Top ETFs of the Week (chart)

 Hey Trader, The market surged back above the 20 day EMA as both the Nasdaq and S&P 500 were up approximately +1.5%. This is why I tell you not to over emphasize every little move in the market (especially volatile ones). The market could shake you out which can cause even more mistakes. The last couple of weeks I have been talking about energy ETFs such as FCG and IEO. Well, this week I want to talk about Uranium. A couple of days ago Japan's PM said they were looking to not only get some nuclear power plants back online, but to build new ones. This is big news for the industry as uranium is now used to power commercial nuclear reactors. Is this a catalyst? Will more countries follow to be less dependent on fossil fuels? Focus on the chart. On Tuesday Sprott Uranium Miners (URNM) popped 14% in huge volume. URNM is slightly stronger than URA but they can both work. [SEE URNM CHART]( URNM also broke above the 200 Day SMA this week. Honestly, what is most impressive is the volume spikes that have been coming in the last couple of weeks. The technical set up looks impressive. Normally I would say this is not a good entry and it needs to pull back a bit. However, it might not pull back. It was such a powerful move I would be surprised if it filled the gap. You might just have to try to get this as close to the 200 day SMA as possible and see if it finds support. Trade with a PLAN!!! Sincerely, Steven Cawiezell support@thetradersplan.com  Disclosure:  You are responsible for your own trading decisions. ALWAYS, do your own research before investing in any of the above securities. This is not a solicitation to buy/sell ETFs or securities. NEVER invest money in ETFs or stocks that you can't afford to lose. You can lose all of your capital by trading any securities mentioned. These ETFs/securities are very volatile and gain and lose value quickly. We reserve the right to freely trade in any mentioned ETFs or securities. We are not compensated by any mentioned companies. We recommend ETFs and securities based on our opinion of intrinsic/possible future value only. We are not registered investment advisors, so always do you own research before buying any recommended securities. Sent to: {EMAIL} The Trader's Plan Publishing, Main Street, Russellville, Arkansas 72801, United States Don't want future emails? [Unsubscribe](