On August 7th I opened a MCP call which was closed I believe the next day for a gain and I decided (
mostly because of liquidity, but also because URRE can move on its own without a lot the need for leverage) to go with URRE long equity,
URRE was opened on a speculative basis, but I'll add to the position, still not a full size long, but more than a half-size position.
URRE looks to me, unlike MCP, to be moving in to stage 2 mark up, but like MCP it looks like a stock that has its own legs and doesn't depend on the market for gains, although there's always going to be a clear relationship between them.
The daily URRE chart says a lot when you consider most stocks were heavily accumulated at the 2009 lows, URRE was accumulated there, but it now looks so minimal because of the size of the current positive divergence in a beautiful basing pattern of quite some time, meaning the 3C signals as well as the base and size of base are all there to support a large upside move in URRE.
The 30 min chart looks good since its had time to settle and build off the last run up.
Pay attention to the accumulation dates on this 15 min chart.
The 10 min chart leading positive...
The 1 min is close to in line, but at 2 min look at the accumulation dates again, the same as the 15 min chart, the 7th, 9th and 11/12th.
This is the larger picture 5 min chart, it actually looks stronger here than it did just previous to the last launch.
The 5 min chart with accumulation on the 9th as well as 12/13th again.
I feel ok with adding a bit to this position here.
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