an tSionna: {China}

Two Chinese ETFs.

The top chart is the Chinese SPDR S&P China ETF {GXC}.  It is a broad based ETF made up of Chinese companies.  The long-term chart above going back to 2002007 shows this ETF breaking our of multi-year resistance this month. 

The next chart is the iShares China Large-Cap ETF {FXI}.  One thing to note about FXI is that 8 of its top 10 holdings are classified as financials so in some ways FXI is a look into investors opinions about the Chinese financial system.  It looks like FXI wants to test multi-year resistance soon.  This is something we need to watch.  If these break outs hold then these ETFs have the potential to be on the way to pretty nice performance over the next few years.  Not saying that has to happen of course but these now need to be on investor's radar and watch lists.

*Long ETFs related to FXI and GXC in certain client and personal accounts.  Please note these positions can change at any time.