China tariffs imposed by the US have not dented the potential trend change in China large caps (FXI) vs. US large caps (SPY)
It’s interesting, is all. The news cycle pounds us with China tariffs as well as those being dropped on other countries, as Trump gets under the hood and starts ripping things out and shoving things in. But in this case, Chinese large cap stocks don’t give a damn. Not yet, anyway.
NFTRH has had a lower priority view of potential China out-performance in its back pocket since last year. Today, the chart of the FXI/SPY ratio gives little reason to think otherwise. FXI/SPY made a Golden Cross of the daily SMA 50 above the SMA 200, suffered the inevitable hard drop to punish Golden Cross believers, and is now back on the theme of the cross, which is a change of trend to up after holding the moving averages. The chart is ship shape, with positive RSI and MACD.
For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. You can easily subscribe by Credit Card or PayPal (see all info and options).
Keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar, or take it to another (intermediate) level with our free eLetter. Follow via X @NFTRHgt. Also, a new tier of service is coming soon, as NFTRH++ will offer technical trading signals. More info on NFTRH++ here.
