Chinese property counters are making a recovery!

Surprise, surprise, just as many people are downplaying the Chinese property counters, they are instead making a huge comeback!

Sino-Ocean, Guangzhou R & F, Beijing Land and Shimao, amongst others, are making huge gains the past few days in what could be the resurgence for Chinese property counters.

Therfore, shorting Yanlord is a bad choice, and I will be covering immediately. It is also time to long the property counters that are exposed to China.

Beijing Land: reversing strongly from 61% retracement, downtrend reversing, up 15% past 2 weeks

Guangzhou: reversing strongly from 50% retracement, downtrend reversing, up 15% in the past 2 weeks

Sino-Ocean: reversing strongly from 61% retracement, downtrend reversing, up 12% past 2 weeks.

Shimao: reversing strongly from 61% retracement, downtrend reversing, up 21% past 2 weeks.

Yanlord: reversing strongly from 50% retracement, downtrend reversing, up 24% past 2 weeks
Pan Hong: reversing strongly from 61% retracement, downtrend reversing, up 31% past 2 weeks.

So, it is the Singapore counters which registered the most gains, although the HK counters lead first. Therefore, I will be comfortable with longing Singapore counters. But I prefer Yanlord, because at least, it is in the mid-cap index.



My plan:

Liquidate my Yanlord short position immediately.

Long 1,000 Yanlord at 1.93

SL: 1.53

TP1: 2.33

TP2:3.23


In March 2009, the Chinese property counters led the global stock market reovery. Will March 2010 be a repeat, whereby Chinese property counters lead the stock market recovery from its current lethargy?