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ISHARES CHINA LARGE-CAP ETFISHARES CHINA LARGE-CAP ETFISHARES CHINA LARGE-CAP ETF

ISHARES CHINA LARGE-CAP ETF

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FXI trade ideas

Buy when there is maximum fear or blood on the streetsBefore, investors were afraid to touch Russia market but then again, other than its ETF, many retail investors in Asia are quite unlikely to be acquainted with this ETF. Now , 2 years have passed and the war is still ongoing but few cares about the outcome and impact (if any) on the stock market. Now, all eyes are on China, a too big country to miss anyway! We see from the weekly chart that it has reached a triple bottom formation and rebounded nicely upwards. It is still very much undervalued imo and the risk/rewards is tremendous if all things are working nicely for China. It would not be a straight line up though we had seen very strong upward trajectory in the last 4 weeks in the HSI. 2nd half of this year, I expect more stimulus to come from the Chinese government to continue boost consumer confidence. The faster they put a floor on the property market bottom, solve the unemployment issues , the faster the consumers will return to the stock market. Retail investors are hoarding up cash in the trillions instead of spending after the recent Covid Saga plus the implosion of the property market (many many got burnt) It will take some time so be patient ....There will be resistance along the ways but knowing the resilience of the Chinese government, I believe the bull market has return and moving forward, it will be better for everyone. I am vested in this index so please DYODD
AMEX:FXILong
by dchua1969
There is hope for China equitiesOne of the most hated market currently and some called it uninvestable, the China market has plunged more than 60% from its peak. We are now at an inflection point again, reaching the upper side of the decreasing channel. I believe the property market will take some years to recover , with excess supplies to clear and consumers continuing to adopt a wait and see approach in buying as prices continue to fall...... Probably, 2nd to 3rd Quarter of this year , will we be able to see some recovery. Currently , it is still weak although the government has injected billions of dollars to shore up the stock market, clamping down on short sellers, etc. Prices can continue to tumble even if it breaks out of the channel as the stimulus is not strong to begin with and consumer confidence has not returned to the market. Job market remains soft in China and people are tightening their wallet to spend unnecessarily. With no additional stimulus from the government, people are using their own savings to continue travel and do their shopping but at a more cautious approach. So long as the US interest rates remain high at 5 over % , the international players would continue to support the US market which makes business sense. Time is of essence as people who invest in S&P 500 index can easily gain 8-10% profits a year so there is no reason to park funds into China equities even it is undervalued and the downside is very little. Nobody can tell for sure how long this will last as it can go sideways for a long time. Those who knows how to stock pick individual China shares may benefit from certain themes which I have covered some months ago like Travel sectors.
AMEX:FXILong
by dchua1969
1
Bullish movement on $FXI after multi-year lowsHere we can see AMEX:FXI potentially breaking out of a multi-year downtrend after a 2021 top. The stock formed an inverse head and shoulders pattern while touching support and bottoming at about $20.84. A large cap ETF such as this could be a very low risk trade heading towards the latter half of the year. Personally, I will be waiting to buy after it starts trading above the 50SMA. You can see it is currently above the 20, and now it is working its way to be above the 50 with significant volume this week.
AMEX:FXILong
by kevdnyc
Potential China Inflection: FXI ETF: Conclusion: FXI has reached a potential inflection point. The outcome of the current technical setup is likely to define the direction over coming months, and will likely result in significant low risk trading opportunities. FXI, is the China Large Cap ETF that holds the 50 largest large cap Chinese stocks trading on the Hong Kong exchange. FXI is currently in the process of making a secondary test of its 2022 low. Either a successful test leads to a show of strength, or a failed test creates a show of weakness. Either outcome has the potential to produce a meaningful directional move offering multiple trading opportunities. This is precisely the kind of setup or juncture around which I like to build agnostic trading plans. I will have a trading and risk management plan in place to take advantage of either outcome. In 2021, the market began a vicious decline (-60%). The decline from the February 2021 high occurred on rising volume and wide price spread (suggesting strong handed selling). The move was clearly impulsive. A temporary selling climax developed (arrow). The minor climax produced a small automatic rally that quickly ran into resistance. The market then devolved into a 4 month show of weakness. This zone now represents significant resistance. The show of weakness occurred on wide price spread and relatively high volume, before potentially developing a complex selling climax (SC) at 20.87. Note that, while in this perspective the SC appears complex, it appears more traditional in the daily perspective. The automatic rally (AR) lasted 4 months and found resistance in the same zone that turned the market lower in March of 2022. After testing the resistance, the market began setting back toward the selling climax low (20.87). Note that during the most recent decline, the angle of decline has been shallower. The shallower angle and moderate volume suggests far less supply