2012.02.03 Volume retreat is not good but the index holds. It is the moment of truth. It can hold and rally.

2012.01.27 After two weeks of rally, there is a small retreat on Friday after RSI high 90 last week. It is a healthy retreat but requires attention.

2012.01.21 Index cuts the 200MA is a big deal. The minor regret is 50MA falls. Two up weeks is a trend; up trend.

2012.01.14 Index continues to gain a little bit. OBV improving. A double bottom is formed. Until higher volume, the base is not solid.

2012.01.06 Index turning up, 50MA levels, 200MA turning to level. All good signs.

2011.12.31 Window dressing effect keeps the index steady. The U3O8 price is leveling which tells the current trend could be kept steady for awhile until the financial stress relaxs.

2011.12.23 Not much of change. Bottomed but not out.

2011.12.16 Gitter in the market dragged down the price but not the OBV. Index will be changed due to HAT being taken over by Rio Tinto.

2011.12.10 Temporary stabilized. Buying pressure is up a little bit. Nothing solid.

2011.12.03 Uranium stocks do not follow the big rally. OBV shows sell pressure. Could this be year end tax sale? If so, we may not see the up side until next year?

2011.11.18 The week ends lower. It is a backfill. On Friday, most of the uranium stocks seem encouraged by the up of HAT's acquition price.

2011.11.11 After a few weeks of rally, there is a pull back but the buying pressure remains intact.

2011.11.04 Until another major nuclear or financial crisis, the rally of uranium stock continues.

2011.10.29 This leg of correction started in February 2011. Now, it bottoms out; at least for October.

2011.10.22 Last week, we have a weak turnaround signal. The signal still no strong but not too weak. It continues on the up trend with the support of OBV. Can this be the bidding war of Hathor or what? Bidding war should be seen as specific for one companay rather than the whole industry until a sequence of bidding. Hathor may be the first of the sequence but we cannot know until the second and the third bid shows up. None the less, the U3O8 has stop falling and start to level is a good sign. The brave one can start to accumulate. The conservative should wait for the index to hit 101.60 which is the mid-point between the recent high and low. Since there is no sign of strong bottom buy, it does not worth the risk to buy at the moment.

2011.10.14 There is a buy signal. We see this after many months of depression. The weekly gain is a 3 points with the OBV continues to fall. The important thing is the OBV is now above the 200MA of OBV which is a lead indicator for a turnaround. This turnaround is not strong but there is the signal.

2011.10.07 Although UxO is stablilizing but uranium stock affected by the tight capital market. The huge up front capital requirement for a nuclear reactor shows a dire demand. Individual stock can perform well.

2011.09.30 Not a good time to buy.

2011.09.17 The Hathor deal is cooling a bit. The stock may advance on the projected value of the company by a significant value on inferred mineral. Until it is measurable, inferred worth nothing. The market continues to drift lower with some sell off. Next month will tell the true direction.

2011.09.10 Hathor does not stir up much of price rally because the market is a selective market. Any stimulus does not create an asset class rally. This week the index shows some sign of stablization. With half of the world on major financial crisis, the help has to come from BRIC. None has made any major announcement on additional reactor. Demand is subdue.

2011.09.02 Hathor has been attacked by Cameco for its uranium mine that is the neighbor of Cameco. But the market is very sick so there index rally a tiny one percent. However, this could be a turning point because the general market is not that healthy. Could it be the bottom? We may not see it yet.

2011.08.27 The market does not help the uranium stocks but dragging them down. The Hatfor acquisition may wake up people because the premium is 50%.

2011.08.19 All the stocks are in panic mode. So do the uranium stocks. The index has fallen through the recent low. Now it is testing the all time low of 62. The chance is 30% now. If the index does not stabilize around 80 we may see the all time low being challenged.

2011.08.12 Capital intense uranium market is in panic mode when the market goes down. The demand of uranium drags down the uranium stock. There is dumping or there is buying. When the volume is higher, there is bottoming.

2011.07.29 Index falls. The OBV falls. The recovery is temporary suspended.

2011.07.22 Stocks is leading the recovery of the uranium market. The yellow cake continues to sink and has not found a bottom yet but the stocks are popping up. The index jumps 7% on Friday on top of 2% on Thursday. This turns the losing at the beginning of the week to become a winning one of 8%. Base on the OBV and the index, we have a bottom for the meantime. If it falls but not breaks 90 again, then we have a double bottom and this will be bullish.

