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.

29 September 2010

Merv's Daily Commentary 29 Sept 2010

After The Close, 29 Sept 2010

Merv’s Daily Uranium Index
Market Data

Open: 174.45
High: 178.34
Low: 171.88
Close: 175.93
Volume: 5143

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

Just a word about posting these commentaries. For the next while I will not be posting every day. I’ll try to post about every second day unless something important should occur, like a change in ratings or sudden volatile price movement. These postings do take time and I’m getting into more of a retiring mode lately. 74 years on this planet, over 40 watching the various markets, I’m getting lazy.

The Daily Index continues to move higher although not with any great strength behind the daily activity. None of the daily closings have been anywhere near the top of the day’s trading range. The Stochastic Oscillator seems to have started a turn around (although very early in the turn) suggesting that the move may be getting close to some sort of top. We’ll just have to wait and see if this does develop into anything. The volume indicator has once more moved into new high ground to go along with the improving daily volume activity. The short term momentum indicator is now just inside its overbought zone and at a level where several times in the recent past it has reversed to the down side as had the Index. Looks more and more like the Index may be ready for a reversal within the next day or two.

The Merv’s Daily Uranium Index closed higher by 1.24 points or 0.71%. There were 26 winners, 15 losers and 9 stocks just bumming around. Cameco gained 0.4%, Extract gained 3.2%, Fronteer gained 0.9%, Paladin lost 0.8% and Uranium One gained 3.0%. The best daily winner was Pinetree Capital with a gain of 9.6% while the loser of the day was JNR Resources with a loss of 10.9%. Market Vectors Nuclear Energy ETF lost 0.2%.

Other than what has already been mentioned above, nothing much new or different is going on. All indicators are positive for both the short and intermediate term resulting in a BULLISH rating for both. As for the immediate direction of least resistance, I should stick with the up side as that is where all the indicators are pointing but I thing I’ll be a little cautious and go with the lateral direction expecting a turn around to start showing itself.


Anonymous said...

Well Merv, I havn't commented on your blog in a while, because clearly I am more lazy than you!

However I do look forward to your writings, analysis and wit every day.

I sure do appreciate all your work and all the time you dedicate to sharing your knowledge with those of us who were lucky enough to have stumbled upon your work.

Thanks as always and cheers,


Anonymous said...

Hey Merv:
Its ok to be lazy've earned that right. We'll take whatever comments and insight you can put out though as your comments and charts are truly amazing.


Anonymous said...

Hi Merv, I know it takes quite a bit of time to follow any market and write commentaries and to provide technical analysis. I'm sure most of us that follow this sector and your writings will be grateful to have your analysis a few times a week! Enjoy your time off! (And the bull run in Gold/Silver market)