Chart Spotlight – 22V Uranium Stock Index w/ Technical Scoring
Our index recently completed an agita-filled correction (that’s polite, trust us) of nearly 40% from its November ’21 peak through its late January ’22 low. Since the January low, the Index is +16 ½% but is no higher than it was three weeks ago which means that investors won’t necessarily be angst-filled by chasing it after a breakout. In addition, understanding that the 40% down draft was more than unpleasant, the chart below shows that our Index has put in another higher low: buying the index after each of the prior lows / turns has been profitable. We’re expecting the pattern to continue and Uranium fits with our commodity / commodity equities theme.
Eight of the nine stocks in our index have Good / Strong Technical Scores while only one, Kazatomprom, has an understandably Neutral Score.
