Meanwhile, as the SPY begins to enter a consolidation phase, chinese equities are begining to look interesting. Especially after the positive fundamentals coming out of there after the chinese stimulus started to kick into gear.
Technically, the weekly trendline was broken and was perfectly tested. A move above 2,500 could signal the begining of a bull market in chinese equities. I will be following this very closely from here on.
The FXI (Chinese ETF) has also outperformed all other major global markets last week which is another sign that things aren't as bad as some people think. As always, wait for confirmation, I wont get bullish until 2500 is breached.
Technically, the weekly trendline was broken and was perfectly tested. A move above 2,500 could signal the begining of a bull market in chinese equities. I will be following this very closely from here on.
The FXI (Chinese ETF) has also outperformed all other major global markets last week which is another sign that things aren't as bad as some people think. As always, wait for confirmation, I wont get bullish until 2500 is breached.
No comments:
Post a Comment