LOT Chart, page-347

Playing the macro.

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From a weekly perspective, aa small drop from 22 to 21. Volume usual.

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So what is happening? To me it seems to be playing the macro. And U macro is playing weak. There was a good announcement, but U macro currently is overpowering any individual stock news. So we go with the flow. Overall U macro is playing weak. As I wrote last week, CCJ needs to hold 39A/40 level. It lost that this week. The final number is around 35. If it loses that, long winter for U stocks.

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Personally no play for me this week. The price had come down, but as I wrote last week, LOTR is already my biggest U stock holding. So I added elsewhere, not here. As I wrote last week my average currently 21. So we are on the button.

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So what may happen next week? All depends on U macro. All depends on CCJ. We don't know. Overall U macro is not bad. But a lot more people have to believe it. CCJ has to get over 40. Spot price above 80. Let's hope it plays out that way. Enjoy your weekend and all the best.