Jeff Clark: ‘It’s time to buy China’

From Jeff Clark, Editor, Stansberry Short Report:

It’s time to buy China.

At its low earlier this year, the Shanghai Stock Exchange Composite Index (the “SSEC”) was trading almost 50% below its June 2015 peak.

It suffered a 25% decline in January alone. That was enough of a move to push even the most optimistic China bulls into the bearish camp.

It’s hard to find anyone right now who has anything nice to say about Chinese stocks.

But I do…

China’s stock market is turning bullish. Take a look at this 16-month chart of the SSEC…

As you can see, the SSEC hit bottom when it closed at 2,655 on January 28. It bounced 10% from there and then came back down to re-test that bottom one month later, closing at 2,687 on February 29.

That “double-bottom” pattern occurred with positive divergence on the moving average convergence divergence (MACD)…

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