From Benzinga: 2024-05-17 10:37:28

A 20-year pro trader shares his secret to success – the “MoneyLine”. By using this simple line on a chart, Nic Chahine has won 83% of his options buys. Find out how to ditch your indicators and start using the MoneyLine for profitable trades. Xi Jinping’s government implements aggressive measures to rescue China’s struggling property market. The support package includes easing mortgage regulations and urging local governments to purchase unsold homes, reflecting heightened concern over the sector’s impact on economic growth. China’s industrial production surpasses market forecasts in April 2024, with the Shanghai Composite Index rising by 1% and struggling real estate developers seeing significant gains. Stocks and commodities tied to China rally following the government’s supportive measures, with Alibaba and PDD holdings rising in the U.S. market. Copper surges by nearly 3% to reach all-time highs, reflecting investor optimism in the Chinese economy.



Read more at Benzinga: China Goes All In As Beijing Vows To Buy Unsold Properties: Chinese Stocks Rally, Copper Hits All-Time Highs – Alibaba Gr Holding (NYSE:BABA), KraneShares Trust KraneShares CSI China Internet ETF (ARCA:KWEB)