FXI trade ideas
FXI large weekly base forming $38/$42...options details belowChina (FXI) afternoon buying in August $44 calls for 8,990 contracts $2.15 to $2.18 right into the close. FXI large weekly base forming $38/$42 that measures up to a $46 target, also would retest the key 2018 breakdown and be a 50% retracement.
$FXI going to fill gap around 46 or heading lower?Looks like a double bottom, but seems like the least resistance is to go down. Let's wait until the trade deal
FXI CHINESE MARKETS BOTTOM IN OCTOBER 2021 - TALKS DON'T MATTERMomentum Model suggests October 2021 will be bottom for Chinese markets
brschultz / markettimer777
FXI - double bottom at Fibo levelBreaking out of its downtrend line, after a double bottom at the 61.8 retracement level of the Feb'16-Jan'18 advance.
CHINA & US Boom & doom together? $FXI $SPYCan't imagine how fast these two markets stick back together.
Expect more downside on FXI Basically, FXI trade in a wide range in the last 10 years, as shown in the chart. Although valuation seems cheap after -20%+ slump in 2018, I suggestion investors take cautions when considering investing in this mainland ETF, as economic slowdown show no sign of abating. the fundamentals of China's growth has stretched far and exhausted because of high debt and capital misallocation. Government has been scrambling to bump up the economy since summer, while the central bank has take a more accommodating monetary policy ,but I consider these measures will take some time to substantiate.
Short FXI (Money flow to China? Oh that's stupid)Short FXI once the rising bearish wedge breaks. TP 34, ideally 32
Short ChinaChina fall to the .618% of fibonacci until G-20 Meeting at Bs.As, Argentina. China must surrender in the comercial war.
Chinese markets due for a little bounce?See callout bubbles. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.
TRADE IDEA: FXI MAR/DEC 36/42 UPWARD CALL DIAGONALA bet that -- at some point going forward -- the U.S. and China will reach a meaningful trade agreement ... .
Metrics:
Max Profit on Setup: 2.00/contract
Max Loss/Buying Power Effect on Setup: 4.00/contract
Break Even: 40.00
Debit Paid to Spread Width Ratio: 4/6 (67%)
Theta: .51
Delta: 43.91
Notes: Roll short call out on significant loss of value (50% max, generally); start to look to take profit at 50% of max.
Short FXI along with SPY for a correction (Week of Sept 25)FXI had a strong week bounced off weekly cloud. The bounce is much due to USDHKD weakness as PBOC stepped in to intervene the weakening HKD. However, that costs foreign reserve and its not sustainable. With my idea of short SPY the next week. The bounce should fade away.
Weekly we can see a wide green bar but with volume lower than last week. This is either short covering or bears waiting to short at higher level. I suspect it will go down along with the falling widened wedge to test green cloud support. After that, just like SPY, a strong buying opportunity all the way to the top, where the peak will be set.
China and U.S trade news just came out this weekend. Suppose buy rumor sell the news. The rumor previously was bought and my thought is the news will be sold.
I linked to my previous short FXI idea. It is still in play, although a decent bounce.
in for swing trade risk 1/4 position $spy $dxy potential cup n handle breakout wait for b/o above supply
$FXI china large caps broke 200SMA months ago and dumped$FXI china large caps broke 200SMA months ago and dumped, whats worrying though is they haven't recovered yet, this market shows minimal respecc for MAs historically and has insane volatility so keep that in mind.
FXI - (Short Premium) Selling premium into high IVR $$$Short Strangle, 30 delta (39/42 strikes), 37 'DTE, $1.25 credit
