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

By Dan AmossPosted May 6, 2022

In yesterday’s portfolio update, we noted that Taiwan Semi reported decent first-quarter financial results. The stock has been weak since then because guidance was tepid. Yesterday’s NASDAQ crash took EWT along for the ride. Our technical indicators for EWT are now oversold, so now is a good time to exit puts.

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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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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. System Sell Alert: Exit Your Euro Calls

By Dan AmossPosted July 30, 2021

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.

C.O.B.R.A. Alert: Let’s Take Gains On the iShares India Puts

By Dan AmossPosted May 12, 2022

The global risk-off environment has taken emerging market ETFs along for the ride. Our technical indicators for INDA are now oversold. Although many technical and fundamental indicators point to a bear market for INDA, now is a good time to exit puts.

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.

C.O.B.R.A. Buy Alert: A Signal on Euro Calls For 50% Gains

By Jim RickardsPosted July 1, 2021

Currently, interest rates in Europe are mostly negative and near all-time lows but steady, while U.S. rates are coming down fast. That makes U.S. capital markets relatively less attractive and drives global capital allocations in the direction of Europe. The euro can be expected to gain based on those flows and that’s good for holders of long positions in today’s recommendation. Using the C.O.B.R.A. system, Jim and Dan recommend a long position in FXE as lower yields in U.S. markets mean a less attractive dollar, more attractive euro and potential gains for this ETF.

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

By Dan AmossPosted September 28, 2021

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.