The Chinese stock-market explosion as well as the boom in emerging markets caught many (including us) by surprise. But who knows when China is going release its waves of monetary and fiscal policy? The primary reason we were not focused on these markets was because the U.S. Dollar Index has been flat for almost the past two years, while emerging markets have been highly negatively correlated with the greenback. In the past 30 years, all the big rallies in emerging markets have been associated with a weak dollar and all the major declines in emerging markets have come with a strong dollar. The iShares China Large Cap ETF (FXI) exploded, jumping 47% from its low on September 10 through October 7, with most of that occurring in just 10 days. Any investor who decided they were not going to chase that move may be rewarded for their patience. Indeed, FXI has dropped 15% from its October 7 intraday high. On the weekly chart, FXI appears to be tracing out a bull flag back to its 200-week average. It also has found support from its 50-month average. FXI might need more time to consolidate its outsized gains, so it's possible the ETF will drop back to its key breakout level around $29.50. That would represent a common Fibonacci retracement of 61.8%. Volume was very heavy on the move higher as well as the pullback, likely because this price action has been very emotional. Picking a spot to enter such a volatile chart is obviously not easy. We might consider a speculative shot between $29 and $31 with some predetermined stop-loss of 8%-10%. (Mark Arbeter, CMT)

Hannover Re is a reinsurance company headquartered in Hannover, Germany. Its roots go back to the 1920s when, in conjunction with the Gerling Group, Haftpflichtverband founded Eisen- und Stahl-Industrie to provide reinsurance services. In the 1960s ownership of the business was turned over to Haftpflichtverband, and Aktiengesellschaft für Transport und- Rückversicherung was founded. This was the basis of Hannover Re. The business expanded into life and health reinsurance in the 1990s, and over the next 30 years expanded beyond its core domestic market of Germany to write business internationally. Hannover sold its commercial specialty insurance business to Talanx in January 2019. Hannover was listed in the 1990s on the Frankfurt Stock Exchange.

COMMERCIAL METALS CO has an Investment Rating of HOLD; a target price of $54.000000; an Industry Subrating of Medium; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of High; and a Value Subrating of Low.

COMMERCIAL METALS CO has an Investment Rating of HOLD; a target price of $56.000000; an Industry Subrating of Medium; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Low.