Though not into hype or chest beating (except when about to grab a jungle vine and swing with Jane) the euro trade deserves to be recalled. We bought UUP which is a way to play it — more or less like taking a shower in a raincoat. Had this been done in the FX markets ….
Stopping this market is like stopping a moving train. Probably the best way for the general investor is dropping the stop to 2% over each new high as it is made. If you were into real time then setting Basing Points on hourly bars with a 2% filter would be a fun thing to do. If agile and staring at the screen you might even do a tighter stop than that.
Of theoretical and academic interest, note the clean out or flushing action — the bull trap at the top. Pretty clever.