Welcome to Karpel’s Corner. This is where I throw out my thoughts on the markets and share some of my favorite strategies. I keep it market-focused, and never miss an opportunity to teach trading strategies and commentate on the latest trends affecting the financial markets. Hope you enjoy today’s post!
We like to look at what is lagging a market, and one segment is the Uranium ($URA), which at this point has been bouncing off support at $15.
We want to see a break above $20 on $URA to confirm upside breakout.
Other names in this space that are already on the move, most notably $CCJ and $DNN, which are 35 percent of the Uranium ETF $URA.
We can watch their peers to see if they are going to try to catch up.
Turning to the Precious Metals, $SLV and $GLD, have stalled. Specifically, silver has contracted. Take a look at a chart and add a 20 period Bollinger Band. Which means that $SLV is stuck in a ~$.80 range, a break above $20.25 or $19.75 to get us to think trend change is in play.
See you next time at the Corner!
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