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The People’s Bank of China (PBoC) has been rapidly accumulating gold, which suggests the country is laying the groundwork for significant changes in the dollar-centric international monetary system $FXI
China is a buy now as much as possible, as the daily is now at the second double bottom low...buy now or get left out your choice...If you are trading daily then you must look only at the weekly for the trend confirmation and it is currently valid bullish.
The chart is bullish for trading until the price closes below the dashed line and the color also changes red. Until then just great buying opportunities like now.
Reply if you need this setup for interpreting.
Longer term weekly traders may recognize a fractal situation where the same fortune holds for them as the daily traders.
SELL -XXX FXI 100 17 SEP 21 47 PUT @2.97 LMT
China's large cap ETF, aka a proxy for their stock index, looks like a buy currently on the weekly chart. Buy the low and then check back in a couple of months perhaps. Or investigate using your own research, finding Chinese stocks that fit the overall cohesiveness of their market currently, accepting more risk for reward. However that is not necessary and a misnomer technique really.
The misunderstanding is the assumption that reward and risk are equivalent and in competition. Money changes everything. Big money buying index ETFs is less risky than picking stocks. The index ETFs are diversifying to spread risk. This is similar to insurance. Insurance was borne in China. If you have a million dollars you will likely safely make more buying the Index ETF instead of spreading out to certain stocks, not only because of commissions but also event risk for the few companies, instead of an index that accepts all the stocks risks.
https://stockcharts.com/c-sc/sc?chart=fxi,uu[e,a]whclyiay[uu][pb5!b10!b50!b100!b200!d20,2!h.02,.20!f][vb5!b20][iut!lv8!lk9!LE12,26,9!ll14!la6,13,5!la8,17,9!la12,26,9!uc14!ub14!ub6!lo!lp7,3!lh9,3!LI14,3!lxa!ld8!lq!lg14!lf14][j20444984,y]&r=3555b
$FXI: China Drops 10% on MONDAY !!!!!!!!
You heard it here now............ Chinese Markets finally OPEN.
They are gonna get WALLOPED !
YOU KNOW IT !
GO Down $FXI........ DOWN !
$FXI: Called it........ actually went lower
Those PUTS are paying now !!!!!!!
GO $FXI
$FXI: I guess this 5% pullback isn't surprising.
Maybe going to $40 now with this CoronaVirus epidemic getting bigger.
Now at $42.15
UltraShort FTSE/Xinhua China 25
http://www.proshares.com/funds/fxp.html
China Mobile (CHL) accounts for over 10% of assets in FXI fund.
Today's news
Apple, China Mobile Discuss China IPhone
#msg-24502526
FXI buy option
macd bullish divergence
macd histogram crossup
moving average support
central pivot crossup
stochastics oversold with %k crossing up %d
stochastic bullish divergence
bull flag
gap up
all the above confluent at a long term uptrending support trendline
recent geopolitical news developments appear bullish for index
FXI at 40.67, buy 12/21/18 FXI 45 calls for 0.21, 50 days to expiry, 13 delta
normal chart
log chart
Market Morning: Gene Therapy Deregulation, Amazon to the Movies, SEC on Musk’s Tail – Futures Up on China-U.S. Trade Talks, China at New 52-Week Lows. Washington sent an invitation to Beijing for trade talks in late August, and the Chinese have responded in kind. They plan to send their vice minister of commerce to discuss the situation, and U.S. futures are up on the news. Not so much for China, whose Shanghai Composite Index (NYSEARCA:FXI) hit new 52-week lows overnight, but has bounced somewhat since. Could the U.S. be “winning” the trade war? Not that a few days of market activity are particularly indicative. S&P 500 futures (NYSERACA:SPY) are nevertheless up handily at 0.3% after falling over 20 points yesterday. Futures however can deceive, as they were up yesterday, too, only to fall precipitously at market open. Read more: https://marketexclusive.com/market-morning-gene-therapy-deregulation-amazon-to-the-movies-sec-on-musks-tail/2018/08/
Is The Chart Pattern In The iShares China Large-Cap ETF Signaling Lower Prices Ahead?
