Another nice profit in this ETF

Posted on by The INO.com Team

We have been trading the ETF FXE for some time now in MarketClub's Perfect "R" Portfolio and today we exited our long position at $136.64, which produced a profit of $8.14 a share.

This market has performed very well for us and we have only had two major trend changes for the year so far. The FXE is an ETF that mimics the Euro versus the US Dollar, so there's always plenty movement which equals opportunity in the market. That is one of the principal reasons why we chose to include this ETF in the Perfect "R" Portfolio.

Right now our score is a -60, meaning one should be on the sidelines until a more defined trend takes place. This is one of the beauties of this portfolio; you are not in the market all the time.

You can find out more about the MarketClub's Perfect "R" Portfolio and all other portfolios with this link.

All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub

9 thoughts on “Another nice profit in this ETF”

  1. Monday 11/15 Update:
    The FXE closed below it's s50-dma, the DX confirmed it's break above it's s50-dma.
    The UUP scored a Weekly Green Triangle.
    I took a small position long in the UUP with a mental stop just above 22.40.

  2. The crash has been indefinitely postponed it seemed to many. A few others are likely seeing the last few days as the beginning. Volatility has jumped today; maybe record breaking insider selling yesterday was the signal. I would bet they saw a signal that caused them to sell- if so those few others may be pointing to the clock at just the right time.
    On the other hand, next week is Option expiration week, and some say the markets have seen a lot of buying on every Option expiration week- ever since the Fed "ended" QE1 last spring. So maybe the insiders were supposed to wait til next week and got impatient.
    Only the insiders know why, but either way it looks like the rats are leaving their ships. Insider selling has been alarmingly high for months and yesterday's was record setting.

  4. Adam:
    We can hope that the others reset lower soon as FXE represents the counter-party UUP. All the 'R' parts are extremely US dollar centric. Should the US dollar continue to decline, FXE, GLD, USO, SPY will continue as a beacon of upward nominal value (false hope and possible hyperinflation), but leaving the US investor with tax consequences that totally destroy any gains both in financial and in real value terms (wealth). The 'R' program is GREAT if the investor buys/sells outside the stock market. We wish INO would partner with outsiders who provide trades as non-taxable currency using the 'R'. Things could be worse--a US CD at 1%.

    1. joeldee,

      Thanks for your feedback.

      The "Perfect Portfolio" is doing very well.

      Not sure I understand the last question.

      All the best,
      Adam

  5. "New 3 week low, week ending Nov 1."

    When does counting the 3 weeks start? If counting back from Nov 1, it seems actually 4 weeks. If I count back from the sell date (11-10), "3 day low on weds," then the beginning week is 10-25. If counting back from Nov 1, it begins 10-18.

    Thanks.

    1. Marc822,
      Thank you for your feedback.

      That is why you need to look at becoming a member of MarketClub.

      All the best,
      Adam

    1. Jack.

      The trend is up for this stock according to our Trade Triangle technology. This is a thinly trade stock and is going to be subject to wide volatility. It is not a stock I would trade personally.

      All the best,
      Adam

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