February 6, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Sentiment Lifting

Please click here for a chart of Hong Kong ETF (FXI).

Note the following:

• Sentiment is lifting in stock markets all across the globe as Chinese stocks fly.
• The chart shows that Hong Kong stocks have broken above the trendline.  This is technically a positive.
• The chart shows that Hong Kong stocks appear to be making a higher low.  This is technically a positive.
• Stocks in Hong Kong closed up 4% and up 3.2% in Mainland China.  Small caps are leading in a sign of optimism.