Some strong action in the US despite multiple bad news. May be Oct 6th was the bottom. Extended short term. Worth watching how stocks pullback. Uranium update: Distribution has been high. Daily charts look ok. Most ETFs and stocks are holding the 20MA. Hourly chart in URNM (US) is at an inflection point. Trading below descending 50MA. 200 acting as support. There is a pocket pivot right on 200. Must bounce from here. To me it looks like a break below is likely. If that happens, stocks will get smashed. Next stop is 50MA in daily. ETFs and stocks are almost oversold. But distribution picking up, poor relative strength compared to general market, etc signals caution. US CPI tomorrow as well. Risk management and appropriate exposure are vital. IMO. DYOR. Not a financial advice.
