THE WEEK AHEAD Ending June 10
After a week that saw the dollar retract (I called that) and Oil hit 120 (I definitely called that), while stocks fluctuated what can we expect ahead.
For the indices iam surprisingly bullish for the week, Oil - Bullish, Gold/Silver - Bullish.
What is there to be bearish on? - VIX, and I dont see VIX collapsing but slowly drifting down.
But don't take my word for it here are some charts.
Starting off with Uranium $Uranium (LIST2430.US)$
For the indices iam surprisingly bullish for the week, Oil - Bullish, Gold/Silver - Bullish.
What is there to be bearish on? - VIX, and I dont see VIX collapsing but slowly drifting down.
But don't take my word for it here are some charts.
Starting off with Uranium $Uranium (LIST2430.US)$
$Denison Mines (DNN.US)$ $Uranium Energy (UEC.US)$ $Energy Fuels (UUUU.US)$ generally all the uranium move in tandem.
The dollar $USD (USDindex.FX)$ I expect the dollar to continue to pull back, which should help indicies to rally.
Fertilizers/Potash (I did a post on this, but thought I would cross post a cheap stock) $ICL Group (ICL.US)$
precious metals will also see a rally, before returning to the downtrend. iam always buying physical but will play the rally. $Micro Silver Futures(MAR5) (SILmain.US)$ $iShares Silver Trust (SLV.US)$ $Sprott Physical Silver Trust (PSLV.US)$
Don't forget the Miners ![]()
started buying last week when it was in the 8's $MICROSECTORS GOLD MINERS 3X LEVERAGED ETN (GDXU.US)$
OIL OIL OIL OIL OIL OIL OIL
my Oil ETFs $SPDR S&P Oil & Gas Exploration & Production ETF (XOP.US)$ $VanEck Oil Services ETF (OIH.US)$ $Invesco Dynamic Energy Exploration &Production Etf (PXE.US)$
Remember when this was 250, 2 weeks ago???
Remember when this was 250, 2 weeks ago???
Fear $VIX Index Futures(DEC4) (VXmain.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $ProShares Ultra VIX Short-Term Futures ETF (UVXY.US)$ I still expect VIX to drift down to 25 or 22 best case scenario
I still expect a rally, I bought $ProShares UltraPro QQQ ETF (TQQQ.US)$ and oil stock options on all red days last week especially Friday.
Down the mountain,
Good Luck![]()
Down the mountain,
Good Luck
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江南公子 : yeah now I am reading
Albert Ck : @iamiam Hi iam, I refer to UUUU’s weekly chart u remarked, that its price may retrace back to near 3 from 7+ or 8 , Which is meant of big fall (50-60%). Will after that fall, then price will rebound towards 11s?
Thanks
iamiam OP Albert Ck : yes, I expect it to, but after the crash I will reevaluate to make sure... I have a major concern with the dollar which makes some commodities like uranium and steel hard to predict
Albert Ck iamiam OP : Can explain little about what is the potential problem and how does dollar affect the price downmove? Want to learn from you.
70840467 : @ iamiam you have NO AND I MEAN ZERO idea about what your doing.
iamiam OP Albert Ck : my problem is that the dollar wont be valued the same and may lose reserve currency.
Which would drop the value and make it only pegged to debt which would drop it even lower.
So as an example it may take 10 thousand dollars to buy uranium that doesnt mean the value has gone up just the dollar has gone down.
iamiam OP 70840467 : your first post on moomoo! congratulations your a verified idiot, no need to ever pay attention to you again, bye.
BruceLin8 : @iamiamQQQ came back 306. Can we still go up?
iamiam OP BruceLin8 : yes it has a couple weeks to finish its cycle.
BruceLin8 iamiam OP : End of June?
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