The FXI China ETF remains the guidepost. Emerging markets will be more affected than the US market as the next macro phase unfolds. The dollar continues to make a base and gold and commodities should be avoided. The 39.36 level…Continue Reading →
Yesterday and today’s knee-jerk movements are typical for major tops and bottoms. Stocks, commodities, oil, and gold are putting in their tops for the year and probably for a multi year cycle, and the dollar is putting in its bottom. …Continue Reading →
Why do all the economic numbers look so good ? It seems simple, if you bail out the big guys, they will look good for a while, especially the S&P 500 crowd that the CNBC crowd follows. The Obama administration…Continue Reading →
This morning the announced reappointment of Dr Bernanke has the markets in a hopeful mood. Sorry, deflation is bigger than “Helicopter Ben’s” magic. No change in strategy. 8:28 AM CDT
We continue to watch the China Market, specifically the FXI. It is a key leading indicator broke down on August 14th and still is below the important 41.03 level on a closing basis. Today an attempt at moving back above…Continue Reading →
This morning the market did catch at an important level , (the FIX traaded down to 39.10 and has now bounced up to 39.90, well above the crucial 39.36 area), so more rebound in the markets is probable before the market…Continue Reading →
From the comments we got it appears we got your attention yesterday. As we mentioned last Friday the China ETF “FXI” remains one of our key indicators. It broke down by closing under 41.03 that day, bounced up yesterday, now…Continue Reading →
Watch the news and you will invariably see the next blowout in the making. Commodity prices followed the asset bubble and topped a year ago. Now paper assets have seen a significant rally and commodities have gone up with them. …Continue Reading →
The market seems to have completed its summer rally. The China ETF FXI which we use as a leading indicator has moved below its breakout point at 41.03 today. This is where the summer rally got frothy earlier this summer…Continue Reading →