BABA - Attempt to Stretch Beyond Historical Extension Multiple
$Alibaba(BABA)$ $BABA-W(09988)$ - Attempt to Stretch Beyond Historical Extension Multiple
A sustained move higher would signal remarkable strength for Chinese equities (possibly a focus for 2025), including $iShares China Large-Cap ETF(FXI)$ $KraneShares CSI China Internet ETF(KWEB)$ $HSTECH(HSTECH)$ and Hangseng Futures, if the country’s largest market name continues to defy gravity.
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and theré's also hangseng at YTD high
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3 groups under $Financial Select Sector SPDR Fund(XLF)$ have good posture right now and may interest me for exposure on top of $Schwab U.S. Large-Cap Value ETF(SCHV)$ $SPDR S&P Insurance ETF(KIE)$ $SPDR S&P Bank ETF(KBE)$ $SPDR S&P Regional Banking ETF(KRE)$ via $Direxion Daily Regional Banks Bull 3x Shares(DPST)$
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