We're looking for follow through on yesterday's move, if we get it within (well this week), URRE will VERY likely have moved from Stage 1 (base/accumulation) to stage 2 (for trend traders, this is the easy money).
For those not long URRE, but considering it, "Mark-up" would be a great place to enter it, this is the meat of the cycle/trend, the top and bottom 10 or 20% are the hardest fought for pieces of the action, the 60-80% in the middle (Mark-up) is the easy money, so if we can confirm mark-up has begun, we look for the first pullback to get a better entry with lower risk and throw this one in the Trend Channel.
Is interest rates about to start going up?
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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
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