Comments on: JO & /KC (Coffee ETN & futures) Update

By: becky

becky — Fri, 17 Jul 2020 17:18:50 +0000

In reply to becky. Cheaper solution (UEC) is pumping too. I think it has quite some upside given that it was at $1.20 in May. In a haste, I bought at resistance as a smart cookie. But nonetheless good volume.

By: becky

becky — Fri, 17 Jul 2020 17:14:19 +0000

In reply to becky.

UUUU is at resistance now. It happened fast. I have entered half position in the morning and then the other half on a break above $1.65. Up about 6% by now, but the daily chart and the previous high was at 2.35 which I assume was due to a short squeeze, however as it seems the whole sector is pumping. The spot for uranium is still at ~$32 so I don’t know why such a sudden bump. The spot price for uranium can be checked here https://www.uxc.com/p/prices/UxCPrices.aspx (sign up required)

Not sure if it’s too late to enter this trade though. Maybe on a break above resistance.

By: becky

becky — Fri, 17 Jul 2020 16:44:54 +0000

In reply to becky. Decent action in uranium miners. I think UEC got quite a bit of upside (about 20% till May highs)

By: becky

becky — Fri, 17 Jul 2020 15:11:30 +0000

Jumped off the SNES ship upon hitting the 1st target. Quite overbought by now. I'd look into buying on a pullback. A lot of action today. @rsotc any suggestions for a re-entry on SNES?

By: TJS

TJS — Fri, 17 Jul 2020 14:55:03 +0000

On the plus side. I am drinking coffee every morning, trying my best to help push this trade up up and up.
On the negative side. I am in this trade, which usually means it will under perform or go negative. My apologies to everyone else in the trade.

By: becky

becky — Fri, 17 Jul 2020 14:36:11 +0000

It looks like CCJ and UUUU get an uptick lately, both from uranium sector. CCJ is particularly bullish after 2 months of consolidation.