2011.07.15 This is holding steady this week. The fear of the nuclear plant disaster is fading so the pain of higher energy demand is sinking in. The stock has shown some weakness by losing 1 point WoW. OBV still holding up. It is a bottom forming but this bottom is just slightly stronger with the OBV slightly leading the rally. However, if we see the PF chart, the OBV has shown deterioration. This may be confirmed next week.

2011.07.09 This is not a week with good news. Economy could be worse because of the American and PIIGS debt default probability increasing to the point not if but when. The oxide price is falling. But strange enough the index improves by a surprise 5% WoW. OBV flutter. All in all, the non-falling week is welcomed. The only evident for the bottom out is volume.

2011.07.01 A 1% down from last week. OBV rose a little. By the end of this year, the nuclear fear may subside. We can see a recovery. Some individual stocks has started the turn around.

2011.06.24 Last week was not the best for the market. Due to the financial crisis, many investors repatriate U$ from non-U$ investment. The miracle rally of the U$, forces the U$ shorties sell everything to cover the margin. There is something swims upstream. Starting from last week, the OBV started to climb. The climbing continues to this week. The result is two weeks of continued up in the index. It is not out of the wood yet. Much has to be wait and confirm the up leg. If it does recover, there is plenty of space above.

2011.06.17 The uranium stocks are continued to be the victim of market psychology. There is a green sign of bottoming out to be confirmed next week.

2011.06.10 The effect of German exits from nuclear power plan is delayed by one week. This almost impossible news should have no effect because nuclear power plants provides highest energy production density. Although Germany has heavy investment in solar but they do not have enough land to provide the base. Nonetheless, the market falls. There is one strong indicator that the effect could be short because the price of U308 is steady.

2011.06.03 While the world is doubting the economic recovery, the mass capital demanding uranium industry is perceived as weaken especially Gernmany is going to close out nuclear reactor. Time will tell the true demand as the alternative is not a possibility.

2011.05.20 Despite of the U$1.25 up of U3O8 price, the uranium stock remains weak. The future demand is discounted negatively. This is pure psychological. The index is approaching critically to the 100 level. It has to hold.

2011.05.13 The future may not be dire but not bright. The volume is not helping. The index is sliding. The trend is not bottoming. So we have to ensure the 100 resistance can hold. Otherwise, it is nuclear winter. The coming down of the commodities just push the market down and increase the negative sentiment of any interest in uranium.

2011.05.06 Does uranium stocks doing as bad as the market? The answer is a surprisingly no. The weekly index closes down by 0.35 or 0.32% that is hardly close to the 3% of the major stock indices. The trend remains slightly negative and the volume is really drying up. The selling pressure is much lower. These are all minor indicators of the bottom. The major indicators are the bottom buy and volume trends up. With Bill and Warren's praise on uranium stock, we may see the bottom soon.

2011.04.29 Two factors call for caution. The first is the peak selling from the recent rebound. Although the volume sold is not as much a bought but the accumulated sold from the recent high is much higher than the buy. With this new development, the right shoulder of H&S is formed. We may see the index testing 100 again.

2011.04.15 With the 50MA turning down and the 200MA leveling, this is not the time to be a hero until a more definite signal. On the other hand, the volume is subsided that shows the dumping has halted temporarily. This comes a trading decision: to trade or not to trade. Actually, the contemplation should be to risk or not to risk.

2011.04.08 With the fear subsides when the Japan Fukushima Daiichi problems do not get deteriorate further, the U3O8 is starting to bottom out of the U$59. The stocks has retreated a bit from the week's high on Friday to avoid unexpected. So far so good. There should be a cooling period that is reflected by sideway action for a while. When all the political actions complete the course, the demand will resurface. The price is now moving higher ahead of the OBV. Rome was not built in one day but burnt in one night. Destruction force is always greater than building force.

