Rinear has Uranium Stocks on His Radar:
Insiders Club Update
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4.4.2024
Hello all
NOTE>>>>> There's no afternoon update today. My Friend Chuck and his family are down from Upstate NY, and I'm going to scoot over and visit with them today. I cherish such times.
Yesterday was a funky day. I mentioned to you that it just felt off, especially after two big down days. When the DOW went red around 2:45 I wasn't surprised. The whole day felt "pushed" or contrived. Even the S&P dipped red for a while.
Okay, so yesterday I mentioned we need to put the uranium stocks back on radar. I feel silly, because just two weeks ago, we were watching UEC, but it wasn't doing anything. Then I mentioned EU a small domestic uranium company, but it too didn't move.
So, I moved on. Well, in the last week they've all gone on a run. Is it already too much? Or is the supply demand situation where prices have to go up because there's so little available?
Many are starting to think this is the beginning of a longer term trend as supply is pretty low and demand is indeed rising. So yes, we'll be watching CCJ, they're the leaders. But NXE , UEC, EU, DNN, and UUUU are all to be watched.
The futures this morning are bright green across the board. In early going, it looks like they're going into chips.
SMH the ETF for the semi's might be a simple play from the open. Keep an eye on that.
NOTE>>> Some folks say they didn't get last nights FIR until like 6 am. I don't know what happened there.
Okay, so we let them open things and see where it goes.
