I GUESS I WROTE THE COMMENTARY TOO SOON. AFTER I WROTE IT AND TRIED TO POST THE COMMENTARY I FOUND I HAVE A PROBLEM UPLOADING THE DAILY CHART. I'M NOT SURE WHAT THE PROBLEM IS BUT WILL WORK ON IT. IN THE MEAN TIME THERE WAS REALLY NO CHANGE IN TODAY'S CHART FROM THAT POSTED ON THE WEEK END.
After The Close, 16 June 2008
Merv’s Daily Uranium Index
Market Data
Open: 283.12
Hugh: 287.20
Low: 277.13
Close: 281.36
Volume: 2874
Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.
Well, so far so good. I’m slowly getting the hang of these computing machines that one can carry around. What will they think of next, a machine that you can carry around and talk to other people? Not in my lifetime, I’ll bet.
The narrow rectangular screen is a little bit of a problem getting used to but over time I should be able to master it.
Today was a real snoozer of a day for most uranium stocks but there were a couple of good winners and losers, as there often is. The Merv’s Daily Uranium Index closed up by 0.10 points or 0.04%. As I said, a real snoozer of a day. There were 16 winners, 28 losers and 6 unchanged which might suggest that it was a down day rather than an up one. The performance of the 5 largest stocks probably saved the day and helped push the Index into the plus area. Cameco gained 1.1%, Denison gained 2.5%, First Uranium gained 4.6%, Paladin lost 1.5% and Uranium one gained 2.8%. The best performer on the day was Yellowcake Mining (now where have we heard that name before?) with a gain of 12.7% while the loser of the day was Xemplar Energy (also no stranger to this category) with a loss of 17.5%.
On the intermediate term things remain the same as on the week-end. The Index remains below its negative sloping moving average line and the momentum indicator remains in its negative zone below its negative sloping trigger line. The intermediate term rating remains BEARISH.
The short term also remains the same as on the week-end. Although both the Index and the momentum indicator are moving sideways both are still showing a negative trend. The Index remains below a negative moving average line and the momentum indicator is just a hair below its negative sloping trigger line. The short term rating remains BEARISH.
On the very short term we are starting to get some divergence of indicators. Although the very short term moving average line continues just above the Index close it is ready to drop below the Index while on the other hand the aggressive Stochastic Oscillator is starting to move higher and is now above its positive trigger line, although still in the negative zone. The very short term might just be getting ready for a new move but as always, wait for it to happen as it just might go in the wrong direction.
Merv’s Daily Uranium Index
Market Data
Open: 283.12
Hugh: 287.20
Low: 277.13
Close: 281.36
Volume: 2874
Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.
Well, so far so good. I’m slowly getting the hang of these computing machines that one can carry around. What will they think of next, a machine that you can carry around and talk to other people? Not in my lifetime, I’ll bet.
The narrow rectangular screen is a little bit of a problem getting used to but over time I should be able to master it.
Today was a real snoozer of a day for most uranium stocks but there were a couple of good winners and losers, as there often is. The Merv’s Daily Uranium Index closed up by 0.10 points or 0.04%. As I said, a real snoozer of a day. There were 16 winners, 28 losers and 6 unchanged which might suggest that it was a down day rather than an up one. The performance of the 5 largest stocks probably saved the day and helped push the Index into the plus area. Cameco gained 1.1%, Denison gained 2.5%, First Uranium gained 4.6%, Paladin lost 1.5% and Uranium one gained 2.8%. The best performer on the day was Yellowcake Mining (now where have we heard that name before?) with a gain of 12.7% while the loser of the day was Xemplar Energy (also no stranger to this category) with a loss of 17.5%.
On the intermediate term things remain the same as on the week-end. The Index remains below its negative sloping moving average line and the momentum indicator remains in its negative zone below its negative sloping trigger line. The intermediate term rating remains BEARISH.
The short term also remains the same as on the week-end. Although both the Index and the momentum indicator are moving sideways both are still showing a negative trend. The Index remains below a negative moving average line and the momentum indicator is just a hair below its negative sloping trigger line. The short term rating remains BEARISH.
On the very short term we are starting to get some divergence of indicators. Although the very short term moving average line continues just above the Index close it is ready to drop below the Index while on the other hand the aggressive Stochastic Oscillator is starting to move higher and is now above its positive trigger line, although still in the negative zone. The very short term might just be getting ready for a new move but as always, wait for it to happen as it just might go in the wrong direction.
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