Slower Chinese Growth Pressures Shanghai Stocks

This week I take a look at China’s Shanghai index for my TraderPlanet piece. China equities have been in a down trend for a couple of months now as softening economic data has been hitting the newswires. In the article I look at possible support for the equity index as well as bearish momentum.

Here’s a blurb:

China has garnered a great deal of attention lately with more reports of China’s economy slowing. Most recently it was announced that China’s industrial sector grew just 5.3% year-over-year in March, which is much lower than the growth experienced in the first two months of 2013. If we turn our attention to China’s Shanghai stock exchange, we can see the impact of these slower growth reports are having on Chinese equities.

Go read the rest:  Slower Chinese Growth Pressures Shanghai Stocks (TraderPlanet)

Disclaimer: Do not construe anything written in this post or this blog in its entirety as a recommendation, research, or an offer to buy or sell any securities. Everything in this post is meant for educational and entertainment purposes only. I or my affiliates may hold positions in securities mentioned in the blog. Please see my Disclosure page for full disclaimer. Connect with Andrew on Google+, Twitter, and StockTwits.

About Andrew Thrasher, CMT

Andrew Thrasher, CMT is a Portfolio Manager for an asset management firm in Central Indiana. He specializes and writes about technical analysis as well as macro economic developments.