Although todays situation on chart of uranium etf shares is not positive, these shares offer nice option how to invest in commodities.
I like Uranium as commodity play. I think it is not possible to generate enough energy for our world without nuclear power plants. And this commodity could be boosted by big demand in future.
It is really good to have best stock charts setup to have ideal conditions for stock chart analysis. All is based on features of your stock analysis software. But if you use Amibroker, like me, then you have really a lot of options how to setup best stock charts on your computer.
China ETF, India ETF and Russia ETF are very popular international ETF . They were really hammered during last weeks. Recent movements only signalize possible prolonged weakness in emerging markets ETF.
I plan to trade these international exchange traded funds based on my ETF trading strategy. It tells me now to be careful and wait for good pullback to consider new short entries in these international ETF shares.
Today’s situation with commodity exchange traded funds is quite bearish.
But one of them is very different. It is agriculture ETF for Livestock Subindex – COW. It presents quite bullish price action. I plan to monitor it as I think that it can go up when we will see some pullback in commodity sector.
I mentioned few days ago that situation with commodity exchange traded funds looks very bad for bulls. It proved right and commodities declined a lot.
Precious metals ETFs were also hit and not only gold ETF or silver ETF. Also Platinum etf and Palladium etf declined a lot.
Current situation is not case to buy something in commodity area. I prefer to monitor situation and be in cash now.
My regular technical analysis routine shows me that commodity ETFs are not in bullish situation. Broad commodity ETF – DBC – stock chart analysis shows that it is on critical support level .
And several other ETFs like Agriculture ETFs or Base metals / copper ETF are already in bearish situation. I am looking for more shorts in commodity ETF area.
I have CERN in my bullish stock watch list and I monitor this stock closely. It is really leader of the market and is very strong based on relative strength analysis.
I plan to watch any decline to 50day moving average as possible buying opportunity with targets in new highs.
As stock market situation is turning bearish then it is practical to stop using stock trading strategy for bullish markets and use stock trading strategy for declining markets – downtrend. Do you have one ?
I utilized my stock screeners to find best stocks to buy now. It is hard to be long these days as my proprietary market indicator signalize that we entered bear market already.
But if you want to buy something these days, check for best stocks to buy now. Example of such stock could be CF.
I have noticed bearish stock chart pattern known as Island reversal on NFLX chart. This bearish stock chart pattern produce two gaps which act as strong resistance . NFLX was leader of last market advance. Now sits right on trendline. It is important to watch how it will act
It is too early to call a top in this NFLX trend, but situation starts to look less bullish. If you hold some NFLX, use trailing stop to lock you gains. It is important to manage your open trades.
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