Currently: Cash Looking to: Short @ $47.42
As of 2/13/20 close: $46.74
LAST WEEK: We suggested shorting at $46.97 with stops on a close above $47 and with a target of $44.60.
UPDATE: The European ETF (IEV) closed above $47 thereby knocking out our short position suggested last week. Now, we would look for a continuation in IEV up to $47.42 before any serious downside commences.
We would sell longs / get short at $47.42 with stops on a close above $47.75 and would use $44.50 as the downside target for covering / getting long.