Why You Should Short the iShares MSCI Germany ETF
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The time’s right to short the iShares MSCI Germany ETF (EWG) says Sara Nunnally. She thinks it can’t hold it’s current level much longer - get in now before it drops faster than Gee Dubya’s popularity rating.
The iShares MSCI Germany ETF will make a lot of people a lot of money in the next 12 weeks… but not everyone.
This chart shows EWG trading at a critical support level. A rule of thumb for trading is that major support lines normally hold while minor support levels usually break. What that means for EWG is uncertainty: a jump back to recent highs or a fall off a cliff.
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I’m biased towards a fall off the cliff. Just look at momentum getting ready to turn negative like Karl Rove in a presidential campaign.
Not to mention that manufacturing numbers show a fall of 2.4% when economists expected a rise of 0.3%.
Source: Short the iShares MSCI Germany ETF (EWG)
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Tags: EWG, investing in Germany, Sara NunnallyAbout the Author
As the editor of the investment advisory service Material Profits, Sara Nunnally brings a fresh perspective and an exciting approach to investing in the profitable commodities sector. Sara applies a balanced technique with a whole new focus of investment opportunity - and profits - for her members.
Taipan Daily is your free resource for late-breaking investment opportunities to help you beat Wall Street to the profits. Filled with investment analysis and insight from every sector. Taipan Daily delivers just the right blend of safe opportunities with the fast-moving plays, so you have an insider's edge over Wall Street and other investors.