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 in the energy sector:
- Long the BetaShares Uranium ETF (URNM) at $7.50 with stops at $8.40 – Uranium equities.
- Long Woodside Energy Ltd (WDS) at $23.05 with stops at $24.90 – Take profit this morning at $26.50 or better
*NB stops have been raised in the URNM position.
We have one open Trade Idea which may get filled this week:
- Trade Idea: Buy the iShares Large-Cap China ETF (IZZ) at $53 with stops at $49.80 – 6% risk.
