.png)
If stocks are a leading indicator, China may be going nowhere. But the technical features of the chart are more interesting (click on the chart to enlarge it).
1. Note how FXI is close to a resistance level (close to $38).
2. Trading volume is above average after a meaningful correction. It shows before a rally.
3. FXI is moving higher.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.
Disclaimer. No material here constitutes "investment advice" nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
1 comment:
hay doc,
-mzm is moving higher
-dollar appears to be topping
-crb is inching up
-10y-3m yield spreads are showing some life
-cei appears to be peaking up (will confirm in june report)
are we gearing up for another stock rally?
Post a Comment