iShares China Large-Cap ETF

  • FXI

  • $30.53

  • +0.46%

  • $30.50

  • $30.59

  • $30.42

Ticker Appearances

Daily Technical Strategy
Tue, November 12, 2024 | 9:31PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Junk spreads have compressed to multi-year lows

EQUITY TRENDS REMAIN BULLISH FROM EARLY AUGUST BUT STRUCTURALLY HAVE REACHED LEVELS THAT REPRESENT A POOR RISK/REWARD OVER THE NEXT 5-6 WEEKS. THE POST-ELECTION SURGE FOR...

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Visitor: 88f86a-bc2148-6126f9-f188f7-b09cf2

Tue, November 12, 2024 | 10:58AM ET

⚡ FlashInsights

Tue, November 12, 2024 | 10:58AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
FXI 0.46%  (Ishares China Large-cap ETF) has violated support at 31.22, which likely leads to weakness down to at least 29.42, but more likely 28.28 or down to 26.83 into early December. This is a short-term bearish development, and warrants patience, as the decline likely will extend over the next few weeks. At present, i see this weakness as short-term only and investors could look at December as possibly providing support on this post-rally consolidation.
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Fri, November 8, 2024 | 12:13PM ET

⚡ FlashInsights

Fri, November 8, 2024 | 12:13PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
Today's downturn in Chinese Equities is not promising, and any decline under late October lows at 31.22 for FXI 0.46%  would effectively serve to turn trends bearish over the next month, inviting possible weakness down to 29.46, or even 28.34, or 26.91. I'll discuss this more tonight, but investors need to watch this carefully given the About-face as technically it won't take much for FXI to structurally show evidence that additional consolidation is possible
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Fri, October 18, 2024 | 11:36AM ET

⚡ FlashInsights

Fri, October 18, 2024 | 11:36AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
China's move to new multi-day highs today (FXI as a gauge for Chinese Equities) gives some comfort that lows might be in place after the sharp consolidation of the last two weeks. As shown below, the weekly FXI 0.46%  chart is set to close in the upper quartile of this weekly range given today's FXI strength. Thats a good sign with regards to time a potential bottom after a consolidation, and prices retraced just over 50% of the runup before bouncing sharply today. I feel that FXI is attractive at 32.26 and this would only change if this gets back under 30.65, which would lead FXI down to 29.50-29.65. For now, i am expecting a bounce in FXI next week as a result of this progress today
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