Uranium Companies

There are very few pure uranium companies. Most companies, especially the small exploration type, are active in more than the uranium industry. This blog makes no attempt to guage the percentage of a companies activity that are related to the finding, mining or processing of uraniun. They all do, however, have some uranium activities (to the best of our review).

Merv's Uranium Indices

I have developed two Uranium Indices. They each have the same component stocks but are calculated using different methodologies. My weekly Index is based upon the average weekly performance of the component stocks. My daily Index is based upon the daily average of the component stocks open, high, low and close prices along with the daily average volume of all component stocks.

Click on the chart or table to enlage the view.

07 March 2010

Merv's Weekly Commentary 07 Mar 2010

Merv’s Weekly Uranium Review
for week ending 05 March 2010

Merv’s Daily Uranium Index
Market Data for Friday 05 Mar 2010

Open: 172.13
Hugh: 174.22
Low: 169.89
Close: 172.29
Volume: 3091

Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.

Note that additional charts of the Daily and Weekly Indices were posted earlier and should be viewed during this commentary.

Yesterday (Saturday) I had a massive cyber attack which put all of my software out of commission on my desktop computer (my primary working tool). I have been unable to access any of my programs so took the computer to the manufacturer. The initial word is not encouraging but should have a better idea if anything is retrievable tomorrow. In the mean time I have transferred over to my laptop but I do not have all the programs or data on the laptop so most of my time today has been, and continues to be, updating my laptop with the programs and data for my uranium blog and my precious metals advisory service. For that reason today I will be giving “just the facts, ma’am” as Joe Friday was reported to have said (he didn’t really but that’s another story). Hopefully, tomorrow will see a resumption of normal service from my laptop, until the desktop is brought back to life.

The Merv’s Daily Uranium Index closed higher by 1.33 points or 0.78% on Friday. There were 22 winners, 15 losers and a whole pile (13) of slackers. Cameco gained 0.9%, First Uranium gained 0.7%, Paladin lost 0.6%, Uranium One lost 0.7% and Uranium Participation gained 0.5%. The best winner of the day was Pitchstone Exploration with a gain of 6.8% while the loser of the day was Mawson with a loss of 7.4%. Market Vectors Nuclear Energy ETF gained 1.1%.

On the week the Merv’s Weekly Uranium Index gained 66.13 points or 1.18%. There were 21 winners, 21 losers and 8 slackers. Cameco lost 2.6% on the week, First Uranium lost 1.3%, Paladin was a weekly slacker, Uranium One lost 4.6% and Uranium Participation lost 2.9%. The best weekly winner was Continental Precious Metals with a gain of 18.9% while the loser of the week was Forum Uranium with a loss of 16.7%. Market Vectors Nuclear Energy ETF gained 2.4%.

The week has seen next to no movement of significance, up or down. The only story this week is the intermediate term moving average line crossing below the long term line on the Daily Index to confirm the Daily Index rating. On the long term both the Weekly and Daily Indices remain unchanged from the previous week. The Weekly Index remains BULLISH while the Daily Index remains BEARISH.

As for the intermediate term nothing here has changed either. The Daily Index remains below the negative moving average line and the momentum indicator remains in its negative zone. The indicator has been moving basically in a sideways direction causing it to continually cross above and below its trigger line. On Friday it once more crossed the trigger to the up side. The trigger is very, very slightly sloping upwards. All in all, the intermediate term rating is BEARISH.

On the short term the Index closed just slightly above its moving average line and the line slope is very gently sloping upwards. The momentum indicator is tracing a lateral path but did close a hair above its neutral line in the positive zone. It is also slightly above a very slight upward sloping trigger line. With the indicators so close to their trigger lines any slight chance in the Index could cause the indicators to reverse fast. However, strictly on the basis of where the indicators closed on Friday the short term rating must be looked at as BULLISH.

There is nothing in the aggressive indicators to suggest a move one way or the other so I will go with the lateral direction as the immediate direction of least resistance.

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