Tuesday, June 25, 2013

Shanghai Collapse

The Chinese stock market has absolutely collapsed during June and especially the previous couple of days. The composite has dropped from 2,300 to 1,963 in less than a month. Not very often does a major index trade with an RSI of 15.





This drop has hurt most commodity and emerging growth stocks during this month. Some interesting buying points might have been reached for coal and copper stocks. Those stocks are at least worth a look.



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