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.
This morning’s trade idea is simple: while we are cautious towards US “Big Tech,” we still see the ASX200 making new highs into Christmas, a stance we’ve had in place for weeks. Hence, following weakness in the US on Friday night, a good opportunity may present itself early this week into a pullback.
- We like the risk/reward towards the BetaShares ASX200 ETF (GEAR) below $32.20 with stops under $31, i.e. less than 4% risk.
NB The GEAR ETF is leveraged/geared around 2.3x.
