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iShares China Large-Cap ETF

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FXI trade ideas

AD w/ Ascending Triangle needs to close above 28.27Key things I see 1) The AD in an ascending triangle, I see this on multiple time frames 2) Bullish ABCDE set up 3) The Results of the ABCDE set up appears to be a Bullish Cypher 4) also have a potential desc. triangle breakout 5) Uptrend going back to April 24th 2023 6) Stop Loss at the beginning of the uptrend 7) FXI needs to close above the Gap down 8) BABA stock chart already looks bullish, more bullish if fxi resumes the upward trend No position currently, looking to add above the Gap Down. If it does I'll enter w/ a stop loss at the beginning of the upward trend
AMEX:FXILong
by moneyflow_trader
1
Megaphone Bottom | 9% move possibleiShares China Large-Cap ETF forms bullish "Megaphone Bottom" chart pattern "Megaphone Bottom" chart pattern formed on iShares China Large-Cap ETF (FXI:NYSE). This bullish signal indicates that the stock price may rise from the close of $29.91 to the range of $32.10 - $32.60. The pattern formed over 26 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: The recent broadening action tells us that trading has been out of control, but a breakout on the upside suggests we're starting a more decisive uptrend. With its broadening price swings, the Megaphone represents a market that's unstable and out of control. It typically consists of two successively higher highs between three lower lows, and the reversal signal occurs when the price breaks up above the second peak (the highest high) as a sign of a more decisive bullish move.
AMEX:FXILong
by moneytalkstome
Cup and HandlePrice is just above the long entry level. Possible stop where you see support. No recommendation. iShares Trust - iShares China Large-Cap ETF is an exchange traded fund launched by BlackRock, Inc. It is managed by BlackRock Fund Advisors. The fund invests in public equity markets of China. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of large-cap companies. It seeks to track the performance of the FTSE China 50 Index, by using representative sampling technique. iShares Trust - iShares China Large-Cap ETF was formed on October 5, 2004 and is domiciled in the United States. The investment seeks to track the investment results of the FTSE China 50 Index composed of large-capitalization Chinese equities that trade on the Hong Kong Stock Exchange. The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The index designed to measure the performance of the largest companies in the Chinese equity market that trade on the Stock Exchange of Hong Kong and are available to international investors. The fund is non-diversified. Benchmark: FTSE China 50 NR USD
AMEX:FXILong
by lauralea
FXI: China Large Cap ETF Critical JunctureEven in retirement I scour hundreds of weekly and monthly charts. When I come across promising setups, I drill down to see if there are chart elements, price volume relationships, or other factors that might either preclude a trade or tip the odds heavily in favor of a particular outcome. Most of that process is covered in the "Potential TLT inflection and Notes on Process" post linked below. FXI, is the China Large Cap ETF that holds the top 50 large cap stocks trading on the Hong Kong exchange. It is currently testing long term support. The outcome of the test is likely to set the stage directionally for the remainder of the year. While I came away from my analysis with a bearish view, this is also precisely the kind of setup around which I build mostly agnostic trading plans. Fundamentally, there isn't much currently going on in China that leads me to optimism. China is a command economy run by a communist regime that is in the process of retreating from capitalism. Importantly, they seem to be increasingly resistant to stimulus. In the near term, the Zero Covid policy is still in effect and the property and construction sectors are in crisis. To that list you can add a rapidly aging population, a world increasingly resistant to buying from their goods, a rethinking of global supply lines and significant raw material and climate challenges. Granted, there are positives. They are becoming a chip superpower, and over the last two years have made some very significant technological advances. But, my in my view, the negatives outweigh the positives by quite a lot. In early March, as price was punching through the range support, Vice Premier Liu He promised to keep equity markets stable, and that the crackdown on the tech sector would end soon. The promise created one of the strongest two-day rallies in years. Clearly, if China chooses to massively stimulate and overtly support their equity market (perhaps through direct purchase of equity) it would be a game changer. But, despite Liu He, I think pessimism is warranted. That said, as students of the market, we understand that narratives drive markets, until they don't, and then new narratives, evolve to explain the new price action. Those of you familiar with my work know that I maintain a macro view on most markets. That view, informs my aggressiveness and risk tolerance, but, if a techncial setup provides a clear risk reward advantage, it does not deter me from making trades that don’t conform to the view. FXI is setting up exactly that situation. Either it survives the test of the range lows, and sets up for potentially a 20-25% move higher, or fails and sets up what could be an even larger move lower. Either way, I will have a trading and risk management plan in place, no matter the directional outcome. FXI Weekly: Since the March climax and automatic rally (AR) the market has traded laterally for 24 weeks and defined a trading range. Whether the range is one of re-distribution or of accumulation is an important, but difficult, question. In this perspective the selling climax structure holds up, with a clear/classic high volume reversal bar. But, the follow through (AR) over the next two weeks was meager and volume still quite high. The combination of high volume and narrow price spread suggest that the market was already running into significant supply. The Wyckoff selling climax sequence includes what he called the "automatic rally" (AR). The AR occurs as immediate sellers are cleared out by the selling climax. Some strong handed, proactive traders take new longs creating some nascent demand. I prefer to see the AR cover a significant distance. In my estimation, a weak AR represents a sign of weakness. To become constructive, the market must, at a minimum, break above the A-B downtrend. That downtrend represents the stride of supply. It must also move convincingly above the lateral resistance along the 34.83 zone. It is notable that FXI, has yet to complete a solid test of the low. I prefer tests well separated in terms of time that come close to fully retracing the climax structure. Failing this, a sign of strength above the high of the automatic rally (34.83) would suffice to suggest that a good bottom was in. If that level is exceeded, entering bull flags and other corrective style drift patterns would become part of my approach. I have included a long-term volume profile on the chart. If the market does begin to work its way above the lateral resistance, the huge volume bulge in the 42.00 zone should act as strong resistance. 