iShares Tech Europe: 2 targets hit, stop above breakeven

The European tech ETF is at week 7 of a buy signal, with 2 of the 3 statistical targets of our most advanced model already hit — at weeks 5 and 6 respectively. The trade is up 14% and the stop is well above breakeven: risk on the position is largely covered. The next management window falls this week, at week 8, with a 20% reduction suggested by the backtest.