URA Surges on Reports of Presidential Push to Revive U.S. Nuclear Power

URA (Uranium ETF)-- On May 9, 2025, with URA trading at 27.15, I posted the WEEKLY Chart below) with the comment: URA is cooking!  Above 28.40, and it will be turbocharged... 

Fast-forward to this AM, we see URA has gapped up about 6.5% in reaction to the anticipated POTUS intervention into U.S. nuclear power generation:

President Trump was reported to be preparing to sign executive orders to jumpstart the nuclear energy industry. These orders aim to streamline regulatory approvals for new reactors, strengthen domestic fuel supply chains, and expedite construction processes. They may invoke Cold War-era authorities, such as the Defense Production Act, to address concerns over reliance on Russia and China for enriched uranium and nuclear fuel processing. The orders also direct federal agencies, including the Departments of Energy and Defense, to identify suitable lands and facilities for nuclear development and to use loan guarantees and direct financing to support reactor construction (GROK).

From my BIG Picture Weekly URA technical setup, the price structure has hurdled a 7-month resistance line in the vicinity of 28.40, and is poised for a run at multi-month resistance lodged from 31.80 to 34.00 that if (when) taken out, will point to 37.00-38.50.

Only a total give-back of today's gains and a CLOSE below 28.40 will neutralize my bullish technical setup... Last is 30.29/42...