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One of the more noteworthy developments in recent days has been the move in European financial markets.  After a strong run of outperformance in 2017 that saw the Vanguard FTSE Europe ETF (VGK) surged more than 23 percent, the ETF pulled back this week, bringing its YTD gains down to 5.6 percent.  Now the question is whether recent weakness is a pause that refreshes or it’s a beginning of something worse?  Below is an update look at a trade in VGK.

The graphic below is from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges.  As shown, the underlying is in a short-term bullish trend when the price bars are painted in green.  The underlying is in a short-term bearish trend when the price bars are painted in red. 

Chart 1.1 – Vanguard FTSE Europe ETF (weekly)

Our “U.S. Market Trading Map” painted VGK bars in red (sell) – see area ‘A’ in the chart.  VGK has been on a tear in recent months after the October correction found support near the 20-week moving average.  The late December rally pushed the ETF above the prior high set in 2014.  The ETF traded as high as 63.60 before sellers stepped in and pushed prices down.  This week’s selloff signify…Click here to read more.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

 

This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

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