Hubert Senters here.
Let’s take a look at follow-up question from Tom. he wants to see a follow-up on video on URI. Looks like you did one on November 2.
I’m just going to throw a chart up on URI and start talking about it. We’ve got a chart of URI. So there is the 2nd right there.
That is a two day buy signal. There’s a three day buy signal. You also have a bracket trade which it then went lower and then higher.
So it’s showing a little bit of gap tendencies and it’s right in the middle of the election chaos so I still like it to the long side.
I was probably talking about this thing and then it went higher. And then we’re saying ok, need to take calf off at that point.
And then it falls back. Nothing special. It’s either earenings or the election. It’s still in decent shape as long as it stays above $185.10 it’s decent with a target of $200.
Now, if it drops below the cloud down here like $170 then I would change my mind and start getting short mode. Hopefully that helps you out.
Andre Keene is going to be doing a webinar on My Favorite Strategy for Finding the Best Options Trades. He’s going to be discussing the following information. You can read faster than I can read it.
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Good luck. Hope it helps. See you on the next video.
Hubert.
