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Friday, March 29, 2024

Watching the Shanghai Whale

Courtesy of Doug Short.

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.


When it comes to population, China is huge — representing one sixth of the total world’s headcount. Does size matter? At this time it appears the Shanghai Composite is testing the underside of this flag/pennant pattern at (1) in the chart below.

The Emerging markets ETF (EEM) has lagged the U.S. over the past few years, yet has done really well of late, having rallied from the bottom of its flag/pennant pattern.

Even though the Shanghai & Emerging markets haven’t done nearly as well over the past few years as the United States and Europe, what direction the Shanghai takes from here could tell us a great deal about worldwide growth … or the lack thereof.

Keeping a close eye on this whale and Emerging markets right here!


For information about Kimble Charting Solutions, send an email to services@kimblechartingsolutions.com.

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