Chinese Stocks Continue to Fall, the FXP continues to Gain

The UltraShort FTSE/Xinhua China 25 Proshare (FXP) is up 14% today as Chinese stocks fall after yesterday's short rally.

This week as U.S. and Chinese stocks fell, the FXP had massive gains only to give them up yesterday, but the FXP is headed back up today as more market doom and gloom is cast over the world economies.

Europe officially fell into recession on Friday and the U.S. economy suffered further blows as world leaders headed to Washington to address the worst financial crisis in 80 years.

China's rapid growth can't keep up the pace with the world economy slippping, the WSJ noted that China reported its first decline in monthly electricity output in four years with a 4% decline in power generation in October from a year earlier. 

Timing when to be in and out of the FXP can be a valuable asset to your portfolio these days.

Happy Trading.