No "Fiscal Whiff" in this China ETF

By Chris Kimble of Kimble Charting Solutions
December 10, 2012

 Print Page    Email Article    

Bookmark and Share

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.


While the media seems focused on the Fiscal Cliff, are investors getting distracted from a "Fiscally Strong performance" taking place in an ETF from China?

China ETF (FXI) hit the bottom of the flag pattern above and has rallied off of support for the past few months. No "Fiscal Whiff" has taken place of late in FXI as it has reflected a ton of relative strength in the past 90 days, outperforming SPY by more than 15%.

Five days ago the Power of the Pattern reflected an upside breakout could be good for FXI, GXC and investors (see post here).

 

 

Even though the Fiscal Cliff may be of concern, couldn't the China ETF moving higher be sending a positive message about China's economy and maybe global growth prospects?

 

(c) Kimble Charting Solutions
blog.kimblechartingsolutions.com

 

 

 

 

Print Page    Email Article
 
Remember, if you have a question or comment, send it to .
Website by the Boston Web Company