anyone notice NIO usually move in the opposite direction of US index funds like QQQ, SPY?

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Author observes NIO moving inversely to US indices like QQQ, questioning if algorithms peg Chinese stocks against US ones.

NIO QQQ SPY电动车

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I've noticed this before many times and today the same pattern repeat. NIO shot up the exact moment QQQ dropped, and now QQQ is retracing up NIO is slowly pulling back.

Does the algorithm just peg China stocks against US stocks?

Discussion · top comments6 selected

u/Expert-Reality3876 1· 17d ago

Just keep accumulating the Chinese stocks revalue is coming and NIO is the cream of the crop.

u/kumeomap 1· 17d ago

hopefully, im still buying in small quantity to reduce my cost basis

u/Expert-Reality3876 0· 17d ago

I think before q2 earnings release will be the last chance to accumulate at these levels

u/kumeomap 2· 17d ago

meh been hearing that for years. im happy with my # of shares.

u/AI-is-4-StupidPeople 0· 17d ago

Not true! NIO moves on its own like many Chinese stocks . In fact whether is no news , it usually goes in sync with NASDAQ. But today significant event is happening . Expect big delivery numbers for May

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