2011.04.01 The market continues to be driven by fear, greed and news. At the end of the week, the action is subsiding. So far the winner is the bear. Until the nuclear crisis at Japan could be resolved, the fear will dominate. There is no rush to re-entered yet. The market could move another 20 points up but it is just as easily settle back to 100 if the radiation could not be cleaned up. Anyway, there is not much strong bottom buy activities.

2011.03.26 A simple indicator on 'uranium panic' is the price of the U3O8. The price precipitated. News report holding off the new reactors. All these are not necessary the long term view. The measures are for multiple reasons. First, it is the most important act to show the government will assess the plan. All these scenarios have to be considered and assessed in the business proposal and the assessment for the IAEA before the plan endorsed. The building of nuclear reactor is not a easy choice because the enormous up front capital investment. Also the other alternatives are way too expensive. Second, the opportunity to get a better price. GE nuclear reactor will have to cut price significantly to do any sales in the near future. Will they have another sales without major change of the design is a big question? The design of the Japan nuclear plant uses 10% plutonium instead of the 5% in other design. This is relatively higher efficient but more dangerous. No matter what the bottom line of GE will have a dent unless it plan to buy Canada's CANDU can be materialized. Other supplier will get squeeze even GE is out of the race. The dumping of the nuclear fuel suppliers is a mystery. The long term view does not change, the short term view is driven by fear. Relatively, the greed wins one week and the fear wins another. There was a few high volume days for uranium stocks but they are declining to close to normal volume now. The fluctuation may be damping to form a base.

2011.03.18 Panic of the nuclear generator melt-down intensified this week. Flash dumping started at the beginning of the week. By Wednesday, the dumping hit "a" bottom. This could be a false bottom if the nuclear generator could not be rescued. By large, the index rebounded 20% to close at  131.40. Compare to the index at the beginning of march, it lost almost 50% at the bottom. The OBV shows buyer support the temporary bottom. Fear and greed at the peak. In the long term, nuclear is the only viable long term solution for Japan and other countries. When the nuclear fear is not intensified by the announcement of cancelling nuclear generator in Japan and other countries, the situation will be contained. But the fear will be shifted to assurance industry. Although there is a technical bottom, we may want more confirmation. It is the the time to be a hero.

2011.03.11 Japan's nuclear reactor was impacted by the quake. Coolant leaked. Radiation of the neighbourhood rose. This will scare the investor away. But in comparison with oil, nuclear is the only alternative.

2011.03.05 During the recent uranium stock rally, the momentum is tremendous especially to specific junior. The correction just the same. This back and forth is a good indicator of no leadership of direction. Speculator and retail investors are playing in the ground which at the end benefit those who believe in the future. The future of nuclear energy should be bright and shining because of higher hydrocarbon cost and high nuclear reactor efficiency.

2011.02.25 Uranium oxide rally takes a breathe. It falls U$3.50. The stocks follows. At the end of the week. There is small recovery. The touchy point is that the index touched the MA50. This is a junction.

2011.02.18 After the U3O8 pulled back a bit, the stocks had a sell off. Profit taking may be too early.

2011.02.04 U3O8 bumps up another U$3. The uranium heat brings it on.

2011.01.28 Situation becomes more complicated because the economic and the world political situation is unstable. A short term correction may come.

2011.01.22 The fire continues as U3O8 got another U$2 fuel. But the general economic sentiment gives the excuse to do some profit taking. We see the re-entry of the market on Friday is a very good sign.

2011.01.14 Recovery happens unexpectedly fast. Last Friday, the sell off drove the index and the OBV down. All has turned around this week with a 10% weekly gain. Thanks to the search of UxO by U$3.50 or 5%. The index and the UxO seems has a 100% alpha. This could trigger a lot of small producers/explorers merger or buyout. The game is on. This could be another crazy year for uranium market due to the growth in Far East which is energy hog. According to Guild Investment, the oil demand is only about one quarter of the total energy demand. Therefore, higher price of oil does not hurt the Chindia recovery. However, coal will. The solution is accelerate to build the IAEA approved nuclear generator.

2011.01.07 The index shows a pause with a small pull back. The line charts indicate low volume. The pull back is profit taking rather than exit. Technically, we have double top that deserves some attention. If it is not broken, this is the top. Fundamental has not change. 50MA and 200MA maintain upward momentum. However a top out at RSI 65 is not a good sign.