One of the most popular way for traders and investors to trade and track the Chinese stock market is to use the iShares China Large-Cap ETF (NYSEARCA:FXI). This ETF includes Chinese companies such as China Construction Bank Corp, Tencent Holdings LTD, China Mobile LTD, CNOOC LTD and many others. Currently, the daily and weekly patterns in the FXI have shown choppy sideways consolidation. This consolidation pattern that is forming comes after a sharp decline from a January 26, 2018 peak. This indicates that the next major move for the FXI will be lower. The next important support level will be around the $43.00 a level. This area is where the stock broke out in August 2017. Often, prior levels will be solid support when initially retested.
Nicholas Santiago
InTheMoneyStocks
Lol well 3 years later someone showed up
Trend is building. Look for a slow steady run past 42 and then some $$$. Big money will be buying the trend.
$FXI DD Notes ~ http://www.ddnotesmaker.com/FXI
bullish
quick trade
bullish price objective 63
$FXI recent news/filings
## source: finance.yahoo.com
Thu, 25 Dec 2014 13:01:51 GMT ~ Snapback or Touch and Go in China
read full: http://finance.yahoo.com/tumblr/blog-snapback-or-touch-and-go-in-china-130153595.html
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Wed, 24 Dec 2014 19:33:53 GMT ~ Why The Recent Slump In Oil Prices Should Matter To You
read full: http://finance.yahoo.com/news/why-recent-slump-oil-prices-193353069.html
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Tue, 23 Dec 2014 15:14:00 GMT ~ Why The Bull Market In China Will Continue
read full: http://finance.yahoo.com/tumblr/blog-why-the-bull-market-in-china-will-continue-151441077.html
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Mon, 22 Dec 2014 23:41:00 GMT ~ Alibaba Enters Russell Global Indexes; When Will It Enter MSCI?
read full: http://blogs.barrons.com/asiastocks/2014/12/22/alibaba-enters-russell-global-indexes-when-will-it-enter-msci/?mod=yahoobarrons&ru=yahoo
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Mon, 22 Dec 2014 14:14:00 GMT ~ International Equities Year in Review and Outlook for 2015
read full: http://finance.yahoo.com/tumblr/blog-international-equities-year-in-review-and-outlook-141428499.html
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$FXI charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$FXI company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/FXI/company-info
Ticker: $FXI
OTC Market Place: Not Available
CIK code: 0001332174
Company name: iShares Trust
Company website: http://www.ishares.com
Incorporated In: DE, USA
Business Description:
$FXI share structure
## source: otcmarkets.com
Market Value: Not Available
Shares Outstanding: Not Available
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$FXI extra dd links
Company name: iShares Trust
Company website: http://www.ishares.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/FXI/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/FXI/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=FXI+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=FXI+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=FXI+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/FXI/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/FXI/news - http://finance.yahoo.com/q/h?s=FXI+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/FXI/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/FXI/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/FXI/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/FXI/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/FXI/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/FXI/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/FXI/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/FXI/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=FXI+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/FXI
DTCC (dtcc.com): http://search2.dtcc.com/?q=iShares+Trust&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=iShares+Trust
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=iShares+Trust&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.ishares.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.ishares.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.ishares.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/FXI/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/FXI
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/FXI/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/FXI/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/FXI/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001332174&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/FXI/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/FXI/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/FXI/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/FXI/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=FXI&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=FXI
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/FXI/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=FXI+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=FXI+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=FXI
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=FXI
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=FXI+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/FXI/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=FXI+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/FXI.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=FXI
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/FXI/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/FXI/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/FXI/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/FXI/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/FXI
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/FXI
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/FXI:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=FXI
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=FXI
$FXI DD Notes ~ http://www.ddnotesmaker.com/FXI
A break of 41.58 is coming then a challenge to 42.... And beyond
First target hit next is 42
After 5 years of consolidation, FXI started to break away from trend in April and is ready to challenge 40 - 42 - 65. Now is the time to get in.
50 about to cross 200! up
Mike Paulenoff tells subscribers: The technical set-up in the FXI coupled with the very constructive intermediate term chart pattern in the Shanghai Composite argue strongly that the China equity index is on the verge of pivoting to the upside into another powerful upleg off of its July low.
Chartwork on both Shanghai Composite and FXI at http://www.mptrader.com/middayminute/12/2010/7/
I'm in and Adding. :)
Hey is anyone following FXI??
I think it is interesting, as is a play on China for all, longs and shorts.
I was suprised to see it move down today, reversing gains of last three days, it didn't quite make a close above $40, shame as this would have been great long entry point. Look for reverse head and shoulders.