The Quick Takes Pro blog by Michael Kahn, CMT about anything that might affect your portfolio.
Thursday, April 15, 2010
Chinese Fire Drill
Chart of Shanghai Composite. Nice triangle. Can go either way.
Guess which way the FXI China/Xinhua ETF (FXI) is trading in the premarket today after a hot Chinese headline like this: China's quarterly GDP expands more-than-expected 11.9%? Hint - down.
Guess which way the FXI China/Xinhua ETF (FXI) is trading in the premarket today after a hot Chinese headline like this: China's quarterly GDP expands more-than-expected 11.9%? Hint - down.
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