AZL Weekly Report, page-146

Weekly Review Li Stocks - 9th Dec 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. I do hold a number of Li stocks and like to trade. This is the reason I include a number of Li Stocks in my analysis.

Please note:
This is no reflection of all AU Li stocks as I have only included those that I am interested. In my list are shares that I hold, held before or planning to buy in near future. Since this is my list, I may have missed some good stocks. The averages are simple averages and not weighted averages. So the average don't reflect AU Li average. This is just for my tracking and analysis. I have both ASX and US stocks in two separate figures.

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Please note that all my analysis are from a trading perspective looking at short-term view.
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There are no new additions this week, so my stock list contain 54 stocks.
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I was away this weekend so very little analysis and no Diary - should be back next week
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Overall for this week - General Markets - SP 500 -

The Bear Case:

• The fall from SP 500 levels of 4080 now is third time we are falling from trend line. We fell in May/August and looks again now. So number of analysts calling that we will fall, they are right till now. We have fallen around 4%.
• We are most aligned with 2008 charts. This is signalling a big drop towards 3100 to 3400
• Many believe final bottom is not reached until VIX capitulates (numbers higher than 45). We have not seen that this year. Many believe it has to come.
• Although possibility of gaining 4230 level and overcome the bear market is still possible, probability has decreased for the short term

The Bull Case:

• We need to get to 4050 level to regain 200 day moving average
• Next reach 4230 and cross - this may signal a bull market rally

Key Data this week:

• CPI on Tuesday and Interest Rate decision on Wednesday along with Powell - All short term direction will come from here

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.Personally: Last week I was 20% cash and things had looked up. This week overall a bearish trend has developed. This week I am 25% cash. I did buy some more but eased mostly at break even when things were not looking certain. At this stage I will be reluctant to add to my positions unless I see a rebounce. This is the time I feel is to wait for confirmation before adding more.
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Here is the Figures for the Week:
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Figures for US Li stocks:
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.Rise from June Bottom:
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