Currently: Cash Looking to: Short @ $34.40
As of 3/20/20 close: $30.45
LAST WEEK: We suggested selling / shorting at $37.09 with a downside target of $33.90 and with stops honored on a close above $38.
UPDATE: The European ETF (IEV) is slicing lower as investors try to figure out the appropriate price levels for stocks given the very fluid coronavirus-affected economy. Right now, we would look for opportunities to sell IEV or other European stock proxies at higher levels. We would sell / short IEV or other proxies for Euro stocks on a bounce to $34.40 with stops on a close above $36 and with a downside target of $21.66.