 |
| Stochastics are oversold but not as bad as last July. You have the 200dma as support and to put in a stop, maybe 5% below that level. |
 |
| Stochastics are actually improving here. Not as oversold. Exit isn't as clear on the downside . Time to start small accumulation over time. |
 |
| Right at first Fukushima reaction, there was buying on that dip lets see if it holds, lot of funds puking this up. Stochastics are very oversold. TIME TO BUY! |
As you all know by now that the uranium prices were dropping a couple of weeks prior to the Fukushima Disater and the mining stocks have been beaten up badly as well. I continue to hold URZ and UEC both are off 30% this year but had givenvtriple digit gains last year. So it looks bad right now and gets worse with every earthquake in japan but we really have no options in the US but to move away from our coal and oil to produce power. Solar and Wind are unrelaible (can't count on the weather 24/7), we don't have the nat gas infrastructure, will take too much time to implement. The answer is nuclear energy. It's not a popular choice with 50% of Americans.
Here is a chart of what is used to produced energy in the US
No comments:
Post a Comment