Although VIX finished the week above the low volatility environment zone (<15) at 16.48, not much is enticing here from a premium selling standpoint at first glance. Earnings announcements are now down to a trickle, with the next quarter's announcements coming into range in the May cycle, militating in favor of putting on earnings-related volatility contraction...
#China #Stocks Should Be Shorted: Specific Level to Watch $FXI #trading
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The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long.
For commodities and Forex, when your trading...
ASHR (China CSI 300 index) has been steadily rising since 2016 low. MACD is now positive, price is above 10 month MA. Need it to take out Nov. 2016 interim high to confirm the trend change. IF that ever happens, I would expect a price spike.
ASHR quietly surpassed April high ($24.86 vs. $25.03) and I think it is ready to challenge the 40 week MA and the red resistance line ($26 level).
The bullish case can be confirmed once it is able to close above the red resistance (if that happens, $37 is possible).
the chart seems to suggest China A share ETF is on the verge of major trend change (bias toward going higher). Given the mess in Europe and valuation in the US market, emerging market in general is appealing. Stay tuned.