entering than on the prior decline. The solid expansion of volume around the recent low (ST?) suggests strong handed buying and that the secondary test may be complete pending a show of strength. As the market has advanced from the ST 20.87 low, volume and price spread have been declining. While supply seems limited, demand is still lacking. Odds of a setback to test 20.87 again are fairly good. I think it’s premature to conclude that the secondary test is complete. But if the market begins working its way above the downtrend that is defining the potential test (A-B), particularly if volume and price spread expand, it would likely signal a completed test. This would allow me to begin utilizing bullish setups with a high degree of confidence. Conversely a developing trend below the support would allow me to begin utilizing bearish setups. Either way, the potential for a significant move is high. I prefer secondary tests that are well separated in terms of time and that come close to fully retracing the climax structure. This structure certainly qualifies in both respects. I would prefer to see a deeper cut toward the 19.81 low, but 20.86 is close enough. And finally, many of the topics and techniques discussed in this post are part of the CMT Associations Chartered Market Technician’s curriculum. Good Trading: Stewart Taylor, CMT Chartered Market Technician Shared content and posted charts are intended to be used for informational and educational purposes only. The CMT Association does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. The CMT Association does not accept liability for any financial loss or damage our audience may incur.
AMEX:FXI
by CMT_Association
2
China Recovery LongWith China in the early recovery stage of the business cycle it may be time to consider a trade to the long side. The FXI is currently trading at the POC line on the 1 year fixed vol profile. We see a series of higher lows after bottoming on January 22, which is also a prior low back in October 2022. The OBV confirms the uptrend and the DI+ recently cossed D- from bellow. I anticipate the ADX rising in the near term to confirm the trend strength. The circle highlights a confluence of points where price is trading at the POC, testing the .5 fibonacci level and breaking out of the wedge. Looking for a close over 24.14 with increased volume. Targeting 27.42 & 35.17 Stop: 23.50
AMEX:FXILong
by Master_of_Fine_Charts
BTO* FXI April 17th 20.5 Monied Covered Call... for a 19.90 debit. Comments: Looking to establish a position in FXI over time on weakness via monied covered calls to emulate selling a 25 delta short put, but with built-in downside defense via the short call and to take advantage of call side IV skew. The underlying also has a dividend that pays out in June and December, but with somewhat variable amounts and with the Dec distribution being far larger than the June one (e.g., 2022: June .145929; Dec .593146; 2023: June .154374; June .149 (special); Dec .6074). Consequently, I 'd be more interested in grabbing the Dec than the June, so may modify my strategy slightly to allow for the grabbing of those by selling an OTM covered call in those expiries instead of ITM so that my shares don't get called away before the divvies drop into my account. I have an order in to open for 19.90, but may penny up to get a fill just to get a starter position on. Metrics: Buying Power Effect/Cost Basis in Shares: 19.90 Break Even: 19.90 Max Profit: .60 ($60) ROC %-age: 3.02% at max, 16.2% annualized; 1.51% at 50% max, 8.10% annualized. * -- Buy to Open
AMEX:FXILong
by NaughtyPines
EM Equities Bottom Call Valuations are attractive on an absolute and relative basis. Cross-asset breadth for EM assets (stocks/bonds/FX) making a sharp move higher from washed-out levels. EM central banks are collectively pivoting from rate hikes to cuts, which supports EM assets. China is moving towards a larger stimulus as the property downturn deepens and the economy slows further. Technically, the chart shows a bullish RSI divergence and a double bottom 'h' pattern occurring near the apex of a massive 10-year symmetrical triangle. Extreme and lingering pessimism marks a reset in sentiment and a contrarian signal. Market consensus: The Fed is done with rate hikes and the USD has peaked. Note: Despite cheap valuations, clear downside risks are intensifying as stimulus-hesitance and bad karma continue. In summary, given the macro catalysts, valuation story, sentiment reset, and promising technicals, an inflection point is appearing. While I refuse to invest in China for personal reasons, it would be wrong to ignore the upside and indeed what is different this time.
AMEX:FXILong
by RHTrading
2
Is China back on recovery ?www.scmp.com www.reuters.com www.scmp.com With a crippling property market (www.businesstimes.com.sg), lower than expected domestic spending, stock market make a U turn barely after a small recovery, fund managers flocking to Beijing to meet top officials to get answers, ongoing US-China trade sanctions, never ending finger pointing at China on Russia , Taiwan, Europe matters, is China economy really back on recovery ? Well, nobody really knows since the official data released by the Government is also interpreted differently. However, the weekly chart offers some intelligent clues. We are still on a downtrend from the weekly chart and now lies a potential reverse Head and Shoulder pattern. With the latest announcement by the government to the world, I expect the price action to break out this/next two weeks and continue rally. Note that the recovery is not going to be a 90 degrees sharp rise but sporadic and unevenly distributed amongst different sectors with AI being the top priority for the country moving forward. Those who wish to buy/accumulate into this ETF can prepare yourself and buy in tranches - 10% now, 20% upon breakout and so on and so forth. Please DYODD.
AMEX:FXILong
by dchua1969
6