VUKE Daily - Lightening position here Taking some profits here as we hit resistance. Will looking to start accumulating again if/when we re-test 31. I was overweight the ETF ahead of the divi so happy to go slightly underweight here
VUKE/N trade ideas
VUKE Daily - Tomorrow LDT for juicy 46p diviTomorrow is the LDT for a 46p divi = 1.46% simple divi yield off current price. Also appears as though the ETF has formed a triple top - but as the saying goes "no such thing as a triple top". I am hoping we power through to resistance around 33. I had been averaging into my ISAs and SIPPs the for past few days in anticipation of the dividend and next leg higher.
VUKE Daily - Back to red lateral support?In hindsight I went underweight too soon on my ISA holdings, but still hoping we go back to the red support to start accumulating again.
VUKE Daily - trimmed back to u/weight waiting for better levelsI had used the green accumulation zone to add to my positions - after a successful run I have taken profit on the majority of holdings leaving me net underweight. I am hoping for a dip back to the red zone where I will look to start re-entering.
VUKE Daily - Dips back into green accumulation zoneAfter taking some profits at the red resistance zone a couple of weeks ago, I will use the current pullback to green zone to starting accumulating again into my ISAs and SIPPs. I would really like to see this ETF touch the 32 region over time.
VUKE Daily - Breaking higher but testing NB lateral resistanceI started scaling back in and increasing my weighting around 29 (green box) in the hope we would get the break higher we seeing now. Yesterday we saw the VHYL ETF be the first to break higher and VUKE appears to be following suit. Red lateral resistance is quite significant and I wouldn't be too surprised to see the ETF pause a bit at this level, consolidate, before powering higher. I have been adding and trimming continuously to this position (see comments on prior chart). I am happy to take profit on 25% of my holding here (given the resistance), and will look to re-add
FTSE 100 symmetrical triangle?Still learning to analyse stocks so i would love to read your thoughts but I believe a symmetrical triangle is forming on the UK 100 index.
I will wait for price to drop back to 29.110 before buying this ETF for the best possible entry with expected return of around 13% or if price closes to signal breakout to the upside (although I don't expect this to happen just yet).
I dont claim to be an expert and am currently learning
VUKE Daily - VERY slowly averaging back inThis morning we got the gap close we have been waiting for. Using this as an opportunity to slowly start averaging back in (ISA & SIPP portfolios) as I am very underweight (current 21% vs. circ 70% total equities target). Suspect/hoping we still get better levels, but happy to start ticking away here after going underweight early last week.
Long FTSE 100 for the next 6 monthsIdea: Long FTSE 100 for the next 6 months
Rationale:
On the technical side, 50 Moving Average (MA) has crossed its 200 MA. This is a strong bullish signal called Golden Cross
On the fundamental side, FTSE 100 companies generate more than 75% of their revenue outside the UK. The index includes many companies in the financial and energy sectors which are cyclical and may recover if there is a shift from growth to value.
On the valuation front, the UK stocks are relative cheap to the rest of the MSCI World and trade at a discount. Currently FTSE 100 is 20% below the pre-pandemic levels.
Risk: Brexit no-deal and fall in the British pound (albeit this could be offset by making UK exports cheaper and boost stocks)
I would play this tactical idea in two ways depending on the risk aversion:
1. Buy a call option on the FTSE 100 with an out of the money strike 7300, expiry 18 June 2021
2. Buy an ETF which replicates the FTSE 100
Time will tell
Matteo
