sp'daily5
Summary
*watching BABA's Jack Ma on clown finance TV earlier, interesting, and seemingly a very genuine guy.
However, I consider highly problematic that BABA stock is not really a true stock.. merely part of a fund based in the Caymans. Just reflect that they sell stock... but the stock has zero voting rights. How funny is that? Crony capitalism at its best, right?
-
As for the main market... note the daily MACD (blue bar histogram) cycle.. we have a rare case where price momentum has weakened for the sixth consecutive day, but actual prices are still climbing.
It bodes badly for equity bears for remainder of the year.
--
time for a slightly early lunch