Weekly Review REE Stocks - 21st Jul 2023Here is the weekly...

Weekly Review REE Stocks - 21st Jul 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-

• SP 500 stayed above 4500 and made a high of 4576 - so nothing to not like
• Upside - most talk is now for an all time high around 4800 - though it may take some time
• Down side - 4300 on SP 500 now forms a big level now if markets were to go down
• Market depth is improving and Russell small caps is also doing better than before, but lot of rotation still needs to happen for most punters to get benefit. The major rise was driven by some big Tech stocks till now.
• VIX staying below 15, in fact finished at 13.6 - is again pointing towards a bull market and this correction is just being absorbed for now
• Fear and Greed indicator is at 82, above 80 of last week, Extreme Greed, reflecting stocks,
• Bitcoin is hovering around 30k mark. It has made a number of attempts to cross 31k, but has failed till now. Another indicator that there may be some breather before the next leg.

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What will happen next week - General Markets:

• US markets had a mixed day on Friday, but resources stocks like Uranium and Lithium had a decent drop, so except some softness there
• SP 500 now the levels are very high 4300/4800. As I have been writing last few weeks, there is a good chance of consolidation around that 4350/4550 mark in the near future
• This week Fed Rate decision on Thursday. Expected 0.25% increase. The Yields have also risen last few days. Lot of other earning reports which could provide direction. Also usual jobs, housing etc data
• The best we can hope is increase in breath. Lot of resource stocks not doing well. Junior explorers not doing well. The real gain by most will be made when this gain spreads - we wait
• Seasonality says from mid-July markets fall. Markets held for the 3rd week of July. But U and Li stocks after having good gains in first 2 weeks, declined this week - Something to keep an eye if its going to fall further
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Personally: My situation is same as last week. Some long term Li stocks I continue to hold. Others playing around between U/Li/REE/Metals/Oil stock - rotating. Always looking for new stocks that have done acquisition/change in plan - there is an initial hype around it - so like to play the first stage of these stocks
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Stock/Sector specific Info:

• MTM stayed at 10.5 from last week.. This is the zone it is finishing for several weeks now
• This week another play of 9s like last week, but slightly better play
• I am still waiting to buy back my stocks I sold some time back (now looks long time back) and my holding is very small. What I am surprised and don't like - Drilling results from first phase were due end of June (just from memory). 3 weeks has passed, no news around it. When companies goes into these modes, its usually not a good sign, hence I don't feel confident to buy on anticipation. I will wait for announcements.
• MTM is up 33% for the year
• The REE sectors stocks I track is up 25% across 26 stocks for the year, so a good decline this week
• VTM made another 52 week high this week. Last week as well. (I hold, just on technicals that it is doing well)
• This week across 26 stocks there was loss of 5%. So like U and Li stocks which gained in first two weeks of July, REE stocks too which made gains have declined this week. There is a trend.
• 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 waiting for drill results
• MTM has moved into an indecisive state and volume is decreasing every day. The drill results may provide a strong direction it seems, otherwise just sideways movement.
• 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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