Currently: Cash Looking to: Short @ $46.75
As of 2/21/20 as of 2:18pm EST: $46.39
LAST WEEK: We suggested selling longs / getting short at $47.42 with stops above $47.75 and with a target
of $44.50 for covering / getting long.
UPDATE: The European ETF (IEV) looks weak here after peaking this week below $47. Right now, it looks to
us like the path for European stocks is lower and that rallies should be sold / shorted.
We would look to sell longs / get short at $46.75 with stops honored on a close above $47.75 and with a
downside target for covering at $38. This is a more bearish outlook than previously put forth so please take
note of the change.