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.
We continue to believe the European region will outperform the US through 2025. Hence, potential pullbacks will likely continue to be shallower as money is allocated to the area, especially as the Europeans look to bolster their defence forces significantly. Last week’s spike up towards $100 by the IEU ETF was a bad fill/print, and we are ignoring it in analysing our risk/reward profile, but we remain keen to gain exposure to the region, with the big question being where.
- We remain bullish on European equities, looking to buy dips in the ASX-listed iShares European Equities ETF (IEU).
We are now “stalking” a trade in FMG, believing any washout on the downside will present an excellent risk/reward buying opportunity. Our entry-level/stop may well be tweaked through March.
- We are watching FMG carefully as it makes new multi-year lows, believing the almost 50% correction is maturing fast.
