While it maybe unfair to pick one stock, AXU’s daily TSI indicator is now the lowest it has been since the depths of the bear market.  If this is going to continue in a bull market, it is a screaming buy right now.  OTOH, maybe this is setting up just like the initial drop in 2012 that started the devastating bear market.

However this plays out going forward, I am expecting some sort of bounce in the near term.  It may be meager, but even if AXU ultimately goes back to 25 cents or lower, it will have to bounce on its way there.

I’m still a bull, but I would really like to see a large V-bounce and for price to make a higher high than last summer.  Of course since that’s my “hope,” that probably means we will make a lower low after an upcoming bounce (even if we are still in a bull market), because that will shake off the most investors possible.