MTM Weekly Report, page-4

Weekly Review REE Stocks - 12th May 2023

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. I do hold a number of REE stocks and like to trade. This is the reason I include a number of REE Stocks in my analysis.

Please note:
This is no reflection of all AU REE stocks as I have only included those that I am interested. In my list are shares that I hold, held before or planning to buy in near future. Since this is my list, I may have missed some good stocks. The averages are simple averages and not weighted averages. So the average don't reflect AU REE average. This is just for my tracking and analysis.
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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 list contains 26 REE related stocks and no new additions this week.
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How are we going in 2023 - General Markets - continuing the theme:

• SP 500 is now playing around the 4100 mark for nearly 7 weeks with no clear strong direction to go either way
• Going up 4200 is key, going down 4050 is key
• Will leave it here as going sideways, so rest is same as I wrote last weekly report, so anyone interested can read there

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What will happen next week - General Markets:

• Monday should be a sideways to slight green, ASX may wait for US markets to provide further direction. On Friday resource stocks were very slightly in green
• I don't think there is any major economic data next week that can change markets in a big way
• So what may change in a big way? Some economic new, like some big bank failure, etc
• General markets may just run sideways. Technicals could drive market
• Seasonally May is not good month for stocks in US - (sell in May and go away). We have not seen anything like that in first two weeks. Something to keep an eye from general market perspective

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Personally: My situation did change from last few weeks what I am writing. I have picked up a lot of stocks this week, especially early in the week and some end of previous week. Still holding and watching. I will continue to hold unless I see a very evident trend range or markets dropping. Many bears are still calling that we may top here, but as long as we can hold here, I think we will be fine. Alternative some sectors could hold even though general markets are dropping. But I am still cautious and not fully convinced of a full bull run at this stage - this coming week should provide more direction. There are some signs of topping so watching closely. But risk/reward has been improving so makes sense to hold and take risk - but that's just my view, please dyor.
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Stock/Sector specific Info:

• MTM was 15% up for the week after gaining 10% previous week. Before that it had gained 29%. So it is in a strong uptrend and very good 3 weeks
• MTM is up 147% for the year
• The REE sectors stocks I track is up 25% across 26 stocks for the year
• This week there was gain of 6% across 26 stocks, last week 2% gain - so sector is in an uptrend. Though this number is skewed by big increase in VSR. If we remove that, rest 25 stocks only had 1% gain.
• 4 stocks did a new 52 week high this week - LIN, ENR, VSR, WA1
• Although 5 stocks have gained over 100% for the year, 15 of the 26 stocks are red for the year - so all is not rosy and only specific stocks are doing well. Last week there were 3 stocks with 100% gain
• The trend is clear - stocks doing well are doing better but other stocks are not able to catch up - a cue for people where to put their money
• MTM has a very good chance to start finishing in 20s and doing a new 52 week high above 22 this week - who knows, it can start on Monday
• I feel there is very good chance that 19 may form a good support if sp falls/consolidates a bit. But I feel 20s trading is high on cards and not falling below 20 - but please dyor as markets are volatile
• Any announcement can have an effect of sp - both up and down
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Here is the Figures for the Week:
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