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 uncorrelated commodity/equity markets:
- Long the BetaShares Uranium ETF (URNM) at 7.50 with stops at $7.60 – Uranium equities.
- Long the VanEck Gold Miners ETF (GDX) at $70 with stops at 79.00 – Gold equities.
*Note stops have been raised in both of these positions.
Shawn currently had one “resting bid” in the market, which has now been cancelled:
- Trade Idea: Buy South32 (S32) at $2.45 with stops at $2.30 – Cancelled.
