I have positions in both hedged and unhedged Europe, as you know. This was due to the (thus far incorrect) view that the USD would correct and the Euro bounce.
Recall that in NFTRH 331 we noted USD’s weekly chart looked more like a bullish consolidation than a topping situation. It is over bought to be sure, and also over loved, sentiment wise. But the fact is it is still bullish.
Hence, I am going to eliminate the unhedged European positions, EWG for a small loss and SIEGY for a small gain. I am going to keep the HEDJ and maybe consider hedged Germany (DXGE). But in light of the extended US stock market with a lousy sentiment profile, cash continues to be a key for the near-term until the clouds disperse.
