Romeo Fayette

China: 'Stir-Fry' Investing

The 20 day MA for FXP will shed some dead weight as we progress through next week. It's streatched to the lower limit of all its technical indicators, so an upward revision to its MAs could be the trigger for a snap-back, as long as FXP doesn't drop precipitously between now & then to offset MA gains. I bought yesterday, and I might double down next week.
ST FXP is a technical play; it's Russian roulette to time the explosion of this fundemental asset bubble in China. LT a pure short of Chinese government debt should be the prevailing strategy since the private sector's shortcomings have been offloaded unto the government... kinda like here in the US!

Disclosure: Long FXP