URA Global X Uranium ETF

$URA Just sit tight for two major events: FOMC next week and midterms early next month. 😂 URA might take one last elevator ride down to $33–34 to shake out the remaining survivors before launching toward $50–55 by January. 🚀 First, maximum pain. Then, uranium champagne. 🥂☢ Not financial advice. Just uranium doing uranium things.

I added to my $URA holdings at $33.67. My average price now is now $24.04, as most of my shares were purchased in 2022. It’s become a rather long wait, but I think U is an excellent value just now. Although I may be getting a bit heavy into it now, the recent AI related downturn in U strikes me as nonsensical for long term holders.

$URA ... and the price reached the 50% fibo retracement ... good enough or we will need to test its monthly SMA50 around $31 ?? ( btw, its weekly SMA200 is around that level too ) ...

$URA I see another 10-15% of potential downside until we bounce at this volume shelf and prior high pivot from 2021. $LEU $SMR $OKLO $CCJ

$URA Yes. Let's risk off of *checks notes* one of the most important natural resources we currently know of in existence, which is feeding an insatiable growing lust for energy that no other material can fulfill. Okay, I guess I'm adding?

Looking at $URA and $UEC, apparently uranium is no longer a commodity… it’s a charity project.

$URA My average is in the low 50s, but I’m staying bullish and gradually increasing my exposure. The $36.5–37 zone looks like a key support area. If it holds, this pullback may simply be shaking out weak hands before the next move higher.

Seeing some action in $URA with about 10,000 Dec 18 $45 calls traded, mostly ask-side Notably, a 6,742-contract sweep at around $0.40 to $0.45 on InsiderFinance This is happening as URA tries to bounce back after an 8% drop last week Still down 8.1% over five days, even with today’s small +0.75% uptick It’s a tricky spot, any long positions now are definitely going against the current trend Watch that $45 strike into year-end for clues on any rebound attempts Paladin’s production drop adds to the mix, keeping things volatile Options with defined risk seem smarter here than big directional plays until we see more clarity

$URA Not what you wanna see after a breakout on massive volume...total reversal....this is a breakouts soup market.

The return of the electrification trade is enticing a bid in Uranium $URA stocks today, a group that we have been cautious on heading into their seasonally strong period. Double bottom patterns on the charts may require us to retract our negative view, a bias we had pegged against levels of resistance at 50-week moving averages. $CCJ bouncing strongly from the July low at $83; optimal holding period begins on October 14th. $UEC

FRIDAY NOON TAPE CHECK 👀 $URA has the standout print: $3.6M in the Jan 19 $35 puts. At capture, contract volume was 625.0x standing open interest. Chart check: daily chart through Oct 15: last close $36.12, below its 20 and 50 day averages, with RSI at 32. The 3 month range is $34.31 to $50.09. The tell comes after settlement. Today's volume can be opening, closing, or spread activity; the next settled open interest grades what remained.

Global X Uranium ETF 🔹 Up 4% off major support. Down 44% from highs with 71% upside back to those levels. $URA $OKLO $SPY $QQQ $IWM

$URA $URNJ $CCJ This gap has to fill. Spot uranium is holding steady. The disount to NAV in SPUT is around 12% and near the bottom of the range.

$URA has now swung 10% in 48 hours. And as far as I can tell, there's no particular catalyst. At least no negative catalyst. Bond yields, sure, but that was never a surprise. Is this just continued rotation into oil? Ideas?

THURSDAY MORNING FLOWBOARD 📋 $URA has the standout print: $933K in the Dec 18 $40 calls. At capture, contract volume was 15.9x standing open interest. Chart check: daily chart through Oct 7: last close $39.93, below its 20 and 50 day averages, with RSI at 41. The 3 month range is $37.18 to $50.09. The tell comes after settlement. Today's volume can be opening, closing, or spread activity; the next settled open interest grades what remained.