Silly season how-to manual (January effect)

5IRM/SzJtzpJM8jI/AAAAAAAAFZg/36kEfuYcktU/s1600-h/u.to.png">Well, looking around in my portfolios or in the broad markets for that matter, it is not easy to find some candidates for tax loss selling rebounds in January. If anything, with some of my holdings (and former ones) up over 1000% from their bottoms, one could envision eager sellers waiting until January to put off the capital gains for a year.

But insofar as there may be opportunity, would not the uranium sector qualify? Cameco and a few other established uranium companies have done well, but a lot of the little fellers have been in ongoing consolidation patterns for much of the year. This has undoubtedly been one of the weakest sectors out there.

In the next two holiday-abbreviated editions of NFTRH, the writer is going to have some fun and drop the laborious serious stuff, drop the macro indicators, drop the sentiment lectures and chart some stocks, which is my favorite thing because charting individual equities makes me money and/or preserves me capital. We are going to look at several uraniums from a technical standpoint, to see if we can't catch a little wind in January. There may even be a fundamental word or two in there, you never know. :-)

Along with that I think we will do some gold stocks as well. In fact, if the macro inflators win this battle (notice I did not say "war" because we know that is lost) and a cyclical bull does spring forth, it will be time to drop the macro hard core stuff to a bit of a lower volume and turn up some charting opportunities as traders. That's still a very big if, but truth be told, if I were to spend more time on straight charting of equities and less on those damned boring ratio charts, I would not be overly displeased from a recreational standpoint.

Anyway, NFTRH holds 3 U's and I'll start with them. Subscribers with any requests, please mail them along. I almost forgot, pictured here is Uranium Participation Corp., the uranium price tracker that works as a good sector sentiment indicator due to its premium/discount to NAV dynamics.