BABA: Time for International Markets

With the announcements of upcoming federal funds rate cuts the dollar should start to weaken over time. Over the last 5 years there has been a negative correlation between the DXY and MFS1! which tracks the global equity market.

While China is not a significant holding of this particular index, it should benefit from a lower dollar as well.

Additionally BABA we can see that BABA is on the verge of breaking out of its 2 year downtrend.

Upside Target $160
Entry: $85.50
Stop Loss: (10%)