MTM Weekly Report, page-58

Weekly Review REE Stocks - 11th Aug 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 don't hold MTM anymore because of price action and had had got out nearly everything long time back, but watching, hopefully some day things well change.

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 after making a few 52 week highs and crossing 4600, first major pullback which many expected and I was also writing about is in play
• SP 500 has lost just over 3% from its high, the downtrend from that high is into third week
• Upside - another retest of 4600 before getting to 4800 all time high
• Down side - 4300/4350 on SP 500 now forms a big level now if markets goes down further
• Market depth was improving with small caps, but it has now again got stalled - so risk on assets/explorers again not looking good
• VIX has come back below 15, it had risen shortly towards 18 but is now back in bull range
• Fear and Greed indicator is at 66, down from 82 of recent times, still in Greed zone. As many expected and I also wrote a number around early 80s is usually when markets tops - this indicator also closely playing out as previously - many use this as guideline for tops and bottoms
• Mixed data around who is buying the dip - so no clear trend
• Bitcoin has now really got stalled for several weeks. Another indicator which may be was telling the pullback could be in play
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What will happen next week - General Markets:

• US markets had a flat day with resource stocks under pressure. Li stocks could open slightly lower while U stocks slightly higher
• SP 500 now in real test of pullback. As long as 4300/4350 hold, we should be good. Anything below, drops could be un predictable
• This week FOMC minute, PMI data etc to provide some direction
• 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
• Analysts are mixed at this stage, some saying looks oversold whereas many believe we may go a bit more lower. Technicals and sentiment may drive the market in short term

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Personally: My situation is different from couple of weeks back I wrote. I have started moving a number of my stocks into U sector. Mainly taking out from my Li stocks. I have only purchased around 25% of U stocks that I want. Last 1 year there has been many false starts in U sector, so cautiously watching and adding. Also Li sector is on slight decline last few weeks - so both ways I thought it makes sense, but I could be making a wrong move, so please dyor
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Stock/Sector specific Info:

• MTM lost it this week, finishing at 5.9 making a 52 week low at 5.8
• MTM does not look to be in a good state. I had exited most of my positions long time back as I wrote in mid teens, have got out of little I had recently
• The REE sectors stocks I track is up 15% across 26 stocks for the year,
• This week across 26 stocks there was loss of 4%.
• 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
• But overall REE sector is not doing well, only few stocks do well. Mostly stocks doing well are those not much advanced, so lot of hope/potential/hype gives the up. Those more advanced, facing the realities of production, not so good - and this ian indicator sector is not doing well
• 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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