New Short-Term Trade - UWM

Click on Chart to Enlarge

The short-term models for trades are oversold and seem to be finding some buying interest. The hourly technicals are more oversold than any time since November. While I still maintain that this market is topping, this looks like a good short-term bullish opportunity. The chart above is UWM which is a Russell 2000 2x bull fund, and this will be the trading vehicle for this trade.

New Trade:

Buy UWM today with a market order. Current price is 28.75 which is the blog entry price. Place a GTC sell stop at 28.13 immediately after entry.


For detailed info to follow this weekend.