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SLX, AKS & Steel Sector Analysis

Member @teeps01 inquired about AKS (AK Steel) within the trading room. AKS, along with the other steel stocks are bouncing today, largely if not exclusively due to the fact that SLX (Steel ETF) is bouncing after the first tag of the primary uptrend line in months. The first tag of support in while is usually [...]

Feb 9, 2017 11:56am|Categories: Equity Market Analysis|Tags: , , |Comments Off on SLX, AKS & Steel Sector Analysis

GILD Approaching Long-term Support

GILD (Gilead Sciences) is starting to look interesting as a potential bottoming play as it approaches long-term support around 64.75 with potential bullish divergences on the weekly time frame. Watching to see how it acts around this level, particularly any signs of a selling climax and/or bullish candlestick reversal pattern around this support level. Unofficial [...]

Feb 9, 2017 9:59am|Categories: Unofficial Long Ideas|Tags: |1 Comment