Sunday, April 5, 2015
FXI breaks out to upside
FXI is the the China Large Cap ETF which I have as my stock of the year pick. It appears that the shares have finally broken out to the upside.
The Chinese government has instituted several policies to encourage stock ownership by investors. In addition they have been easing monetary policy in order to stimulate the economy. I expect as in other countries that have eased monetary policy that a good portion of the money will find its way into the stockmarket.
Here is a good technical analysis of the break out by Morris Hubbert.