C.O.B.R.A. System Sell Alert: Take Gains on FXI and FXA Puts

There is potential stress in China’s all-important property markets which may take months to resolve. For now, FXI is oversold and could rally so now is a good time to take profits. Also, negative surprises in Chinese economic data and concerns about tapering of Fed QE have depressed commodity prices and weighed on FXA. FXA is oversold as well, so now is a good time to take profits.

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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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