AGE WEEKLY REPORT, page-42

Weekly Review U Stocks - 27th May 2022

Here is the weekly review figures and charts that I do every week. It is useful only for those interested in trading or those who hold multiple shares and based on performance would like to keep re-balancing as we go. As I have disclosed earlier I do hold a number of U stocks. This is the reason I include a number of other U Stocks in my analysis. Also, ASX does not have an ETF fund, this provides some proxy for those interested.
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Please note that all my analysis are from a trading perspective looking at short-term view.
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I have also included my Diary - predictions, my holdings, my plans for the week. Caution around Diary - This is just my opinion/plan. Probability wise one person can be wrong many times, even all the time, so please use information accordingly. So for those who like leisurely reading, enjoy.

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Something to keep in mind this week:

• Stocks are in constant decline after reaching new highs in April
• After dropping for 4 weeks, last week we had modest gain of 2%. This week we are again on decline, losing 2%
• Many stocks have lost 40-50% from their recent highs. Its also true for US stocks. Many stocks have to rise around 50% from here to recent highs
• U Future has dropped from $64.50 to $47.85 on Friday. So those who use the price to look for boom/health, its not looking good. It dropped briefly into $46 range, slowly making its way up. Last week price was $47.80 - so 5c weekly gain
• The reason U Spot price is important because we don't have good demand/supply figures, so it acts as proxy. Supply/demand is the biggest factor that will drive the bull run and still we don't have good figures. Hence the volatility, the turbulence, big drops.
• For the year now, average decline is standing at 17% now - clearly the sector has not done well - till now
• Any special event/incident/catalyst can completely change the trading pattern - something to keep in mind
• Markets are still volatile. Individual risk appetite and expectation should drive trading. I am hoping for a recovery, may be sluggish in beginning
• There are some signs of decoupling from general market, but in steep decline I feel it won't hold - it may be good for small general market declines
• My Diary - its same as last week. The recovery which I was expecting didn't happen, but we didn't lose much as well. First week after long time, I had no U trades this week. So a lost week for most. Hence my Diary is same for next week - very hopeful I won't have to repeat my words

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.Something Positive:

• Although we had slight decline this week, DOW has done 6 days of green
• From Friday intra-day, to end of Friday, DOW has gained 10%. If that is not enough to give confidence, I am not sure what will. Do punters want another 10%?
• The market is sitting on a threshold. This is our best chance in nearly 2 months to make good gains this week.
• If for some reason stocks don't move this week or general market goes back to falling, I fear we will lose another few weeks. Reason being, it is very evident that it takes a while for confidence to come back.
• In most cases when recovery starts, stocks with bigger market caps start making recovery faster than small-mid caps. So initial if big stocks are moving, sentiment is changing, other stocks will follow soon
• If last week sentiment was low, bear/recession was predominant, suddenly I feel, even if bulls are not predominant, but at least equal now. Very good signs and opportunity
• DOW is closed on Monday, so ASX has 2 days of free will to play. Lets hope we see a good bounce
• For those who believe in recovery and a good bounce, time to load up on your favourite stocks. On average stocks may do a 30-50% rise in initial phase if we have a good recovery

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Here is the Figures for the Week:
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DIARY - Here are the predictions and my personal plan for the week.
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