C.O.B.R.A. System Sell Alert: Exit Your Euro Calls

FXE was a positive reversion trade on July 1. At the time, its 50-day CCI reading was low enough that our system flagged it as oversold. Nearly a month later, the oversold condition has been resolved by a sideways movement, not a strong rally. Despite burning a month of time, we can exit the position now at only a small loss.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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