https://www.zerohedge.com/news/2018-11-28/powell-put-sparks-buying-panic-dovish-dollar-dump What did China know? Stocks in Shanghai soared overnight (after US stocks faded) ahead of today's surge in US stocks post-Powell...
China feels that the man-love between Xi and Trump will happen. And stocks did not fade yesterday, they rose into the close.
Before Powell speech, Hangseng already went up significantly. While Powell was speaking, US and many asian index futures moved in tandem.
China went up after two positive days in the US, so they were quite delayed. Nothing faded much yesterday while it was obvious that the long selloff has ended, or put on hold. Some investment firms also mentioned yesterday that the selloff has ended (maybe they’re the ones who took a break from selling), and trader Visaria here on ET also mentioned last night that his models show uptrend. Some VIX traders also mentioned they don’t see serious hedging. So lots of people got the message
%% QQQ could easily close over 50 day moving average. You may know Chinese market better than me; isnt that the market where the gov outlawed short selling or selling sometimes?? I'm sure i have read stuff like that investors.com. [Investors Business Daily] And the US regulators finaly cow towed to the banks in 2008 + meddled on hindering shorts/uptick If QQQ closes over 50dma; i did see some, in the past ,real strong Chinese tek stocks ADR