Certus Trading Review: How To Trade Spain?
As you know, the Catalan people in Spain held a referendum a couple of weeks ago to determine whether the region should pursue independence from Spain. Long story short, the Spanish government didn’t like that and police fired rubber bullets at people who were heading to vote. Regardless of which political side you are on, it is a sad story when people and families get hurt.
Of course, the media outlets are having a field day with this.
Headlines I’ve been seeing include:
SPAIN IN CRISIS: Stock Market Crash Over Catalonia Chaos …
Marcon sparks FURY as he backs SPAIN in Catalonia …
Catalan leaders compare Spain to North Korea after referendum …
Spain on brink of CIVIL WAR …
Violent Catalan referendum jolts Spain’s financial markets …
and so on …
Scared you yet? And if you have investments in Spain, wouldn’t it be very worrisome? Will the EU fall apart? Everything reads doom and gloom in the news.
But looking deeper at the situation, we have to understand that the EU and the European Monetary Union heavily backs all countries in the region, including Spain of course. MOST importantly, the Spanish bond market has held up extremely well and there is no sign of any looming crisis.
This means the smart money managers are backing up the trucks and buying up Spain as I am writing this blog post. In fact, if you look at the Spain iShare ETF (Symbol EWP), they were bought on heavy volume over the past couple of weeks.
In today’s short video below, I will show you how I am taking a bullish stance with a simple low risk options trade to take advantage of the inevitable bounce in the Spanish market.
Enjoy!
Matt Choi CMT
Co-Author: The Winning Way
Certus Trading Review: How To Trade Spain?
Duration: 4 Minutes 0 Seconds
