ASX U stocks has a big inertia?..Yes, AGE lost 3 pips to finish...

ASX U stocks has a big inertia?.

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Yes, AGE lost 3 pips to finish on 5.5c. Our volume was comparatively small, just over 15m shares traded. We gained on higher volume, so its all right for now. Still playing in the 4.6/5.9 zone, need to break above 5.9, otherwise might just meander in this area.

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Yesterday night US markets were down. Many analysts were expecting a topping happening around 4600 on SP 500, and many punters playing safe. Most stocks were down. But not Uranium. Nearly all US U stocks had small to decent gains. Giving signs a nd hopes of decoupling in a positive way from general markets. But ASX U stocks seems to be in a deep slumber not ready to wake up. Most stocks had a slight decline. So instead of taking 1 step forward, we have done 1 back. Overall ASX stocks had a brutal day with many risk stocks in firing line. That sentiment also did not help.

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Personally, I am still maintaining the same level, though trading a few, trying to catch up and down and rotating. This is to keep me busy. The real game I am waiting for is when we have 30-50% rise. Not sure when that will happen, but have seen signs of bottoming, so its possible. I could be wrong though, so please dyor.

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So what may happen tomorrow? Depends on the sentiment, overnight US markets, and most importantly how US U stocks perform. They did well yesterday. But it looks like ASX U stocks may need more help from them if we have to start running. Will that happen? Lets hope so. All the best.