Sell in May and go away.
While that old Wall Street saying doesn’t always hold true, our E-Wave cycle forecast models are signaling a top is imminent for several key markets, and there’s no time to wait for this month’s Real Wealth Report to make your move…
First, the dollar has pulled back about 5% from the January high, but now it’s poised to breakout for another leg higher against most other currencies, especially versus the euro.
The catalyst dead ahead is upcoming elections that will further polarize the European Union, sending the euro into another tailspin. This weekend is the French election, which is too close to call. Far-right candidate Marine Le Pen is on record saying “The euro has been a deadweight for prices, a deadweight for jobs, a deadweight for the competitiveness of our businesses…”
I couldn’t agree more … and regardless of Sunday’s outcome, the euro is toast. Elections are also upcoming in the U.K. in June and Germany later this year, so it’s just a matter of time before the euro breaks to the downside.
That’s why I recommend you add the ProShares UltraShort Euro (EUO) to your Real Wealth portfolio as shown below …
Second, U.S. stocks are extremely overextended and long overdue for a sharp correction, which could come at any time. There are dozens of catalysts that could trigger this selloff: Europe, North Korea, Syria, trade tensions, you name it. Not to mention the foolishness out of Washington D.C. with a potential government shutdown looming.
That’s why I also recommend you that you aim to profit from this correction with the ProShares Short QQQ (PSQ), which is designed to rise $1 in value for each $1 drop in the overinflated Nasdaq 100 Index.
Here’s what to do right away …
1. Using 10% of the funds you have available for recommendations in the Speculator section of my Real Wealth Report, buy the ProShares UltraShort Euro (EUO) at market, and
2. Using 10% of the funds you have available for recommendations in the Speculator section of my Real Wealth Report, buy the ProShares Short QQQ (PSQ) at market.
Get these trades placed with your broker right away, and continue to hold all other positions. And rest assured, my team and I will be monitoring stops for you on both EUO and PSQ.
Good investing,
Mike Burnick