|Day Low/High||0.00 / 0.00|
|52 Wk Low/High||1.55 / 3.59|
Momentum is starting to improve again, so this may be a good spot to approach the long side.
I am reluctant to call this a breakout, and am willing to sit back and wait.
Basic materials and industrials stocks pulled markets higher following earnings wins from DuPont and AK Steel.
The steelmaker is poised for a major upside breakout based on the charts.
We want to buy American, but we also want American companies to be able to sell American.
These companies show signs of a change of direction.
I've got my eye on steel and biotechnology names to put cash to work.
AK Steel and Sino-Global Shipping America may be poised to regain their opening highs today.
Unless and until the Dow hits 20,000, that's all we're going to hear.
While we wait for the inevitable event to occur, the best use of our time is to keep digging for trades.
It seems as though the market is programmed to buy news that is supposed to be negative.
Market is having trouble maintaining its strong start.
I'm underinvested, which isn't good when indices are up.
U.S. stocks fluctuate as Wall Street picks apart the likely policies of President-elect Donald Trump.
A quant downgrade and a weak chart do not bode well for AK Steel.
The market has cured many stressed out players, but also created new ones.
Shares of AK Steel Holding were dropping during the trading session Friday after its stock rating was downgraded at KeyBanc Capital Markets.
Steelmakers are getting melted midday following a bearish note from analysts at KeyBanc.
With enough of earnings season now under our belt, we check out the promising themes and the sectors to avoid.
But perhaps the economy is a bit like the Washington gridlock.
Increased steel prices continue to raise shares of the big U.S. manufacturers.