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Charts for the day.Trade #10 SEK/CRZ. Seek and Carsales are really two departments of the old newspaper "rivers of gold" and this pair had good correlation and has been a good performer. CRZ is getting close to all-time high at $5.87, seemingly unaffected by the recent correction, while SEK is off 15% since May but sitting on a decent support ~$6.4. Both companies trade on similar PE multiple. Full mean reversion ~9% but anything above 6% will do.[ATTACH]47359[/ATTACH]Trade #11 CPA/WRT. I have traded both CPA and WRT before so the same "lean-on ex-div REIT" strategy applies here. WRT looks poised to move down from recent highs but CPA's chart isn't looking too bullish either. Both closing on the low today so the trade's profit will depend on the speed of fall of each share. Full profit potential is ~4.5%.[ATTACH]47358[/ATTACH]
Charts for the day.
Trade #10 SEK/CRZ. Seek and Carsales are really two departments of the old newspaper "rivers of gold" and this pair had good correlation and has been a good performer. CRZ is getting close to all-time high at $5.87, seemingly unaffected by the recent correction, while SEK is off 15% since May but sitting on a decent support ~$6.4. Both companies trade on similar PE multiple. Full mean reversion ~9% but anything above 6% will do.
[ATTACH]47359[/ATTACH]
Trade #11 CPA/WRT. I have traded both CPA and WRT before so the same "lean-on ex-div REIT" strategy applies here. WRT looks poised to move down from recent highs but CPA's chart isn't looking too bullish either. Both closing on the low today so the trade's profit will depend on the speed of fall of each share. Full profit potential is ~4.5%.
[ATTACH]47358[/ATTACH]
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