iShares China Large-Cap ETF

  • FXI

  • $29.45

  • +2.29%

  • $29.49

  • $29.57

  • $29.35

Ticker Appearances

Mon, December 9, 2024 | 11:01AM ET

⚡ FlashInsights

Mon, December 9, 2024 | 11:01AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
FXI 2.29%  gapped up above its 2-year consolidation phase and has reached the 50% retracement level of its consolidation from October just in today's trading. 33.50 is important, but this move should lead to a move to 34.44 and then eventually to a retest and possible break of early Oct highs near 37.50. While overbought on hourly charts based on today's gap higher, this is a constructive development and the Decline in USD in the next couple months should aid China along with many other Emerging markets
Tickers
Mon, December 9, 2024 | 11:00AM ET

⚡ FlashInsights

Mon, December 9, 2024 | 11:00AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
Today's Monetary policy shift by China's Politburo, saying they will embrace a "Moderately loose" strategy, is the first real shift on monetary policy in 14 years. They also indicated a more proactive fiscal policy, so the combination has caused a big jump in FXI 2.29% , KWEB 2.73%  as this indicates much greater easing ahead.
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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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