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Gary Tanashian is proprietor of and Actionable, hype-free technical, macro economic and sentiment analysis is provided in the premium market report 'Notes From the Rabbit Hole' ( Complimentary analysis and commentary is available at the... More
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  • Uranium 0 comments
    Oct 12, 2010 1:00 PM | about stocks: CCJ, URG, URZ

    Look, I want to be bearish; honestly I do, because I want to book my gains (20% for 2010) but I am using all my discipline to not try to out-think the charts.

    In the case of NFTRH uranium holdings (one of which was reviewed technically for subscribers this morning as it is currently up 34% from its initial presentation) I look at the most important chart for the sector - that of Uranium Participation Corp., with its price/NAV sentiment swings - and see additional upside.

    I did not know why the chart spoke to me early last summer.  I only know that it did.  I also know that this looks constructive for further upside in this beaten down former bubble.  But hey, I could be wrong.  These are the markets after all.

    Disclosure: Long several uranium stocks, none mentioned here. No position in U.TO

    Stocks: CCJ, URG, URZ
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