Monday, July 23, 2007

The Shanghai Index Wakes Up



A few weeks ago it appeared as if the Shanghai index was possibly putting in a top due to the fact it was lagging the rest of the markets, well today it just woke up!

The index was up Friday and up another 3.8% today. Notice the higher lows we are beginning to see. Looks like new highs are right around the corner.

4 comments:

stakeholder said...

Hi Kevin

Your 10 day 5min chart of S&P is beautiful today. Can't access your older posts right now, but today closed just below resistance at 1546.

Watching that one myself...thanks.

Elaine said...

Kevin,

How would you play the Shanghai Index - any ticker symbols? Thanks!

Kevin said...

Good Question....I honestly don't know.

Lawrence Chiu said...

You can buy Morgan Stanley CAF which is a ETF that buys the Shanghai A-shares.

http://www.morganstanley.com/im/chinafund/index.html

"The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in A-shares of Chinese companies listed on the Shanghai and Shenzhen Stock Exchanges."

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