China Large-Cap ETF Gets in Gear

China appears ready to play some catch-up in terms of performance. While the S&P 500 has hit new highs, big ETFs like the iShares China Large-Cap ETF (FXI) are still several percentage points below their 2016 highs. Today's breakout move appears to indicate that is ready to change. 

FXI has broken above resistance going back through November and December. We don't simply have a bullish flag here, but also a very large inverse head-and-shoulders targeting $40 on the upside. Ironically, this hasn't been quite the volatility monster it once was. Still, there's plenty of movement, but I would give the position time and set my sights on $39. ...164 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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