Sector Highlight: China ETFs

October 19, 2009 at 7:53 am by Tom Lydon      Bookmark and Share

China exchange traded funds (ETFs) are surging higher this morning after it was announced that the country’s economy grew more than 7% from January to September this year. It’s also expected to surpass its growth target of 8% for the year. Here are more stories on the subject that may interest you:

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  • jeffdiercks
    Technically the China ETFs broke out (just barely) over their previous highs on increased volume. We also have some expansion of the Bollinger Bands (volatility squeeze).

    I still would like to see these stocks start up on Tuesday and hold their early gains before I would be a buyer. The major averages look tired here and if they pull back it would likely affect all of these China ETFs as well.
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