The nuclear trade got crowded fast. Every AI-power headline brought in a new wave of buyers, and by January it had become consensus. Then the consolidations started to turn into distribution and the equities started rolling over.
The tourists are trapped. Today's standout is one of the cleanest ways to lean short on the unwind:
The Uranium ETF $URA is currently exhibiting a long-term squeeze score of 95.5.
Here’s what the chart looks like:
The URA is rolling over from a multi-month top, with price now trading below the VWAP anchored to the April lows.
Volatility on the Weekly Strazza Indicator is already beginning to expand off an extreme low, signaling the next directional move may be underway.
A failure to reclaim the April lows VWAP keeps the pressure to the downside.
