FreeFXI9 min read
The FXI setup large-caps miss
FXI
Delayed
IWM
Delayed
EEM
Delayed
The thesis
The special situation here is mispriced relative to the catalyst path.
Relative strength is quietly building under the index headlines.
What I'm watching
- FXI relative strength vs SPY
- the catalyst timeline
- A clean move through the level I flag below
Positioning
Long on FXI, 1-6 months horizon. Conviction: Low. Liquidity is thinner here — I size down and stay nimble.
Opinion, not investment advice. The author may or may not hold positions discussed.
Opinion. The author may or may not hold positions discussed. Not advice. Not a financial promotion approved under FSMA s.21. Quote data is delayed. Past performance is not a reliable indicator of future results.
Comments
3 commentsThe framing here is what got me to look at FXI properly.
Reading this again with hindsight. The risk section aged nicely.
This thesis played out more or less as written.