China showing absolute & relative strength The iShares MSCI China ETF has not only broken out of its downtrend in absolute terms, it is also showing relative strength vs. the All Country World Index.
MCHI trade ideas
China versus Emerging MarketsLooks like China versus the emerging markets is making another come back! First it was 2013, then again it was about 2016 then is based out and rallied in 2017. Now, here we are again at the same old trendline at the end of 2018 and beginning of 2019. The Shanghai Index is also at an all time, weekly/monthly support level.
Could something about China be changing for the better? I would like to think so.
China.... Still strugglingTechnical indicators all pointing downwards. Ripe for a short or for the putting.
Happy trading!
MCHI Index Overall Downtrend PossibilitiesSame chart could be drawn for almost every sector right now. A few possibilities - a quick crash, a quick reversal, slow descent, small bounce then descent. No buy back signal on the weekly yet.
China Blue Chips: BTFDMCHI tracks the big China blue chips
China and Japan possibly oversold from the last week of selloffs.
N225 and HSI
Now that the DJI, IXIC and SPX have found a bottom (hopefully) expect Asia to bounce.
Got in at 70, looking to sell over the week at 76-78
Decent Price Channel / 2:1 Risk Reward potential with tight stopDecent looking Price Channel / 2:1 Risk Reward potential with tight stop loss
