Weekly Review REE Stocks - 19th May 2023Here is the weekly...

Weekly Review REE Stocks - 19th 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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.This week I have a comparison between Psychology of Market Cycle, 2000 Nasdaq and current Nasdaq in the below. Interesting.
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How are we going in 2023 - General Markets -

• This week SP 500 finally broke the trading range of 8 weeks or so. It has finally got to 4200 which I had said last week is the key
• 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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What will happen next week - General Markets:

• Monday again could be just sideways for us. Lot of resource stocks were actually down on Friday in US - so some weakness is possible
• Not much economic data that will give a very big move
• 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
• 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 three weeks. Will that change towards the end of month or we go against stats?

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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 came crashing down this week after 3 weeks of rise. On 17th April we finished at 11c. So we are back there after 1 month.
• MTM is up 39% for the year
• The REE sectors stocks I track is up 18% across 26 stocks for the year, drop from 25% last week
• This week there was loss of 4% across 26 stocks, last week 6% gain - so balancing now
• 3 stocks did a new 52 week high this week - ENR, MEI, WA1
• 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. Last week there were 5 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
• Also sector is very volatile. A lot of stocks in recent months have doubled, then came back and after some stagnation have moved back again - especially WA1, MEI, LIN, MTM, AR3 - so some stagnation now for AR3, MTM might go thru one as well
• MTM is in very fragile and uncertain state for the short term. I expect some more volatility before stabilising. After stabilisation I expect it start rising. So a chance of one more scare. But anything can happen, so please dyor
• Any announcement can have an effect of sp - both up and down
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.Something Interesting, especially for those not feeling very bullish:

• This shows similarity in NASDAQ between 2000 dot com bust and where we are now. Also matching it against Psychology of Stock Market which many may have seen
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.On the left is 2000 Nasdaq at certain stage. On the right is where Nasdaq is now.
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.Here is diagram of Psychology of a Market Cycle. Look at where the Complacency is and compare with above figure.
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.This is again a figure which shows on left hand side 2000 dot com bust from the point of earlier figure - marked in. On the right is what some bears are saying we are heading. Check what happens from Complacency phase in Psychology of Market Cycle.
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Here is the Figures for the Week:
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