SKGO has posted impressive gains. This formerly bidless stock has risen 6,300% in a little over 2 months. The company released news on Friday after the market close that should provide a bevy of buyers at the open.This is a tradeable stock …
Chinese stocks engaged in a furious run-up earlier this year but recently plunged more than 20%, prompting some observers to note that China is now in a bear market.We are seeing signs of a resurgence.In Thursday night’s TrendBusters list, we saw 9 Chi…
The iShares FTSE/Xinhua China 25 Index ETF (FXI) has been in a downtrend for months. In the last month or so it has bounced off a support level in the $140 area several times. The ETF has finally begun to turn up. On Tuesday it came right up against it…
We saw a hint yesterday but today we got the confirmation. The iShares FTSE/Xinhua China 25 Index ETF (FXI) has been carving out a wedge-shaped chart pattern for weeks but it has now broken to downside.On October 31, 2007, FXI established its peak clos…
Expectations for China
I recently took a small position in the UltraShort FTSE/Xinhua China 25 ETF (FXP). This is the inverse fund corresponding to the FTSE/Xinhua China 25 ETF (FXI). After peaking in October, FXI has been moving down. It now appears to be forming a wedge-sh…
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