LOT Chart, page-655

Weekly data and thoughts.
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Please note that all my views are for short-term only, and I could be wrong, so please dyor.
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.Please note that I am on holidays for next 3 weeks, in a different time zone as well, so may not have weekly updates. But will try to post something, not sure about the figures..
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.Uranium Sector Overview -
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From a weekly perspective, LOT had a big drop, moved from 16.5 to 15. So in 2 week moved from 20 to 15. Before that, moved from 17 to 20 in one week. That's why I call it hot an cold stock. More weak in bad times, stronger in good times. I like it because I play swing trades. Did play out again this week, still holding the same, but got my average down to 15 from 16 last week, right where we finished. Lets see what's in store.
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Lets look at 3 key indicators that provide market direction for short term, same as I have been doing for last few weeks -
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• CCJ - Lost around 5% for the week, with tonight's crucial play whether 40 hold to come
• BOE/PDN - huge drop - BOE lost 6% and PDN 16% - BOE did comparatively well, but worst 2 weeks for PDN from memory of last 4 years
• Spot Futures - gain around 1% - Moved from 64.35 to 65.15 this week, so back to previous week leve

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So what are the numbers telling? As we all know global stocks are getting hammered by Trump Tariff. U stocks not immune to it. I have been talking about some patterns etc which was giving hope that we may have had made a low (CCJ low of 39.31 early March). But a black swan even like Trump action brings another perspective. An unpredictable one. So we may have to take things now one day at a time, one week at a time, and to evaluate if one wants to hold, buy or fold.

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Personally, Last week i mentioned I had bought two thirds of mostly what I had sold in the semi-euphoria we had. This week I have not added but rotated a few and traded a few. Selling and buying, trying to reduce average. This works well when prices are going down, not when going up. So partially worked for me. Especially rotation. Some days some U stocks do well, where as others weak. I sell strength ones and buy weak, on a daily basis. I am still down in my new buys but am within 5/10%, so lets see. Overall, at this stage when all talk is about recession etc, very gloomy days, it is very difficult to have a positive outlook. There are 2 things why I am still optimistic. First, as I have written before, I expect U sector/stocks to reach their peak of this cycle closer towards end of May. So we have time. Secondly, CCJ is trying to hold 40. It has held till now. But I know I don't make the market. So best strategy is to follow market, follow price action, rather than assume. I will play accordingly.
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So what may happen next week? One thing I have been repeatedly writing - CCJ needs to hold 40. A small incursion down, or a small play for couple of days is fine, but has to come back immediately. Till now it has. Not sure though whether it may next week. 40 is important, reason being, if we lose that, CCJ may play around 35 level, which it has done as lows in last couple of years. It will drag down most other U stocks. So very critical times coming up. Global market play will also have a say. We could have very volatile and turbulent days, or weeks, or months, maybe years. I still remember June 2022 when everything started collapsing.
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.One thing I learnt from June 2022 is that these situations can happen again. Best to get out early, rather than late. When it comes back, one may miss some initial part, but the risk is much lower. In downturns, its not about maximising the gains, but minimising the losses..

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Here is the Figures for the Week:.
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