Methodology: each issue's direction is a live signal — long/short opens or holds a position, neutral means flat, and every direction change opens, flips, or closes it. Returns are direction-aware (a short gains when the price falls) and compound across positions from first observation to the latest issue. "Price move" is the stock's own raw change, shown separately. Neither represents actual portfolio performance.
Brief History (3 issues)
Down 2.51% to 26.85 on 2.14x volume, breaking the 20-day at 27.69 — Tencent's print reopened the China-tech wound: a 52.8B yuan capex bet on AI, cash-flow strain, and a street price-target cut, and the whole basket bled with its top holding. The 7-day RSI at 32.4 flags short-term oversold, but the 50-day at 26.54 leaves just 1% of cushion, with air below if it breaks. Alibaba's 8/20 report is the next card — until it's turned, this is a knife edge, not a floor.
The China internet ETF fell 1.96% to 27.54, slipping below the 20-day SMA (27.72) while holding above the 50-day (26.57), with RSI neutral at 50.2 and the week down 4.71%. Its money-flow heat is no mystery: 10-day relative volume runs 2.17x as China tech endures a roughly $600B market-cap rout — Alibaba and Tencent leading the decline on AI capex-race fears, surging memory-chip costs, and new AI regulations. Downside momentum hasn't exhausted; the sidelines look prudent near term.
Up 3.1% to $27.00 as China internet ADRs chase the HK AI re-rating, with the Alibaba weighting as the engine