The RKT (Rocket Companies) short swing trade has hit the forth price target zone (T4 zone) for a 31% profit with the odds for a reaction elevated at this time. Consider booking partial or full profits and/or lowering stops if holding out for T5. Previous & updated daily charts below.
RKT daily Sept 19th
RKT daily Oct 21st
RKT daily Nov 8th
RKT daily Nov 13th
Likewise, the sister short swing trade also entered on Sept 19th, UWMC (UWM Holdings Corp) has just hit the third price target (T3) for a 30% profit with the odds for a reaction also elevated at this time.Consider booking partial or full profits and/or lowering stops if holding out for T4. Previous & updated daily charts below.
UWMC daily Sept 19th
UWMC daily Oct 4th
UWMC daily Oct 23rd
UWMC daily Nov 13th
Not much else to update with the market trading flat most of the day although a few things worth noting:
- PYPL is currently approaching the 2nd price target
- /GC (gold futures) is still testing (holding support) the key uptrend line (highlighted in yesterday’s video). GDX also continues to consolidate on (test) that 36 price target/support
- /NG natural gas futures & UNG (nat gas ETN) continues to push up against & consolidate just below the price targets/resistance levels that were recently hit with the next buy signal to come on a solid break above