AGE WEEKLY REPORT, page-45

Weekly Review U Stocks - 10th Jun 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 there is no Diary. I am adjusting my portfolio due to two reasons - first and mainly around end of finance year and secondly volatility that is happening in the markets. So having a lot of changes in my portfolio - one planned (EOFY) and second unplanned (volatility). As this is specific to my situation, I thought I will hold on sharing that for now. Hopefully back soon.
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Something to keep in mind this week:

• Stocks are in constant decline after reaching new highs in April, though this week we gained
• After dropping for 4 weeks, next four weeks have been - +2%, -2%, +5%, -1% - so close to where we were 4 weeks back, but much behind where we were 8 weeks back
• 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 $52.40. Last week it was $50.70, so a gain of $1.70 for the week. We lost 45c on Friday though. So a healthy movement up towards $60 happening after falling to $46 level. The rise from $46 is important and significant, in the sense we are now doing higher lows. The stocks though have not moved along with the spot price rise.
• 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 13% now - sector has not done well till now. Only couple of stocks are in green for the year.
• 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 its not consistent
• The US markets dropped significantly on Friday and today also the futures are not looking great. Plus we may have to deal with EOFY sell. So we may have a soft week unless we decouple from general markets.
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Something Positive:

• We didn't lose much last week
• U Future moved from $50.70 to $52.40 - a gain of $1.70 this week. Last week we gained $2.85 for the week - very positive two weekly gains
• U Macros still very strong - industry moving forward without any significant negative news
• Mr Rule is buying - he is trader though and changes his words to change his trade - so if he can move markets up, could cause decline as well - so need to keep a watch
• EOFY sell should be decreasing as we have around 2.5 weeks, so its impact may be for another week or so
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Here is the Figures for the Week:
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