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  #1  
Old 06-17-2017,
AdrianneSu AdrianneSu is offline
 
Join Date: Feb 2017
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Default Uyg/ure

They both crossed the hourly MA(200). They are approaching the daily MA(50). I believe the market has bottomed and these 2 ETF's should go much higher. The real estate market has bottomed and anyone with extra cash should go out this weekend and buy real estate!
I bought half of my position of UYG today at $6.34. Waiting for a drop below $6 again to add to my position. Waiting for a pull back on URE below $6.70.
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  #2  
Old 06-17-2017,
AdrieneDuf AdrieneDuf is offline
 
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What is your reasoning behind a market bottom? (Just curious)
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  #3  
Old 06-18-2017,
aegoqadsauq aegoqadsauq is offline
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Join Date: May 2017
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But whether you agree or not it's a bottom, these two are setting up nicely!

Thanks for the heads up TCG, should be able to nab 10-15% on them, if not more if it moves up to the daily 50ma
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  #4  
Old 06-21-2017,
red red is offline
 
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Looking at a monthly chart, I see the MACD and RSI have hit bottom and are slightly moving up. DOW 7,449 was the low. Not to say we wouldn't have dips now and then, but I don't expect the market to test 7,449. All the bad news is already factored into the market. The Fed will stop at nothing to stimulate the economy!
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