The nuclear plays are really looking near term overbought, based on the charts anyway. Longer term could be a different story (still a long way to go), but I took profits in my remaining 2 nuke plays anyway. Those charts just look too spiked right now, RSIs nearing 80, etc.
LEU doesn't look as overbought, but I'm starting to have reservations about the idea that the 'Deep State' will ever allow their 4X enrichment paradigm to ever reach broad deployment. They (Deep State) have been obsessed with minimizing proliferation risks, and it's hard to imagine them suddenly reversing course. Centrus should benefit from the big US drive to restart domestic enrichment capabilities, but seeing this fuel go into hundreds or thousands of SMR/ Small Modular Reactors all over the place seems too unlikely due to the proliferation aspect.
Anyway, it might be better to just sit with these nuke plays for the longer term, but I don't understand the sector well enough, and owning them creates enough angst to where I'll probably just watch from the sidelines.
Also, I still wonder about a possible nuclear 'event' happening, designed to poison the well for the expansion of nuclear power. Russia and China are building nuke reactors all over, which is a big draw for their expansion of BRICS membership, and this creates an incentive for the US/West ghouls to try to derail nuclear via a false flag event. That could just be my conspiracy addled brain going into overdrive, but that Ukraine reactor (Zaporizhzhia) just seems like too obvious a target, whether by accident, intentionally, or false flag. That place has 6 reactors, so imagine the consequences if it blows up and Europe is irradiated.
Anyway, I'll probably just watch these stocks from the sidelines. BWXT might be a lower risk idea in the sector, with their navy / military side -
>>> BWX Technologies, Inc. (BWXT), together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments: Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; undertakes fabrication activities for missile launch tubes for U.S. Navy submarines; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers. This segment also involved in manufacture of close-tolerance and equipment for nuclear applications; and converts Cold War-era government stockpiles of high-enriched uranium, as well as receives, stores, characterizes, dissolves, recovers, and purifies uranium-bearing materials; supplies research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications. The Commercial Operations segment designs and manufactures commercial nuclear steam generators, heat exchangers, pressure vessels, and reactor components; and other auxiliary equipment, including containers for the storage of nuclear fuel and other high-level nuclear waste. It also offers nuclear fuel, fuel handling systems, tooling delivery systems, nuclear grade materials, and precisely machined components, as well as related services for CANDU nuclear power plants; in-plant inspection, maintenance, and modification services, as well as non-destructive examination and tooling/repair solutions; and medical radioisotopes, radiopharmaceuticals, and medical devices. The company was formerly known as The Babcock & Wilcox Company and changed its name to BWX Technologies, Inc. in June 2015. BWX Technologies, Inc. was founded in 1867 and is headquartered in Lynchburg, Virginia. <<<
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