Sectors In Particular

China – Still Seeing Red

After reading a negative article in yesterday’s WSJ, I decided to see what my models say about the Chinese ETFs they track. The models agree, they, too, are down on the Chinese stock market.

Looking at the chart above, the two inverse ETFs, $FXP and $YANG stay in the bullish zone, the area above 4.5, for most of the tracking period. While the other four ETFs, non-inverse, remain bearish. There is one small period, from Sept. 18 through the 20th, in which both camps flip to the other side, but otherwise, they are calling for a continuing bearish Chinese stock market.

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