The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
NEW YORK (ETF Expert) -- The SPDR S&P China Fund (GXC) fell 37% from an April high to an October low. That was nearly twice the top-to-bottom devastation for the S&P 500 SPDR Trust (SPY). What's more, the dramatic selloff across all China ETFs met the commonplace definition of a bear market -- a 20% drop from the peak.
Often, commentators and analysts use technical data to confirm bearish trends. For instance, when the 50-day moving average for GXC crossed below its 200-day moving average in July, the "death cross" signaled the likelihood of a downturn.
Yet few seem to be talking about whether or not China has turned a corner. In fact, prior to the beat-down in the last hour of Wednesday's trading, GXC had risen 24% off an October trough. Is the over-20% move to the upside worthy of the description, "New Bull In China?"
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV