GTR Weekly Report, page-3

Weekly Review U Stocks - 22nd Apr 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 other U stocks. This is the reason I include a number of other U Stocks in my analysis.

Please note that all my analysis are from a trading perspective looking at short-term view.

As mentioned few weeks back, have changed the format, removed lot of commentary and now share my weekly diary - 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
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This week I have included 4 new stocks in the list - ACB, EPM. OKR and SLX. So my list now contains 19 ASX U stocks.

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Some Highlights to keep in mind:

• Both ASX and U macro are in negative sentiment territory. My plans could change accordingly during the week if I see more softness
• U Future dropped $5.15 to finish at $56.60. So firstly it has fallen below the psychological $60. Secondly, $55 is a real test and I am hoping it does not fall below that. Only time we had more than $10 fall in U Futures was in first run when it dropped from $50+ to $38. Rest of the time t was less, 7, 5 or less. This drop is already now nearly $8. Real test coming.
• For GTR, if there is decline, 2-2.1 is key
• As I wrote on Friday, the Thursday sell of US stocks may not be just one off panic sell, I wrote expect US U stocks to waver around and try to find bottom. It declined more on Friday and is still trying to find the bottom.
• As I wrote on Friday, I said we are lucky that we have Monday off, as with further decline of US U stocks on Friday, Monday could have been nasty. Lets see what Monday US do.
• Another macro factor which is making its head is Inflation/Recession/Bear etc. U cannot be totally immune to that - something to keep in mind, depending on individual's risk appetite
• Weekly drop was nearly 10% - one of the very bad weeks of the year

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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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