Trade ideas are provided as a guide only. Market Matters is not investing in these ideas as we do our other suite of portfolios available here. If trades are updated through the week, these updates will be advised in the morning note and will be flagged as an alert on the home page of the website. Separate emails or SMS messages will not be sent for Shawns Trade Ideas. The ideas are General in nature only.
- Existing positions and past trades can be found on the MM website.
Firstly, some updates to existing positions and orders:
- Cancel the $15 limit order in Fortescue (FMG); we may have been too fussy. We will have more on this later.
- Lift iShares China Large-Cap Equities ETF (IZZ) stop from 54.90 to 57.00.
- Lift iShares European Equities ETF (IEU) stop from 89 to 91.50.
We are now “stalking” a trade in US-tech stocks, believing a further downside washout will present an excellent risk/reward buying opportunity. We have no “Trade Idea” at this stage, but one may come later this month.
