Basically, FXI trade in a wide range in the last 10 years, as shown in the chart. Although valuation seems cheap after -20%+ slump in 2018, I suggestion investors take cautions when considering investing in this mainland ETF, as economic slowdown show no sign of abating. the fundamentals of China's growth has stretched far and exhausted because of high debt and ...
After hitting the low 50's twice and being met with high volume selling, the FXI looks to be heading down to the bottom of a mutli-year range at ~29. Where the FXI is headed after that is unknown. We could see a spring form at the bottom of the range then a move up, or a continuation of the down move to the lows of 2008. I think that a continuation of the move to ...
A bet that -- at some point going forward -- the U.S. and China will reach a meaningful trade agreement ... .
Max Profit on Setup: 2.00/contract
Max Loss/Buying Power Effect on Setup: 4.00/contract
Break Even: 40.00
Debit Paid to Spread Width Ratio: 4/6 (67%)
Notes: Roll short call out on significant loss of value (50% max, ...
FXI had a strong week bounced off weekly cloud. The bounce is much due to USDHKD weakness as PBOC stepped in to intervene the weakening HKD. However, that costs foreign reserve and its not sustainable. With my idea of short SPY the next week. The bounce should fade away.
Weekly we can see a wide green bar but with volume lower than last week. This is either ...
$FXI china large caps broke 200SMA months ago and dumped, whats worrying though is they haven't recovered yet, this market shows minimal respecc for MAs historically and has insane volatility so keep that in mind.