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To Predict US Markets, Watch China.


YANG, US Markets Following China Exchanges

For the time being, US markets are moving off of China.

Released on Wednesday, March 13, 2019, 1:50 AM ET
by Email Russ UrbanContact SpeculatingStocks

Pittsburgh, PA (SpeculatingStocks) - The US markets have started picking a direction based on the movement in the Shanghai and Hang Seng exchanges in China. This is an interesting development as the world's markets have always followed the US exchanges. Likely that will still be the case, but for right now, China is the pied piper.

Global markets are taking their cue from China due to the fact that the trade war could tank their economy and thus other economies around the globe. This has an effect on the US markets as well.

The Shanghai exchange is down 0.58% currently and Hang Seng down 0.64%. This is having an effect on US markets with futures in the red currently. The US markets have moved higher each of the past two days after respective positive days by China's markets.

Look for the Direxion Daily China Bear 3X (NYSE:YANG) to move towards its 50-day moving average of $52+ as its 50-day trends down. If China does not negotiate a trade deal to US terms, the Chinese market could get hit extremely hard. China is no longer in the drivers seat when it comes to trade negotiations.

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⇒ About the Author of this News Article:

Russ Urban has been following the stock market for over 18 years and holds a Bachelor's Degree in Finance. From a young age, he watched CNBC with a keen eye and became obsessed with the market and technology. Russ Urban has written hundreds of stock articles and stock picks through the years since he founded, Inc. in 2006 and holds strong faith in the power of the markets and capitalism.

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