The xiu hasn't been performing well of late, nor has China, down 20% after being up 100 % in july, Toronto tends to follow New York, but it is also perceived as a petro/commodity market, and now that China has filled every holding tank and warehouse in an attempt to dump U.S. dollars and buy things, to the point where ships can't unload because there is no space to store it. There is a rumor that Chinese bank regulators are threatening to tighten lending standards.
Profits objectives on XIU are 17.40 and 18.80 the 16.50 level is a low risk short trigger based on longer term, it may fail but I am cautious here. So I have moved my stop to break even. click for big
