China (FXI) - Analysis - Getting Stronger

235 3
The so called "expert" keep reaping the same message. "We see a hard landing in China" " we expect a soft landing for China " etc, etc . What landing are they talking about ? In past 6 weeks , FXI , has gained over 12 % than the S&P 500 . BUT we are now approaching multi year resistance. We shall see if this rally is for real. If broken , expect a big move in commodities .
Channel Broken, this is great new for the Chinese economy , expected to grow at 8.9 % next year, and perhaps the world
What is also strange to see is that AA has been correlating to FXI very closely over the past few years - and then AA reported a terrible quarterly earnings and now the spread between AA and FXI is at a very wide level now. Opportunity is at hand.
Algokid timwest
Hmmm,Indeed Tim . The correlation is still very strong at around 82 %. Looking at the delta for that pair( fxi-aa) , I see that it reached it's 2 standard deviation today , I usually wait till it goes to 2.5 stdev. But I will monitor this. thanks for the idea :)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out