C.O.B.R.A. Sell Alert: Take 40% Gain On FXB Puts

By Dan AmossPosted February 25, 2022

With economic turmoil rising, the UK has also been one of the most hawkish countries on the topic of defending Ukraine against possible invasion by Russia. FXB has been weak through the Russia-Ukraine turmoil, so now is a good time to take profits on this position after holding for less than a month.

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Jim Rickards’ Tactical Currency Profits

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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Buy Alert: C.O.B.R.A. System Signals 50% Upside in India Puts

By Jim Rickards and Dan AmossPosted April 19, 2022

Although we are bullish on long-term prospects for India’s economy, there are multiple headwinds in the short-term that will impact growth. India is not the only victim of a global economic downturn, but it will be severely affected nonetheless. Using the C.O.B.R.A. system, Jim and Dan focus on a short position in an ETF tracking equities in the Indian market as bearish catalysts dominate India’s economy in the weeks ahead.

C.O.B.R.A. System Buy Alert: Another 40% Opportunity in FXI Puts

By Jim RickardsPosted October 29, 2021

An economic slowdown in China means weaker valuations for Chinese stocks. Alongside slowdowns in the U.S., EU, and Japan will be enough to tip Chinese stocks to the downside. Jim and Dan again revisit FXI puts with a third attractive bearish trade setup this year as this ETF is subject to a substantial decline in the coming weeks.

Buy Alert: COBRA Signals Another Opportunity in FXI Puts

By Jim Rickards and Dan AmossPosted June 8, 2022

China’s economic outlook looks bleak with a stupendous mountain of corporate, provincial, and bank debt that is completely unsustainable. Even if that debt does not come crashing down in the near future, it definitely acts as a drag on growth. Using the C.O.B.R.A. system, Jim and Dan revisit a short position in the leading ETF that tracks the performance of major Chinese stocks as the best way to capture profits on an expected drawdown in Chinese equity markets.

C.O.B.R.A. Sell Alert: Exit Your UUP Puts

By Dan AmossPosted March 11, 2022

The dollar’s typical trading pattern changed abruptly once Russia invaded Ukraine. UUP surged as investors fled the euro. Even with UUP reversing some of its recent rise, we are fast approaching options expiration on March 18 with momentum favoring dollar bulls, so let’s take this loss today.

C.O.B.R.A. Alert: Take Profits On iShares South Korea Puts

By Dan AmossPosted April 25, 2022

In a little over two weeks, we have had a nice gain on our EWY position. Samsung (a major component of this ETF) will report earnings later this week. It might spark a bounce in the stock. Let’s sell this position now and watch EWY for another high-potential trade setup in the future.

C.O.B.R.A. Sell Alert: Take Profits On iShares Brazil Calls

By Dan AmossPosted March 24, 2022

Since the war in Ukraine, EWZ has been in an upward trend as investors look to Brazil to supply oil, metals and agricultural commodities that Russia will not. EWZ is now overbought as the chart’s 50-day CCI indicates. Let’s sell at a nice gain and watch EWZ for another trade in the future.