Currently: Cash Looking to: Buy @ 44.51
As of 11/29/19 as of 12:27pm EST: $45.39
LAST WEEK: We suggested buying IEV / European equity proxies when IEV tests $44.51 with stops below $44.40 and with a target of $47.40.
UPDATE: The European ETF (IEV) appears to be setting up for a short-term pullback to around $44.71 or $44.10. From there, we are expecting further upside action – perhaps up towards the $47.40 we put forth in last week’s report.
We would be buyers of IEV or European equity proxies when IEV tests $44.71. Honor stops on a close below $44.10 and look to take profits up at $47.40.