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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

AKS First Price Target Hit for 15% Gain

AKS (AK Steel) has hit the first target (8.30) for a gain of 14.5%. Consider booking partial or full profits and/or lowering your stops if holding out for T2 or the potential (but still not official) T3. At this point, it would be prudent to lower stops to 10.15, just above yesterday's reaction high or [...]

Jan 25, 2017 9:48am|Categories: Completed Trades - Short|Tags: |Comments Off on AKS First Price Target Hit for 15% Gain

AKS Swing Trade Update

AKS (AK Steel Holding Corp) is currently indicated to gap up on earnings today, trading at 9.82 in pre-market right now (or at least when I started to compose this update). That is only 11 cents above the entry price of 9.71 & right around the 9.75 resistance zone. A failure to hold this morning's [...]

Jan 24, 2017 9:13am|Categories: Completed Trades - Short|Tags: |4 Comments

Stock Market, Precious Metals/Miners & Trade Ideas Update (video)

This video starts with analysis on gold, silver, platinum & GDX, followed by coverage of the US stock market (via SPY, QQQ & IWM) various sectors & some of the recent trade ideas posted on Right Side Of The Chart.

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