Denison Mines – DNN not looking good here. I probably will get stopped out on Monday. The only uranium stock displaying a bit of intraday strength was UEX.TO.
U.TO – Uranium Participation couldn’t cross the weekly MA 30 resistance and resumed the downtrend.
Same old for gold miners. They are not going up despite gold’s strength. GDX the proxy for the senior gold miners tells the story. Volume is kicking in but the stock refuses to go up. This is a red flag. The path of least resistance is down. Stay cautious.
USO – United States Oil Fund has now formed a hammer on the weekly chart. I might try another long oil trade with a stop loss below the weekly hammer low.
My new website hopefully will be up and running in April or May if everything goes smoothly. This is a work in progress.
Thanks for your patience and continued support!
Have a great weekend.