Don't Ignore This Chart!

Shanghai leading at yearend

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Even though year has a few days left, the Shanghai Composite ($SSEC) is one of the top performing indices in 2009. The Perfchart below compares the performance of this Chinese index against six other major indices. The Australian All Ords Index ($AORD) is a distant second and the S&P 500 is in third place. Perhaps Australia’s proximity to China helped its performance.

091228zperfinto Click this chart for details

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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