AGE WEEKLY REPORT, page-41

Weekly Review U Stocks - 20th 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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This week I have reverted back to 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
• This is the first week after a long time we are not in red. After having drops of 9%, 7%, 8% and now 13% - this week we gained 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 $47.80 on Friday. So those who use the price to look for boom/health, its not looking good
• 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 16% 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

.Something Positive:

• First weekly rise after a long time
• Last Friday I felt and wrote that we may have seen bottom. This week that thinking came true, somewhat luckily - nearly all stocks did not go below that point
• Although we may have some rough sessions, expectation is that for the week we should be ahead of where we were last week, hopefully - This is what I wrote last week and still feel so
• I have only done predictions for rise, decline - don't want to go there, again

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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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