This post was just published on ZYX Global Multi Asset Allocation Alert.
The Arora Report subscribers have great unrealized profits in the Chinese internet stocks through the ETF KWEB. This ETF is in both the Low Risk and Lower Risk Portfolios.
KWEB includes top performing stocks such as BABA, BIDU, JD, SINA, NTES, WB, and MOMO.
The bad news today is that Chinese government is shutting down some videos on the Chinese video site WB. The State Administration of Press, Publication, Radio, Film and Television of the People’s Republic of China stating that the SAPPRFT has requested the local competent authorities to suspend several companies’ video and audio services due to their lacking of an internet audio/video program transmission license and posting of certain commentary with content in violation of government regulations.
Buy zone for KWEB remains $40 to $45.57. Suggested buy points are $40.52, $42.31, $43.02, and $45.11.
Allocation remains 2% to KWEB in both the Low Risk and the Lower Risk Portfolios.
What To Do Now
Those in the ETF may consider continuing to hold.
Those not in the ETF and following ‘The Best Way, ‘may consider patiently waiting for a dip into the buy zone.
For those following ‘The Good Way,’ and not in the ETF, the present ‘Buy Now’ rating is a ‘NO.’
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