Short interest as of the end of March was flat on an index level, but action was hot and heavy on an industry/sector level. On the NYSE, short interest was 15.68 billion, down from 15.69 billion two weeks ago. On … Continued
FXI is caught between weak macro backdrop, the Chinese government’s unwillingness to open up stimulus wallet, and deteriorating technical conditions. There is probably more to go on the downside. It has been a month and a half since we last … Continued
Following up with the piece yesterday, the adjacent chart offers some interesting insight into the direction the FXI might take in the days and weeks ahead. The Chicago Board of Exchange applies its VIX methodology to create indexes reflecting expected … Continued
Chinese stocks have been on fire! From an intra-day low of 36.62 on June 24, FXI (iShares Trust FTSE-Xinhua China 25 Index Fund) shot up nearly 13 percent to 41.30 in a little over a month (by July 29, to … Continued