FXB Stop Raised, RKR Chart Update

 

Back in October we announced buying FXB, a long position on the British Pound (GBP) at what in hindsight we know was essentially the exact bottom. 

FXB closed this week at a 9.5-month high, and we're raising our stop from $99 to $119, which was is our entry price.

We're expecting the pound sterling to eventually reach and exceed pre-Brexit levels, which would mean FXB trading above $145


RKR (Rokmaster Resources) still looks like a good speculation. 

We last wrote about Rokmaster in early June, and we maintain that "Massive upside potential exists should positive attention come to the stock."


A pair of articles worth considering as the DJIA and S&P500 closed at new all-time highs this week while we remain longer-term bearish on stocks:

Used-Car ‘Time Bomb’ Expected to Drag on U.S. Auto Sales

Auto slowdown flashes caution lights for manufacturing employment — and Trump

 

 

 

 



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