Dow's Streak Snapped As China ETF Nears Bear Market


  • Jason Goepfert

    Jason Goepfert

    Published: 2018-06-26 at 10:54:08 CDT

This is an abridged version of our Daily Report.

Had to happen sometime

The Dow Industrials Average ended its 2-year streak of holding above its 200-day average, its 7th-longest streak in an uptrend since 1900.

It wasn’t a death knell for the index, especially when the Leading Economic Indicators were strong.

Sino ursus

The most popular China ETF is nearing bear market territory. Previous 20% declines in FXI led to quick, temporary recoveries, but the broader Shanghai Composite index didn’t enjoy the same tendency to see relief rallies.

Small trader enthusiasm

Small options traders have continued their preference for bullish options strategies, as the ROBO Put/Call Ratio remained at an extreme this past week. The smallest traders bought 227 speculative calls for every 100 protective puts.

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The post titled Dow's Streak Snapped As China ETF Nears Bear Market was originally published as on SentimenTrader.com on 2018-06-26.

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