MLS Chart, page-153

And uncertainity leads to slight decline

Yes MLS remained flat to finish on 4.8c. Our volume was comparatively low, around 3.5m shares traded.

ASX Li stocks were also generally weak. Of the 43 stocks that I track, average decline was around 2%.

Overnight US Li stocks were also in decline. The ETF of LIT lost just 0.25% but other US Li stocks lost between 1 to 4%.

What next -

Yesterday again the US markets were indecisive. The indices were again going red and green. All indices finished slightly ahead in the green. But it was not a usual DOW jungle dance, much more subdued. Instead of 13000 point swing for DOW, it was a measly 430 points. Very uncharacteristic behaviour based on recent performance.

So the US markets did not really provide any direction. And in this indecision time, stocks move sideways, which leads to slight decline, and we got that.

ASX also started tamely with no clear direction. The whole day it was tame, so stocks were having slight declines. But something changed in last hour or so. Not very dramatic, but ASX finished strongly into the green, short of 1% gain. Not sure what that was. Other days it used to drop in closing times, after a while did some gain in the end. The tide is turning? We wish, nothing is certain during these times.

My day again started with the dilemma. What to do with my trading stocks that I was holding. I have 50% stocks which I am long and don't trade. Rest I had sold and was in cash till 2 days back, day trading mostly. After much thought I decided to hold for a third day. Reason I am hoping that we will not see a huge red in US markets that will tank. It can happen, but probability is lower. So if it doesn't tank, it could go sideways with slight decline or make a good gain. Lot of analysts telling not to buy, but there are some who feel we are close to bottom. Anyway, in addition to what I bought before today, I put in some more today. So it will be third day hold with more input.

What will happen tonight? Its still very unpredictable. So DOW and other indices have more or less held themselves for 2 days. Nasdaq has made over 2% gain this week. Tonight, 2 key data before market opens - US Employment change and Balance of Trade. That could provide some direction. Today Asian markets were quite strong. Cryptos are doing all right, Bitcoin well above 20k. Volatility index VIX has decreased 3%, so punters are not panicking. US Futures are very slight green at this stage, though history has told us it does not mean much. We have seen indices go into huge deep reds and then recovering. We have seen it go sideways. But we have not seen it go deep in the green pastures for some time. Will it happen tonight? Lets hope so. All the best.