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Analysis of the market activity of uranium securities.
Merv
Blog Archive
About Me
- x
- During the day I practice my engineering profession as a Consulting Aerospace Engineer. Once the sun goes down and night descends upon the earth I don my other hat as a Chartered Market Technician (CMT) and try to decipher what’s going on in the securities markets. As an underground surveyor in the gold mines of Canada’s Northwest Territories in my youth, I have a soft spot for the resource industry and have developed several resource Indices reflecting different aspects of the industry. As a basically lazy individual my driving focus is to KEEP IT SIMPLE.
Market Chat With Getting Technical
Technical vs Fundamental
In a nut shell:
Technical analysis tries to define what IS happening in the market.
Fundamental Analysis is an attempt to define what should be happening in the market.
Technical analysis tries to define what IS happening in the market.
Fundamental Analysis is an attempt to define what should be happening in the market.
IS and IS NOT
What this blog IS
A periodic review of the daily or weekly market action in uranium stocks. The review is strictly from the technical perspective. Merv is a pure market technician.
Weekly, one will find a table of technical information and ratings of the 50 component stocks of the Merv's Uranium Index as well as a weekly summary of the uranium stock activity.
Daily (most days), one will find a daily review of the market action of the Merv's Daily Uranium Index as well as technical analysis of one or more uranium stocks of interest.
What this blog IS NOT
This blog IS NOT a blog providing any fundamental information on uranium stocks. Merv does not have the time to gather such information. Please check with your broker or investment adviser.
For those who wish fundamental information on stocks the LINKS section has links to a variety of web sites providing such information. New links are added as they become known.
Disclaimer
Technical analysis is not perfect. Should you expect perfection this is not the site for you.
Technical analysis IS a very sound technique to assess the daily or weekly trading activities in securities and to assess appropriate timing of investment activities.
This blog provides such technical analysis of the trading activity in uranium stocks for your information. Any use made of this information is
strictly at the users risk. No guarantees are made for the accuracy or potential for the information provided herein.
Use at your own risk. You are strongly advised to check with your broker or investment adviser before activating any investment decisions.
Technical analysis IS a very sound technique to assess the daily or weekly trading activities in securities and to assess appropriate timing of investment activities.
This blog provides such technical analysis of the trading activity in uranium stocks for your information. Any use made of this information is
strictly at the users risk. No guarantees are made for the accuracy or potential for the information provided herein.
Use at your own risk. You are strongly advised to check with your broker or investment adviser before activating any investment decisions.
TUTORIAL
Getting the Most from the Weekly Table
This blog is still in "development". I have not yet put together a dedicated tutorial for readers. However, there is a very appropriate TUTORIAL located at http://preciousmetalscentral.com/. Go to the SAMPLE section. At the bottom of the SAMPLE section is a link to a TUTORIAL. This tutorial describes how to get the greatest benefit from tables identical to the Uranium Index weekly table.
This blog is still in "development". I have not yet put together a dedicated tutorial for readers. However, there is a very appropriate TUTORIAL located at http://preciousmetalscentral.com/. Go to the SAMPLE section. At the bottom of the SAMPLE section is a link to a TUTORIAL. This tutorial describes how to get the greatest benefit from tables identical to the Uranium Index weekly table.
Merv's Precious Metals Central
Merv provides weekly commentaries on the precious metals, primarily gold and silver. These can be viewed on a variety of web sites including http://preciousmetalscentral.com/ where you will find information about Merv's Precious Metals Central, a weekly service reviewing 190 gold and silver stocks each week.
Check it out if you are interested in gold and silver stocks.
Check it out if you are interested in gold and silver stocks.
- Australian Uranium Stocks
- Australian Uranium Stocks Blog
- Canadian Mining News
- Canadian Uranium News
- ETFS WNA Global Uranium Energy Fund
- Global InfoMine
- Idaho Samizdat: Nuke Notes
- iShares S&P Global Nuclear Energy Fund
- Kitco Metals
- Market Vectors Nuclear Energy ETF
- PowerShares Uranium Energy ETF
- StockInterview.com
- The Investar
- The Up Trend
- The Ux Consulting Co., LLC
- Trade Tech
- u3o8.Biz
- Uranium Info
- Uranium Maps
- Uranium Strategies
- UraniumSeek
- UraniumSTOX.com
- WNA Nuclear Energy Index
- World Nuclear Association
4 comments:
Hi Merv, I have a technical question related to the US Dow Jones Index. (A little off topic, but may impact all stocks trading in the US).
I'm looking at a weekly chart of the Dow over the past 2 years with RSI set at 50.
I see a RSI peak in Feb 2010 just over 70. Since then it looks like it is in a downtrend similar to the downtrend in 2008 before the crash. The Dow is in a slight uptrend so there is a divergence.
I'm not sure how to analyze this. Can it be a signal for something on the horizon next year?
Can you take a quick look if you have the time? Thanks!
I'm running late today but will try and respond later in the evening or tomorrow morning.
I’m confused. I see no similarity between the weekly Dow or a 50 unit weekly RSI now versus 2008 or before/during the crash.
The Dow peaked in Oct of 2007, the 50 unit RSI peaked in June 2007. By the beginning of 2008 we were already in a bear market per the Dow.
Your numbers for the RSI do not seem possible. The peak RSI in June of 2007 was only 63.8. The RSI in Feb 2010 was only 55.5. You can only get a weekly RSI into the 70 range if you were using a 13 or 14 week RSI, which are the usual preprogrammed RSI in most software programs. But even with a 13 unit RSI there is no similarity with the action of 2008 bear trend.
Most recent peak in the RSI is back to 55.8. The 50 RSI is confirming the DOW slightly higher recent rally highs and there is no problem at this point. Since reaching its low in early 2009 both the DOW and the 50 RSI have been moving together in confirmation.
Thanks for the clarification Merv. I'm using an online charting system that probably does not give 100% accurate data...(?) I checked it on another on-line site (Stockcharts.com) and the numbers are similar to what you have listed.
I just want to keep an eye on these markets as a whole because they took a lot of people by surprise last time. Most everyone that I know that has a 401k account had them down over 50% during 2008/2009. (There is no short fund in a 401k... so it's either move it to the conservative fund or let it drop with the markets)
I hear occasionally that the Dow and Gold will be a 1:1 ratio and if you look at a ratio chart, it is dropping. The 1:1 ratio has already occurred a few times since the early 1900's as you may already know.
So IF Gold is going to $5000 and we get a 1:1 ratio, the Dow may drop to 5000 as well...
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