MTM Weekly Report, page-57

Weekly Review REE Stocks - 28th 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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.VIDEO LINK - This week I have put links to two videos - one talking around bullish situation of a long term bull secular market that could last another 10 years, the second one is an analyst who got it right last year when markets were dropping. The markets have moved on, but this analyst is talking about a big crash since we around 4000 - markets have moved up 15%, but those entrenched with negative sentiments, can't get over. Every week for last 10-12 weeks he talks about a big crash coming. Again this week. Just shows how difficult is even for pros to get over one's thinking. It could crash now, but key thing is the crash should have happened at 4000, now it has already moved to 4600.
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How are we going in 2023 - General Markets-

• SP 500 is on steroids - making a new 52 week very regularly
• This week it crossed 4600 - another key level
• Upside - most talk is now for an all time high around 4800 - Last week I wrote it may take some time, this week it feels it will get sooner
• 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. Russell had a very good gain on Friday
• VIX staying below 15, in fact finished at 13.33, even lower than last week - is again pointing towards a bull market and this correction is just being absorbed for now
• Fear and Greed indicator is at 78, below 82 of last week, Extreme Greed, reflecting stocks,
• Any drops in market is being bought, so buy the dip is working great, shorts getting squeezed
• 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 very good Friday, so we should start Monday with some good gains
• 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. It has now touched 4600. Some calling this top. So to make another 4600 would be good
• This week no major economic data - usual jobs etc. Still some earning report
• 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
• We can see some see-saw around 4500/4600 before a decisive break either way, probability is still for an up, but there has been very good gains, so pullback is also in the cards
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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 lost it this week, finishing at 7 and touching 6.2
• It may look to some as a surprise, but I think it was expected to certain extent. Results were supposed to come end of last month. It arrived late - by default late results are not good, on an average, not every time though. Some other test results were also supposed to come - I don't think they have come yet, unless I missed. So odds were well stacked against something good happening in short term
• I had exited nearly all my stocks long time back, over 2 months back in mid to high teens as had mentioned that time that I didn't like the price action coming from 22, Had kept a very small amount for CR purpose,
• MTM is now down for the year
• The REE sectors stocks I track is up 21% across 26 stocks for the year, so a 3% decline this week, last week we lost 5%
• VTM made another 52 week high this week. Last 2 weeks as well. (I hold, just on technicals that it is doing well)
• This week across 26 stocks there was loss of 3%. 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 now in very uncertain state. Technicals can do a small bounce, but unless Pomme gives something, outlook is not good. Lets hope something good happens there.
• 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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Video Link 1 - Optimistic
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Video Link 2 - Pessimistic..
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