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EFA trade ideas

EFA: PULL THE TRIGGER AT 51 OR WAIT UNTIL 45.50?One of the other brutalized issues post-Brexit is EFA, which is basically "everyone" besides Canada and the U.S. Here, the point at which I would consider a buy for my covered call portfolio is subject to change, depending on what happens at 51, which is the 50 Fib from the 2009 to the 2014 high. That would not be a bad buy area, but obviously lower is better and if it's going to express fragility at the 50 Fib by breaking through that level precipitously, well, then, I don't want to pull the trigger there ... . Another one to set an alert on for 51, at which time I'll check the chart to see what's goin' on ... . Sidenote: For EFA, you can actually get pretty decent money for just selling the 51 put (currently priced at 1.11 in the Aug monthly expiry) if you want to shoot for assignment at that price level ....
AMEX:EFALong
by NaughtyPines
International EAFE index fund is a buy above $60, short below itThis stock index which measures the performance of developed country large and mid-cap stocks, not including US and Canada has taken it on the chin in recent weeks. It's highly levered to European stocks, and therefore has been impacted by the Greece turmoil. However, supportive monetary policy in the eurozone, as well as signs of improving growth make for a more optimistic long term view on EFA, if you're willing to brave the volatility spurred by Greece. On a volatility basis, EFA is still behaving relatively calmly compared to prior major volatility events in 2011, 2010 and 2008. I think that if support holds at $60 it's good buy for the long-term, and wouldn't be surprised to see money managers currently underweight Europe start to move funds back to Europe if the US earnings season falls flat and the headlines around Greece begin to recede since the worst case scenario (Greek leaving the eurozone) is close to baked into prices at this point.
AMEX:EFALong
by eatlovetrade1
EFA, please do not break the neckline again!!!The iShares MSCI EAFE ETF seeks to track the investment results of an index composed of large- and mid-capitalization developed market equities, excluding the U.S. and Canada. Top then holdings are Nestle (switzerland), Novartis (switzerland), Roche (switzerland), HSBC (UK), Toyota (Jpn), Shell (UK), Bayer AG (Germany), BP (UK), Commonwealth Bank of Australia & Sanofi (France) Well, i had a quick look at 943 holdings. It comes from all different sectors. Whatever it is, i do not think the Energy stocks alone is strong enough to cause the break of 2009 uptrend line Now, going back to Sept 2008, upon breaking the neckline, price just collapse. WE have the same situation AGAIN! i pray that the price will not break the current neckline! And the best part is: the Oct 2007 top, when extended like i shown, becomes the neckline of current H&S!!
AMEX:EFA
by jangseohee
3