Weekly Review U Stocks - 27th May 2022
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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.Something to keep in mind this week:
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- 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
.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
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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Last
4.5¢ |
Change
-0.002(4.26%) |
Mkt cap ! $174.1M |
Open | High | Low | Value | Volume |
4.8¢ | 4.8¢ | 4.5¢ | $306.2K | 6.675M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 2321544 | 4.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.6¢ | 183604 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 2314044 | 0.045 |
6 | 1733635 | 0.044 |
13 | 2016573 | 0.043 |
6 | 1659575 | 0.042 |
2 | 1524365 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.046 | 183604 | 5 |
0.047 | 1653610 | 5 |
0.048 | 1136291 | 6 |
0.049 | 1697132 | 6 |
0.050 | 589392 | 5 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
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