also all eyes on China and the Trump-Xi summit. What are you watching?

I'm watching Chinese tech right here and that has been underwater basically since it's uh 2021 peak and it's gotten pretty nasty. If we go to the charts here, uh I'm going to show you CQQQ. This is the Invesco China Technology ETF. It's been cut in half. where it's trading now is 50% off of that record high that we saw in 2021. But I want to show you something interesting here because it is right at this negative trend line. If it's able to break out and especially if it's able to clear $60, that's this line right here that coincides with the 2025 high. If it can clear that, I would expect some decent momentum, a lot of short cover covering, some nice short squeeze action in there. And uh we'll see. I I'm not expecting it to get to new new highs overnight, but um China Tech has been kind of left for dead and this would be a good moment for it to kind of uh uh reawaken. Now, the downside is is especially with this catalyst coming up, anything can happen here. You could see the trade reverse back to the downside. So that is a possibility. But let me just show you some of the components inside here. and uh you can see there's a lot of red on this page. This is what's happened uh basically today. And we're going to go since those lows that we saw on March 30th, those were the general market lows inside of the US. You can see some of these names are red, some are green here. It's not an altogether terrible picture, but we haven't seen the kind of liftoff that we've seen before. And it's specifically in CQQ, I just want to point out this is tech sector. Alibaba's not in there, uh some other big ones are not in there. You might find those big ones like Baba in K Web. That's a different type of ETF that just covers internet stocks, but CQ uh CQQQ is purely tech. Nevertheless, I'm looking for a potential breakout. I'll show you that big chart once more time, one more time and that negative trend line. If we can get past that, past $60, well, we got a decent trade, right?

You're talking about CQQQ, which is a very tech- angled ETF.

Yes.

You look at the recent policy out of Beijing, recent five-year plan. Their entire argument here is let's re-angle this economy and build it around the tech sector. Build it around tech dominance, tech strength, domestic strength, self-sufficiency. So Beijing is going to be looking for a lot of performance out of those stocks as a really good bellweather that that technological development they're looking for, exactly, is coming along.

Maybe the next big export lead.