TRADING TIPS

UAA New Price Targets

Hubert Senters here.

Let’s take a look at UAA, Under Armour Incorporated. Nice two day breakout. Probably going to take out this high around $26.

Let’s take a look at the rest of it and see how it’s been doing. It’s doing fairly well unlike some other stuff in the markets.

Overall, so here’s going to be a better target for us. If it can keep on this trajectory in this slope of attack around $27.32.

And then if it can clear that. The only problem is the markets right now so you got to be careful.

So $27 and then the next targets will be $30 to $35. UAA, that’s on a weekly chart and then on a daily chart back and back up here.

Overall, it looks pretty stout. You can see the ADX is about to go trending and you got a nice little pop over the past two days.

I was doing a webinar today and somebody’s asking me if you think it’s going to roll over and you’re doing The Mother Of All Bubbles why are you talking about long stuff?

It’s a good question. It’s a good point. But those people relate more to swing long trades than they do short trades so that’s why.

And then there’s still some really good trades out there. You just have to be picky like you can’t just put anything because now you to be a good stock period.

You can’t just throw a dart and say hope everything goes up. That version or that mode of the market is over.

We’re going to go into a different mode. It’s either it’s going to go sideways or it’s going to sideways and roll over or it’s going to go sideways, roll over pick up and then sell off like crazy.

I think we’re going to retrace anywhere from 13 to 30 percent and we could potentially even retrace a 50 percent from the lows.

So I think it’s what we’re going to do. I think overall the markets is going to go higher but I like to play both directions so I play both directions so I can double dip. You might want to try it too.

So I’m going to do a special webinar on The Mother Of All Bubbles Saturday, August 7th at 10AM EST.

First name, email address, mobile telephone number and I’ll see you on the webinar Saturday at 10 AM EST.

Hubert.

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