iShares China Large-Cap ETF

  • FXI

  • $33

  • -9.27%

  • $33

  • $34

  • $32

Ticker Appearances

Tue, October 8, 2024 | 11:37AM ET

⚡ FlashInsights

Tue, October 8, 2024 | 11:37AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
I discussed in last nights report why FXI, TNX, Crude and Utilities might be close to peaking and showing consolidation. See 10/7/24 report, entitled "Crude, FXI, Utilities & Treasury yields all getting close to resistance" FXI -9.27%  as shown below, made a direct hit with the 50% retracement level and down sharply today. See the report from last night for additional reasons
Tickers

Daily Technical Strategy
Mon, October 7, 2024 | 7:22PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Crude, FXI, Utilities & Treasury yields all getting close to resistance

SHORT-TERM US EQUITY TRENDS LOOK TO HAVE TURNED BACK HIGHER LAST FRIDAY FOLLOWING A CHOPPY PERIOD OF CONSOLIDATION IN RECENT WEEKS.   DESPITE A PLETHORA OF...

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Daily Technical Strategy
Wed, October 2, 2024 | 6:33PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Crude bounce likely to prove short-lived into next week

SHORT-TERM US EQUITY TRENDS HAVE STILL GRINDED LARGELY SIDEWAYS IN RECENT WEEKS FOLLOWING THE BULLISH BREAKOUT BACK TO NEW ALL-TIME HIGHS FOR SPX AND DJIA.  ...

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Wed, October 2, 2024 | 10:24AM ET

⚡ FlashInsights

Wed, October 2, 2024 | 10:24AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
With 2 days left in the week, FXI -9.27%  has advanced almost 40% in the last three weeks since bottoming 9/10 at 25.46. In technical analysis, they call this phenomenon a "runaway gap" as daily charts show three different gaps on heavy volume as China's stimulus got underway. While momentum is certainly overbought on a short term basis, monthly RSI is at at 63, so we're NOT as overbought as 2021, NOT as overbought as Jan 2018, NOT as overbought as April 2015 and certainly NOT as overbought as October 2007. My Target for FXI is 37.89, or a 50% retracement of the entire decline from 2021 into Oct 2022, which also lines up with a meaningful support trendline drawn from October 2008 lows. (Former support should now become resistance) It's right to stick with this for now, but on further gains over the next 3-5 days, this will certainly start to appear like a poor short-term risk/reward. As of today, 10/2, i don't have sufficient evidence to suggest this should peak out just yet.
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First Word
Mon, September 30, 2024 | 7:50AM ET
Tomlee
Tom Lee, CFA AC

Head of Research

Important macro week ahead and ultimately supportive of dovish Fed. We continue to see higher upside for small-caps into YE.

VIDEO: A very heavy macro week ahead including ISM, JOLTS, VP debates, Fed speeches, and jobs report.  All of this we expect to be dovish...

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