Merv’s Daily Uranium Index
Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.
I guess the uranium stocks just went with the market, nothing more, nothing less. The major large priced stocks lost 2.4% about the same as the Canadian and U.S. markets. The average price of a uranium stock (basically the low priced stocks) were also in the 2.5% loss area. No need to panic yet, the correction looks normal so far.
The Merv’s Daily Uranium Index closed lower by 3.91 points or 2.43%. There were only 7 winners, 33 losers and 10 stocks holding their breadth. Cameco lost 2.5%, Extract gained 5.0%, Fronteer lost 5.2%, Paladin lost 3.5% and Uranium One gained 1.3%. The best of the daily bunch was Extract with that 5.0% gain while the worst of the bunch was Ucore Rare Metals with a loss of 11.5%. Market Vectors Nuclear Energy ETF lost 3.6%.
There is no ratings change in the intermediate term although the momentum indicator is giving a reversal direction warning by dropping below its overbought line and below its trigger line (the short term did so yesterday). The intermediate term rating remains BULLISH.
On the short term the Daily Index has now dropped below its moving average line but the line, although almost turned around, is still very, very slightly positive. For today the short term rating has been downgraded to – NEUTRAL, one level above a full bear. Possibly tomorrow it will go bearish but let’s not jump the gun and wait for it.
As for the immediate direction of least resistance, there is still more room for the reaction to go so I’ll stick with the down side for another day.
Are there any fans out there to the British Masterpiece Mystery series called MIDSOMER MURDERS?
Here in Montreal we get the Masterpiece program but this Midsomer Murders series has not been shown in this area. Over the past few weeks the wife and I got hooked on the series watching it on YOUTUBE. However, we could only find limited episodes, about 25 versus the complete 73 that were shown in England over the past 13 years. The people who post these episodes onto youtube have given each episode names that are not always easy to search for.
Are there any fans out there that might be able to direct us to episodes of Midsomer Murders and particularly episodes from the early years? If you have any information please email to me at email@example.com.