As touched on in recent reports, we like European stocks into weakness; we closed out the IEU ETF in February close to ~$95, looking for the very opportunity that is now looming.
Following sharp falls on US bourses on Friday and S&P500 futures again early this morning, the possibility of buying the IEU ETF in our ideal area has increased dramatically.
New Trade Idea: Buy iShares European Equities ETF (IEU) at 82 with stops at $77 – a 7% risk.
Add To Hit List
