The China Connection - Market Analysis for Jun 19th, 2013

When I look at the Shanghai Comp pattern vs the SPX, what do I see?

I see a developing massive 2-year bottom pattern on the Shanghai, and a mature, 2-year uptrend pattern topping out on SPX.

This urges me to be long the Shanghai -- via the Morgan Stanley China A Share ETF (CAF) -- and to be very cautious in SPX ahead of the emergence of a potentially painful corrective process.

  Matched “”
x
Take Advantage Of Our Free
7-Day Trial, $71st Month Offer!
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!