Applied Materials Humming

Applied Materials Humming

Best gain of the year today for $AMAT.  The stock is up over 7.5% and trading near the highs of the day with an hour to go in the session.  Overall the semi sector has been moving well since the open.  The $SMH continues to expand this morning’s early pop and is...
Encouraging Alcoa Action

Encouraging Alcoa Action

At this week’s low Alcoa was off nearly 50% from the ugly mid April spike high.  This steep slide has pushed the stock down to major support near the 40 week moving average.  $AA is setting up as a low risk buy. More: $AA produced excellent results in its Q3...
Has U.S. Steel Bottomed?

Has U.S. Steel Bottomed?

Earlier this week U.S. Steel printed a new 2018 low after dropping nearly 50% from the March peak.  Since its last earnings release(8/2)alone shares have fallen over 30%.  This steep decline has pushed $X down to a major support zone near its 40 week moving...
Gold

Gold

If you wanted to get long Gold, wait for a close above 1244 w/ a stop on a closing basis $ 2 below today’s...