Good Opportunity Short in FXI

28 October 2009 @ 09:52 am EDT

Today's "Master the Trade" setup is a short in FXI, the China 25 Index ETF. Chinese markets have led world markets higher but they are due for a pull in. Shorting at current levels offers good risk to reward for a 3-5% pull in. Look to enter near $43.50 for a move back to the $41.00 area.

Copyright T3Live.com. All rights reserved.

E-Newsletters

We value your privacy. Your email address will not be shared.