After the broad-based weakness in global markets this week, this is a good time to close your position in FXP. Although not as strong as it could have been, it has been a solid trade — with the ETF up 15.65% and the options up 29.84%.
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The markets had another rough day on Friday, when the drop in the U.S market wiped out almost all of the week's gains in a single day. With Asian markets tumbling overnight last night, it's likely to be a slow start to this week, as well. Your Global Bull Market Alert portfolio, however, has held up well in these tough market conditions.
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