42.00 is also in the vicinity of the .50 - .618 retracement zones. FXI Daily: In this perspective the selling climax appears very different. After gapping through the support, volume increased significantly and price spread narrowed somewhat (suggesting at least some developing demand). The Liu He statements gapped the market 10% higher and left behind an island reversal gap. In this perspective it becomes clear that the exhaustive volume wasn't generated in a typical selling climax fashion, but rather after the gap and near the highs. In my view much of the volume was generated by strong handed sellers selling into the strength AFTER the market gapped higher. This is clearly an atypical selling climax and tempers any enthusiasm generated by the violent rebound evident on the weekly and monthly chart. It is also notable that the lateral trade since the March low have relieved the oversold conditions that had accrued at the March low. Relative Strength Ratio Chart: This is a weekly relative strength chart, comparing FIX (the numerator) to world markets URTH, (the denominator). It is somewhat skewed because URTH is not ex-China. In other words, China is included in both numerator and denominator, skewing the ratio. However, over the last decade, China has consistently underperformed. To become optimistic for anything beyond a trading turn would require the Chinese market begin to markedly strengthen relative to the rest of the world. I often take a quick look at the larger components of any ETF I am thinking about trading. As I look through the top eight large cap names in the ETF I see few signs of a solid bottom or charts that appear ready to rally. One last thought, in the process piece linked below my final step is the sanity check. Am I falling prey to behavioral bias? Am I being dispassionate? Is my belief system compromising my impartiality? I have to conclude that in the case of China, that it may well be so. I don't like the Chinese government and am loath to invest there for anything other beyond a trading turn. Historically, command economies that are becoming less free tend to make for lousy investments. They are also subject to step function changes due to changes in policy, wrecking risk management overlays. Clearly my strongly held view may compromise my read of the FXI chart. Because of this I will need pay greater than normal attention to how I build my trading plan. Conclusion: I believe that the weight of the evidence suggests the presence of superior supply and supports the likelyhood that, once the oversold is removed, FXI falls through the bottom of its longer-term range. Clearly if the Chinese add stimulus or perhaps buy equity directly, the game/narrative could quickly turn and I will need to adjust. But as I build my trading plan I will be more much aggressive on the short side of the market. And finally, many of the topics and techniques discussed in this post are part of the CMT Associations Chartered Market Technician’s curriculum. Good Trading: Stewart Taylor, CMT Chartered Market Technician Taylor Financial Communications Shared content and posted charts are intended to be used for informational and educational purposes only. The CMT Association does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. The CMT Association does not accept liability for any financial loss or damage our audience may incur.
AMEX:FXI
by CMT_Association
24
FXI / Nasdaq Relative Strength & Correlation China's Large Cap ETF (FXI) is showing notable bullish Relative Strength (RS) compared to the Nasdaq (0.26 on the Daily RS, using a 50 period timeframe). The typical RS between these two fluctuates between -0.15 - 0.10. FXI also tends to have quite a strong correlation coefficient vs. NDX, but we're finally seeing that break down (0.24 on the Daily w/ a 50 length and trending down). Conservative swing traders want to see a breakout above ~$34 for longs, which would clear the downward sloping trendline that FXI has been respecting since early 2021. While there's still geopolitical risks associated with trading Chinese equities (e.g. tensions with Taiwan), China's recent dovish tilt is encouraging for swing-trading speculators. AMEX:FXI NASDAQ:NDX
AMEX:FXILong
by Michigandolf
11
Something Bullish Could Be Happening in ChinaU.S. stocks fell into a “bear market” this week. Meanwhile, a new bull market could be starting across the Pacific. This chart shows the iShares China Large Cap ETF with relative strength compared to the S&P 500. FXI lagged the U.S. benchmark consistently between February 2021 and May 2022. But it’s outperformed in the last month as officials in Beijing lend support to the business community . As many traders know, a bear market starts when an index drops 20 percent from its high. A lesser-known definition from S&P states that a bull market begins with a rebound of 20 percent from the low. By this definition, China exited its bear market earlier in June. Perhaps even more interesting is the strength of China’s burgeoning technology sector – especially with the Nasdaq-100 reeling lower. This second weekly chart features the Nasdaq Golden Dragon China Index, which holds major companies like Alibaba and JD.com. Notice how it appears to have broken a falling trendline. Second, HXC’s relative strength histogram is pegged to the Nasdaq-100, home to major names like Apple and Microsoft. Its recent outperformance was the highest in 17 years of history. The divergence is noteworthy because Chinese tech stocks have typically behaved like high-beta versions of their U.S. peers. This time they’re trying to break out at the same time a hawkish Fed hammers Silicon Valley valuations. Traders may want to consider whether a bigger rotation is underway. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
AMEX:FXI
by TradeStation
Zigzagging FXI.Goals33, 32. Invalidation at 47 . We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
AMEX:FXIShort
by Rykin_Capital