Charting China: Is The Bottom In?

Chinese stocks tacked on another +1.3% last night, taking the A Shares Index to 3045. The July to date performance is +9.5%, comfortably outperforming US indices over the same duration.

Is the bottom in? I am not sure - bottoms are processes, not points, but the chart attached begs the question as we head into what is ostensibly a positive macro catalyst with the start of the Olympics in August.

For now, I am long China for a "Trade".

*Full Disclosure: I am long China via the FXI index.
KM
  • Shanghai Stock Exchange Composite Index
(chart courtesy of stockcharts.com)