|Day Low/High||7.92 / 8.36|
|52 Wk Low/High||2.63 / 9.02|
The indices are holding up but the underlying action has been quite chaotic.
SLB doesn't look like it has much downside risk, but it may not be a mover in the near term.
The creature from beneath your bed, or from the darkest recesses of your closet, can still spook the marketplace.
There probably will not be a trade war, beyond the intention of making a point.
It may be time to take some money off the table on select Trump stocks.
Bearish names dominate this week and financials in particular.
We need to watch closely to see if this poorer action develops further.
It is a different mix of action today, with some issues in a few sectors, but the buyers remain stubborn.
You can feel the misery of those who are struggling with feelings of being left behind.
And be aware that the trade is already long in the tooth.
This market just doesn't have much respect for arguments that seem extremely logical.
Today's rally is less-Trump, more-earnings; but don't get too cocky.
Use any weakness to buy more of the iron ore producer is my suggested game plan for aggressive traders.
The obvious course of action is to look for ways to put capital to work.
They have become a referendum on Trump's plans for lower corporate taxes.
Breadth is running very solid, and there is a favorable technical setup.
Steel and iron stocks could make interesting speculative plays.
A large saucer pattern on CLF gives us a $14 price target.
We like to see broad participation among stocks that have been latent for years.
I'm talking about head-to-head comparisons of companies.
A positive chart pattern and an upgrade from TheStreet's quantitative service makes this mining company an attractive candidate for purchase.
Among other metals, silver is treading water while zinc is a big mover.
Autos here and abroad, airlines, oil … the list goes on.
Central banks are not likely to be raising rates for at least a few years.
Shares of Cliffs Natural Resources traded lower on Thursday despite news that it will be restarting operations at its United Taconite mining facility in August.