January 3, 2013

TAKE PARTIAL PROFITS ON UNITED KINGDOM $EWU

This post was just published on ZYX Buy Change Alert.

The ETF seeks to replicate MSCI United Kingdom Index.

This ETF also provides an attractive dividend of about 3.58%.

The position is long with an average price of $14.62. Currently, 65% of the full core position size is being held.  Previously profits have been taken as high as $17.33.  Consider taking profits on a 10% tranche right here in the zone of $18.05 – $18.30.

Our positive thesis on United Kingdom has not changed.  The purpose of this call is to reduce the over all exposure to the market in view of the dissention in the Fed regarding Quantitative Easing (QE) and to raise cash so that we can pick up bargains at better prices later on.… Please click here or the title below to read more.

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NEGATIVE FOMC MINUTES — EXIT SOME POSITIONS AND PROTECT OTHERS $DFS $EW $NAV $OVTI

This post was just published on ZYX Buy Change Alert.

FOMC minutes that were released at 2:00 pm ET show increasing dissention in the Fed in continuing QE.  This may create headwinds for the stock market.  Consider taking the following actions:

  • Those who have learned hedging may consider adding a 25% hedge in addition to the existing hedge to protect the portfolio.
  • Exit NAV in the zone of $22.14 – $22.50.
  • Exit OVTI in the zone of $15.15 – $15.45.
  • Exit DFS in the zone of $39.60 – $39.85.
  • Exit EW in the zone of $92.30 – $92.70.

Our positive thesis on these stocks has not changed.  

Please click here or the title below to read more.
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