FXE Is Oversold: Trade The Bounce
Posted on May 21, 2012 at 07:00 AM EDT
Predicting the future is not easy, it might even be impossible. However, anticipating the recent wave of fear in the markets should have been a no-brainer. Seriously. Anyone with a 2012 European parliamentary elections calendar could have speculated (with great certainty) that debt drama would likely resurface; in early March of this year we gave ETF investors a heads up that the next bump in Europe’s road to recovery could come as early as April. The stars aligned as faith would have it and Greek elections welcomed back the bears [see 3 ETF Trading Tips You Are Missing]. If you missed (or got burned by) the recent Euro zone-inspired sell-off, consider the chart for the Rydex CurrencyShares Euro Currency Trust (FXE) once again as it may offer some compelling trading opportunities in the foreseeable future. Keep in mind that headlines from the overseas currency bloc have a tendency to sway the markets in unpredictable ways, and as such, the [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Cautiously Bullish At Home ETF Insider: Opportunities In A Pullback Euro Drama Is Back: Trade The Range In FXE ETF Insider: More Earnings, More Volatility ETF Insider: The Uptrend Remains For Now
Predicting the future is not easy, it might even be impossible. However, anticipating the recent wave of fear in the markets should have been a no-brainer. Seriously. Anyone with a 2012 European parliamentary elections calendar could have speculated (with great certainty) that debt drama would likely resurface; in early March of this year we gave ETF investors a heads up that the next bump in Europe’s road to recovery could come as early as April. The stars aligned as faith would have it and Greek elections welcomed back the bears [see 3 ETF Trading Tips You Are Missing]. If you missed (or got burned by) the recent Euro zone-inspired sell-off, consider the chart for the Rydex CurrencyShares Euro Currency Trust (FXE) once again as it may offer some compelling trading opportunities in the foreseeable future. Keep in mind that headlines from the overseas currency bloc have a tendency to sway the markets in unpredictable ways, and as such, the [...]

Click here to read the original article on ETFdb.com.

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