For those long in URRE (this is another I think has good long term potential like UNG that is just getting ready to come out of a base), probabilities are high for a corrective pullback here, it's healthy, it's normal, you may or may not want to trade around it, I would rather just hold.
For those who may be interested in having some long term long positions, URRE's long term charts look fantastic, a pullback with verified accumulation in to the pullback (perhaps by next week
0, would be a gift of an entry.
For others, it would be a great "Add-To" area if you have room in your risk management.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
No comments:
Post a Comment