Currently: Cash Looking to: Buy @ $48.62
As of 1/22/21 close: $51.71
LAST WEEK: We suggested buying FXI at $43.72 with stops on a close below $43.20 and with a target of $54.
UPDATE: The iShares China ETF (FXI) exploded higher last week likely due to friendly moves by President Biden in the U.S. With Biden tearing down the friction that President Trump imposed on the US / China relationship, FXI and other Chinese proxies could be the macro trades of the next four years.
We would look to buy dips in FXI to $48.62 with stops honored on a close below $47.67 and with an upside target of $72.