NFTRH+; Europe/Germany

This week I added a starter position in HEDJ and am considering one in EZU.  To review, the hedged ETF works well for someone bullish on Europe but expecting the Euro to keep declining and EZU for someone bullish on Europe but expecting the USD to correct.

This update focuses on Germany, however.  I added back SIEGY, which would prefer a strengthening Euro (vs. USD).  For our purposes, let’s review the EWG iShares for anyone interested in Germany who falls into the ‘Euro strengthening’ category.

Very simply,  watch to see if this bounce holds the SMA 200 and/or the black neckline.


Buy Target:  28.50 to 29

Measured Target:  32.50

Stop Loss:  Below 28 (SMA 50) or as suits risk tolerance

A reminder that chart based NFTRH+ updates are just trade setup ideas, which may not be revisited as the parameters are already noted. They are meant as a starting point for further research if interested. Fundamentals-based ideas are also provided for your further research only. I will not personally buy every item highlighted and will sometimes sell – without prior notice (because this takes time and resource away from NFTRH’s main functions) – any item that I do buy, below target, which is something I often do as a trader. Also please be aware that I am not a fundamental stock analyst.