_links":{"self":[{"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/posts\/2664"}],"collection":[{"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/comments?post=2664"}],"version-history":[{"count":1,"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/posts\/2664\/revisions"}],"predecessor-version":[{"id":5362,"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/posts\/2664\/revisions\/5362"}],"wp:attachment":[{"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/media?parent=2664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/categories?post=2664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/tags?post=2664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}