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.
It appears that the steel sector & various individual steel stocks are setting up as potentially lucrative & objective swing trading opportunities. The following video begins with an overview of the steel sector followed by coverage of the following steel stocks: MT, STLD, GGB, X, AKS, WOR, FRD, GSIH & SLX (Steel ETF).
A look at the steel sector including the charts of many individual steel stocks with support, resistance & price target levels.
The X (U.S. Steel Corp) Long-Term Trade has now hit the final target, T4 at 40.50, for a gain of 127% since entry. X is a good example of the difference between the regular Long Trade Ideas and the Long-term Trade Idea. As stated back in the original post on May 3, 2013 when X [...]
The X (US Steel Corp) Active Long-term Trade has hit the third target (T3 at 32.25) for an 80.9% gain from entry. (The actual total return is considerably higher as the above average dividend yield has significantly reduced the cost basis on this trade since inception). T3 was hit on Wednesday on a sizable gap. [...]
The X (US Steel) Long-Term Trade Idea has now cleared the T2 level while up over 53% from entry. The long-term charts still look constructive although the stock is becoming quite extended (overbought) & as such, the risks of a sudden pullback before T3 is hit are starting to rise. Make sure to adjust stops [...]
The X Long-Term Trade Idea, originally entered back on May 3rd at 17.83, has now hit T2 for a 41.6% gain. Consider booking partial or full profits and/or raising stops if holding out for T3 or T4. Updated weekly chart.