Tech stocks reach records, and Oppenheimer chart analyst spies a catch-up trade farther afield...in China

  • 📰 CNBC
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Tech stocks reach records, and chart analyst spies a catch-up trade farther afield $XLK $CQQQ (via TradingNation)

, it's ticker CQQQ, really has shown resilience through [the trade war] headlines, holding up better on the downside, acting stronger on the upswings."

The CQQQ ETF has also begun to outperform the U.S. tech trade. Its 3%-plus gain this month is more than triple that of the"The August higher low was the start of it. I think that was an important turn. It's since been followed by a reversal of its downtrend and we can see the inflection in the 200-day moving average as well. So we're seeing signs that that trend is reversing higher," said Wald., the ETF's largest weighting, is mirroring Chinese tech's moves.

"When does an actual deal get done because obviously it seems to be weighing more on the valuation of China than the U.S., which gives the catch-up trade obviously to China. That's easily a better way to play it," Sanchez said during the same segment."Since this trade war began, you've actually seen an expansion of Chinese sales outside the U.S.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jobless claims, tech earnings, UK election: 3 things to watch for in the markets on ThursdayWe'll get weekly jobless claims, earnings from Oracle, Adobe and Broadcom and the U.K. will hold its general election on Thursday. greatweet 3 things to watch for in the markets on Thursday. The UK will hold is general election on Thursday. hold/held/held😀😀😀 Check it out! kindle KindleUnlimited ingles english
Source: CNBC - 🏆 12. / 72 Read more »