As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.
Trade Alert-(FXE)
Double Your Existing Position
Buy the Currency Shares Euro Trust (FXE) June, 2012 $130 Puts at $1.98 or best
Opening Trade
4-18-2012
expiration date: June 15, 2012
Portfolio weighting: take from 5% to 10%
($5,000/100/$1.98) = 25 Contracts
I was really impressed with how the Dow rocketed 200 points yesterday, but the Euro managed to rally less than a penny. It is an old trader?s rule that if you throw good news on a market and it doesn?t budge, then you sell it.
All eyes are now on the Spanish bond auction on Thursday which is expected to be a disaster. Any yield over 6% will cut the knees out from under the Euro.
Conservative, balanced budgeting Sarkozy is also behind in the polls in Sunday?s French presidential election, and a win by socialist Hollande would be very euro negative.
It feels like markets everywhere are coiling up for a big move so I am doubling up my Euro shorts here, taking my position in the Currency Shares Euro Trust (FXE) June, 2012 $130 Puts from 5% to 10% of the total portfolio. ETF players can buy the (EUO).
