Short Chinese market and buy $US !!!

The U.S. dollar breaking out above its 200-day moving average (200 DMA).  Considered to be a very positive technical indicator, assuming the move above the trendline continues.

Chinese stocks may be going in the other direction. In fact, the Shanghai Composite Index looks as though it will move below its 200 DMA.

 

Chinese economy is doing very well by all accounts and Chinese stocks have done well too. It may be that they are taking a breather and this could be a long-term buying opportunity. Or, they may be topping out. Too early to tell at this point.