December 5, 2022

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Yields Rise

Please click here for a chart of China large cap ETF (FXI).

Note the following:

• Stocks in Hong Kong jumped 4.51% as many Chinese cities loosened COVID  restrictions over the weekend.
• The chart shows that the 30% rally over two weeks is now extending.
• The chart shows FXI is now at the bottom of the resistance zone. For this reason, the move up from here will be more difficult.
• The price action on the chart shows a positive pattern.
• The chart shows RSI divergence.