Weekly Review REE Stocks - 26th May 2023Here is the weekly...

Weekly Review REE Stocks - 26th 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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I was away this week and hence not able to do my daily reports. I will return back to daily reports shortly..
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This list contains 26 REE related stocks and no new additions this week.
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Start Performers of This Year across some sectors

• This week a focus on Stocks that are doing well across stocks that I track and report - Lithium, Uranium and REE. Just stocks that I track. There may be other stocks in this sector doing much better. Also in ASX a lot of other ASX stocks may be doing much better. So please take that into consideration
• I know many people are long, either in sector, or even on 1 stock. So this is not relevant to them. This is for those who like to spread their portfolio.
• Why these stocks? My experience shows that stocks doing well continue to do well. no guarantee but possibly a better return than random stocks. Again, just my feel, I could be wrong, so please dyor.
• The opposite view is that these stocks have already had a good run. So better to go for those who haven't or do bottom picking
• I know many people are long, either in sector, or even on 1 stock. So this is not relevant to them. This is for those who like to spread their portfolio.
• Why these stocks? My experience shows that stocks doing well continue to do well. no guarantee but possibly a better return than random stocks. Again, just my feel, I could be wrong, so please dyor.
• The opposite view is that these stocks have already had a good run. So better to go for those who haven't or do bottom picking
• I have taken a 50% gain cut-off for REE stocks and 25% for Lithium and Uranium stocks

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How are we going in 2023 - General Markets (similar to last week)-

• This week SP 500 kept above 4200 after falling for most of the week
• Up side - 4300/4350 should be in play now. Down side - As long as 4050 is held it should be fine. A good buffer now
• Only issue is that the rally is still being led by big tech stocks. They are doing most of the lifting. Breadth participation is not good
• Most risk-on assets including resources have not done very well. The difference between these stocks and big stocks is now huge in terms of gains and losses for last year or so
• Most institutional hedge funds also not participating in the rally, in fact still trying to short in large numbers

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Last week I showed a comparison between 2000 dot com charts and current Nasdaq. Although at this stage I am not convinced, but I am keeping an open mind. Major reason being the indices now are just led by few big tech stocks rather than broad base rally. But economy, jobs etc much better now, so hopefully it may not happen.
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What will happen next week - General Markets:

• Monday should be a green day, but many resource stocks fell on Friday even though indices were rallying
• US markets closed on Monday, so ASX may have to chart its own path. By Tuesday afternoon it may be confused
• Debt ceiling is the biggest catalyst which could make a big move in markets. In 2016 as US debt was downgraded, SP 500 had lost around 20% - though it was short lived
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Personally: My situation is same as last week, holding a fair few across a range.
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Stock/Sector specific Info:

• MTM after a big fall last week, is slowly trying to move up with a gain of 14% for the week.
• MTM is up 50% for the year
• The REE sectors stocks I track is up 24% across 26 stocks for the year
• This week there was gain of 1% across 26 stocks, last week 4% loss - so balancing now
• 3 stocks did a new 52 week high this week - VSR, MEI, WA1 -(MEI and WA1 also did a 52 week high last week - something to keep an eye - I am holding)
• Although 4 stocks have gained over 100% for the year, 16 of the 26 stocks are red for the year - so all is not rosy and only specific stocks are doing well.
• 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 is in consolidation phase and its future linked to drilling happening
• Although I am cautiously optimistic, I know drill results are binary events - big gain or big loss. I usually don't like this from a risk perspective but I know many are very confident but I also know that anything can happen. I would have been happy if we were in high teens, so a good buffer for the worst case scenario. Especially I am wary of oppies - if something goes wrong they may have a higher drop - so thinking what to do - should I take the risk or lessen it?
• 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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