Wednesday, October 17, 2012

Quick FXI/FXP Post

Although FXI has a strong correlation with the market, it does look like it comes down perhaps with a market pullback, sending FXP higher for at least tomorrow and that's probably a trade I would take as a quickie, as far a longer term, FXP is still building, looking good, it's the FXI correlation that is holding it back, but I get the feel that China will break before the US bounce.

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