timwest

Alcoa vs China (FXI)

BATS:AA   ALCOA CORP
663 9 2
This picture is worth a thousand words. It basically shows me that Alcoa's chart has been the rough equivalent to China's stock market , but with the added price volatility it is a leveraged play on FXI             .

This is simply "interesting" and thought you all would enjoy seeing this chart.

By: Technical Tim, Monday, April 2, 2012 4:22PM EST
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mrd2015
4 years ago
Very cool chart Tim. I guess it's not surprising when you consider our current market environment seems in the every present "binary" state of either being risk-on or risk-off. Alcoa (commodities) risk-on with China (emerging markets) risk-on. A great way to visualize market sentiment.
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timwest PRO mrd2015
4 years ago
Thanks mrd2015. I love to look for correlations, leads and lags, group rotation, sentiment and so much more. Thanks for your comments.
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timwest PRO
4 years ago
These two continue to move along the same. This simply means to me that the world sees China as the only driving force for commodity demand. It also means that the Chinese market is overly driven by pure commodity plays.
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olegm
4 years ago
Yea its interesting how it follows it, is it breaking out yet?
snapshot
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gogg
4 years ago
Very interesting to see how it is going.
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timwest PRO
4 years ago
Almost exactly on top of each other for six months.
Alcoa vs China (FXI)
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timwest PRO timwest
4 years ago
 
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timwest PRO timwest
4 years ago
If you overlay Feb 2012 until Oct 2, 2012 you will see how closely these are paired.
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