TraderJR (@TraderJR23) profile picture

TraderJR

@TraderJR23

RE Investor, Options/commodities trader, and avid follower of financial markets. Not investment advice, do your own DD. Twitter is my financial diary.

Joined April 2019
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Photo by TraderJR (@TraderJR23)
1) With everyone bullish #uranium (myself included) with the news about Kazakhstan, maybe the markets has other plans to throw specs off? $URNM and other equities started the year gap up. Save some powder because this large gap will get filled
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2) This will also turn specs bearish and fix the technicals. Also over the summer $URNM initially bottomed on 7/19 and then had a lower low on 8/19. If URMM bottomed on 12/30, it would be reasonable to expect a lower low late Jan-early Feb.
Very well could be the reversal in #uranium I was looking for. Large down move to start the week while reversing as the day goes on. I bought a tranch of equities this morning.
!MCOSIRSPX(the SPX equivalent of $NYMO) closed at -105 which is the lowest level since March 2020. If this is the start of another crash it can obviously get more oversold, otherwise the odds for a low here(even if it's only a bounce low) are high.
Image from CyclesFan (@CyclesFan)
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The next 2-3 weeks should turn out to be great buying opportunities for #uranium equities. Be patient and scale in realizing you're never going to catch the exact bottom. It won't matter in several months anyways #UUUU #URG #DNN
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The most significant role model, a boy, will ever have is his father. Eight lessons every father should teach his son. (A Thread) 👇🏽
Image from VJ | Stoic Wealth 🖋📜 (@StoicWealth_)
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I'm probably early, but the #uranium stocks correction looks to be closer to complete pricewise. Will save some powder for lower levels. Correction could go on, but good value is there. Bought more $UUUU and $URNM
My #uranium correction call came to fruition sooner than expected. Only 10 points from 50 day moving average on $URNM. Undercutting the 50 day marginally around $68 will close gaps on August sector rocket launch.
Very bullish long term on #uranium equities, but healthy markets don't go up in a straight line. I am looking for a correction in the next month to test the 50 day moving averages on $URG, $URNM, $UUUU.
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Dr. Stoxx (@DrStoxx) profile picture
Dr. Stoxx
@DrStoxx17 Aug 2021
$KWEB $BABA $BIDU: potential reversal at the lower LinReg channel with bullish divergence building in.
Image from Dr. Stoxx (@DrStoxx)
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#uranium Looking lower, but still buying $DNN, $UUUU, $UEC, and $URG this morning. No one ever catches the exact bottom so it's best to layer in when closing in on price targets.
Does anyone know of any good #uranium sentiment indicators?
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#uranium correction looks almost complete, but still needs more forced selling. After 300% gains across sector, a 40% correction seems in line. This also lines up perfectly with tagging 200 dma on $DNN $UUUU $NXE
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Christmas came early and it's time to start backing up the truck! #GDX #GDXJ #SILJ
To say this precious metals correction has been brutal is an understatement. But after such a strong impulse wave, we should not have expected any different. There is light at the end of the tunnel and this correction is going to end soon. #GDX #GOLD #SILJ
schrts.co/tkVehtfQ $GOLD closing gap on October 6th today and then next week should start the capitulation leading to a waterfall decline and the ultimate bottom of this cycle.
#USD bounced off the 50DMA perfectly and is taking aim at 95.50-96 Level. 200DMA is declining, now at 96.96. Dollar benefitting from uncertainty and putting pressure on #GOLD. We still haven't seen the bottom, but this churning is wearing out both Precious metal bulls and bears.
9/23 looked like the start of the bloodbath phase in the #GOLD sector, but it looks like it has been interrupted. Sold all positions in #GDXJ and #SILJ that were bought on 9/23 this am. We need true capitulation selling to mark the bottom for the sector.
Yields on 30-year Treasuries are falling the most in two months today. They're acting as expected in a risk-off market. How much can yields fall before the narrative of low-yields-supporting-high-stock-valuations kicks back in? Or has the mood started to shift away from that..
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schrts.co/NRHWruPf Continuing to dollar cost average into #uranium and #GOLD. #USD looks to have formed a base and should tag the 200DMA (now 97.15) around 96. Dollar strength will temporarily pressure stocks and commodities and force the Fed/Congress to act. Buy the dip!
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