QQQ/EWG: Merkel gave us green light, short Germany and long QQQ

This potentially a very rewarding pair trade. You can enter shorts in Dax (either via CFDs or using the EWG etf ) and longs in Nasdaq composite (CFDs or via the QQQ etf ), risking 1 time the monthly average true range (but using no stop - the idea is merely to size the trade based on volatility ).
This is potentially a long term trade, and a good way of gaining short exposure based on fundamentals without being solely short Deutsche Bank or Germany.

Good luck,

Ivan Labrie.
Comment: Winning :)
as soon as DB stuff is solved, DAX will skyrocket.
what is your TP for DAX?
IvanLabrie MertErten
I'm out of DAX at 10311, holding EWG, as a pair trade with QQQ for now.
MertErten IvanLabrie
good, I'm out from 10280.

I will add shorts after GER open...
(I hope it opens with a gap)

I don't think this DB stuff will be solved easily.
IvanLabrie MertErten
Me neither, I'm willing to play the 'short Dax' theme for a while longer...also as a bit of a hedge against my US equities longs.
MertErten IvanLabrie
I agree,
I have some IBB (Nasdaq BIOTECH) ETF.

NASDAQ should explode with FED rate hike.
+1 Reply
IvanLabrie MertErten
What do you mean? I don't think we'll get a rate hike any time soon.
Market looks overall bullish.
I think the DB issue is the main thing in focus now.
MertErten IvanLabrie
Yellen promised a rate hike in 2016 in the last FOMC press speech, I was talking about that.
IvanLabrie MertErten
Probably due for December.
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