The recent resurgence in the domestic equity markets also has been felt in one of the biggest and potentially most profitable market segments around.
The segment is China, and specifically the iShares FTSE/Xinhua China 25 (FXI). This fund is essentially the "Dow" of the China market, as it represents the biggest and arguably the best Chinese companies traded on the Hong Kong Stock Exchange.
As you can see by the chart above, FXI just broke above its 50-day moving average (blue line), and is now headed toward its 200-day moving average (red line). And while FXI has a ways to go before it gets back above the 200-day, its journey there could mean a lot of short-term gains.
Right now in my ETF Trader advisory service, we have an allocation to FXI, which is up sharply during just the past few trading sessions. If you’d like to find out how you can participate in the upside provided by FXI and other ETFs, click here.