Shawn’s Trade Idea: iShares European Equities ETF (IEU) $96.92

We are looking for the EURO STOXX 50 index to make fresh highs this week, almost in a now-or-never moment, although that would be way too dramatic. As we enter the seasonally strong July, the numbers add up, although we aren’t looking for anything more than a 5-10% move in the short term

• I believe the risk/reward towards the IEU ETF looks good, targeting a “pop” to fresh all-time highs by European stocks in the coming weeks.