FXI pull back needs to be monitored carefully. We need continued China growth to power the global markets. If the pullback is short-term (up until June 4th -- 20th anniversary of Tiananmen), then I think we are fine as long as FXI trades above the 200 day MA and the 50 day MA (this cross over will provide great long term support).
Tuesday Options Update: CAH, GLD, DOW, MA, FXI, NTAP, AET, STI & SLV [View article]