Rare earth (and other commodity metals) are going crazy in an otherwise uncertain market. USAR has already made \~105% in less than a month. Alongside USAR, there is UUUU, NB, AREC and UAMY are all in similar positions and exciting to watch unfold. I have entered USAR somewhat late at \~$25 on an EOD stop buy order. I’m aware I have missed the “setup” so my SL is further than normal, however I expect further accumulation here after a potential for some chop (and possible position increase) in the meantime.
RKLB and ASTS, both space tech with incredibly high RS relative to the broader market seem to have eased off slightly, to which I believe to be another big move. I have entered RKLB at \~$90 on an EOD stop buy order after a pullback to the 20 and return to the 10. Unfortunately my order triggered on little volume. I do think there is growth potential here.
I will also mention Cryptocurrency, after a long \~50 day downtrend of 30%-50% the leading coins (BTC, ETH) have formed their fourth higher low since the downtrend. Speculation in the community is getting louder and I believe there may be opportunities for short term swings there as well.
Let me know your thoughts and how you’re currently approaching trading. 🤟