Trade ideas are provided as a guide only. Market Matters is not investing in these ideas as we do our other suite of portfolios available here. If trades are updated through the week, these updates will be advised in the morning note and will be flagged as an alert on the home page of the website. Separate emails or SMS messages will not be sent for Shawns Trade Ideas. The ideas are General in nature only.
- Existing positions and past trades can be found on the MM website.
There are currently two bullish open trade ideas across very different international markets:
- Long the iShares Large-Cap China ETF (IZZ) from $50, with stops at $53.25 – Chinese equities.
- Long the BetaShares Uranium ETF (URNM) at 7.50 with stops at $7.25 – Uranium equities.
- Long the VanEck Gold Miners ETF (GDX) at $70 with stops at 76.00 – Gold equities.
*Note stops have not been altered in any of these positions.
Shawn currently has one “resting bid” in the market, which has been tweaked higher as below:
- Trade Idea: Buy Pilbara (PLS) at $1.18, with a stop loss at $1.09 – an 8% risk.
