US STEEL coiling up$x $aks US steel looks good-Potential for lower prices before it breaks above this descending pattern. I was bearish on X above 46. I didn't think it would come this far down but some special could be in the works.. It could go RIPPING higher but I would not blink if it dropped to 5 or 6 per share again. Bear chart from 2018:
Steel
CRAMER IS A FRAUD! SHORT SELLERS ARE PAYING HIM OFF! *** BUY ***ON JANUARY 11, 2019...CRAMER SAID THE FOLLOWING ABOUT CLEVELAND-CLIFFS...
Jim Cramer Gives His Opinion On Cleveland-Cliffs, SINA, Take-Two And More
Craig Jones , Benzinga Staff Writer
January 11, 2019 8:23am
On CNBC's "Mad Money Lightning Round", Jim Cramer said Cleveland-Cliffs Inc
CLF 4.52% is the best company in the show...
NOTHING HAS CHANGED SINCE CRAMER TOLD PEOPLE "CLIFFS IS THE BEST COMPANY IN THE SHOW...ACCEPT..CLIFFS PAID OFF SHORT TERM DEBT AND ISSUED AN OVER $100 MILLION SHARE BUYBACK ALONG WITH RECORD EARNINGS.
INSIDERS HAVE ALSO BEEN BUYING UP THE STOCK
FOLKS, READ CLIFFS LAST EARNINGS CALL / TRANSCRIPT..
CLIFFS RECENTLY PAID OFF SHORT TERM DEBT, THE COMPANY HAS NO DEBT COMING DUE FOR A GOOD 5 YEARS
SINCE JANUARY 11, CLEVELAND-CLIFFS HAS BEATEN EARNINGS EVERY QTR WITH NOTHING BUT POSITIVE CONFERENCE CALLS
THERE IS A HUGE SHORT POSITION IN CLIFFS AND IF THE STOCK SPIKES UP, THE SHORTS WILL LOSE HUNDREDS OF MILLIONS OF DOLLARS.
ON OCTOBER 19, 2018, Cleveland Cliffs CEO Lourenco Goncalves berated analysts and short sellers on his company's conference call.
TODAY, IRON ORE WAS UP OVER $3.50 TO $96.01...THERE IS NO SLOW DOWN OR SURPLUS FOR IRON ORE AND IT CONTINUES TO MAKE RECORD HIGHS
CLIFFS HAS ITS PRODUCT TIED INTO LONG TERM CONTRACTS AT VERY HIGH PRICES
WHEN CLIFFS WAS TRADING AROUND $78 YEARS AGO...IRON ORE WAS NO WHERE NEAR WHAT IT'S TRADING AT TODAY! CLIFFS IS MAKING MONEY HAND OVER FIST AT THESE RECORD HIGH PRICES
THE CEO SAID THERE IS NO SURPLUS AND HE SEES THE ROBUST DEMAND FOR HIS PELLETS CONTINUING INTO THE FUTURE WITH NO SLOW DOWN
SO...THE CEO HAS BEEN VERY OUT SPOKEN AGAINST THE DIRTY WALL STREET BROKERS AND SHORT SELLERS...AS USUAL, IT'S OK FOR DIRTY BROKERS, ANALYST AND SHORT SELLERS TO TALK NEGATIVE ABOUT A COMPANY BUT GOD FORBID THE CEO TALKS NEGATIVE ABOUT THEM. SAME OLD DIRTY GAME, ANOTHER CORRUPT WALL STREET DAY.
CRAMER IS A CROOK...HE PUMPS STOCKS TO BENEFIT HIMSELF AND HIS WALL STREET CRONIES.
ON 08/16/2019...JIM CRAMER WAS ALMOST CRYING AND SAID..."VIACOM CLASS A & B ARE BOTH TRADING LOWER AND IT IS DRIVING HIM CRAZY. HIS CHARITABLE TRUST OWNS VIACOM CLASS A."
WELL CRAMER...HOW DOES IT FEEL TO GET SLAMMED!
VIACOM DAILY CHART LOOKS LIKE THE COMPANY IS GOING BANKRUPT AND IT CONTINUES TO SINK!
YOU KNOW WHAT THEY SAY ABOUT PAYBACK RIGHT CRAMER?
CRAMER'S FRAUDULENT REMARKS ON CLEVELAND-CLIFFS TODAY WILL BRING HIM BAD CARMA INTO THE FUTURE AS YOU CAN ALREADY SEE, VIACOM IS GOING BANKRUPT!
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Trump the Great! (Or Not)Trump has been in Office for 921 days. He campaigned on bringing back old industries like steel and of course 'clean' coal. He lived up to his promises of lifting and removing thousands of environmental regulations and laws. So what are the results?
....................1/20/09 - 1/20/17..............1/20/09 - 7/30/11..............1/20/17 - 7/30/119 ..........
ETF .............. OB %chg after 8 Years..............OB Days in Office 921..............TR Days in Office 921
SLX .............. 55.58%............................144.79%............................-7.35%
KOL .............. 1.18%..............................281.81%...........................-2.80%
XLE .............. 69.18%..............................73.26%..........................-15.62%
TAN .............. -74.91%..............................-7.66%...........................63.31%
SPY .............. 181.42%...............................9.84%...........................32.63%
QQQ .............. 340.81%............................106.47%...........................57.23%
XHB .............. 218.83%.............................54.52%............................22.74%
Lessons to be taken. 1. Regulations can help keep smaller players out of your industry, thus reducing competition - Hence 'drill baby drill' not always a good thing.
2. No one believes or want our 'clean' coal. 3. The masses are smarter than the select elite few who deny climate change and are investing in solar.
AKS support and resistance, can it break through?looking where AKS might head next, may need to cool down a bit before pushing higher, but good earnings and momentum are on its side. needs to hurdle current levels and create a base here for me to want to go long, If you missed the run, wait for some consolidation at support and go long with a tight stop. GL
Turkish steel manufacturer will 4x your investment in 4 yearsDepressed Turkish Lira and the local economic indicators have been weighing in to the valuation of this fundamentally solid company. I recommend buying and holding this stock at this level in (USD terms) and holding it for at least 4 years. It will pay off if you have the tolerance to be patient.
Steel Stocks Ready to RumbleCup and Handle Patterns on all the major players and the ETF. Bullish pattern
TX LongTX, Ternium S.A. Steel company. I believe a short term bounce is imminent given the strong balance sheet and income statement. On top this company pays good dividend, which would make it highly lucrative for longterm and income oriented investors. However, TX is not as liquid relative to other big mining companies, thus sharp price movements occur frequently. I feel selling is over done even though stock is still in the down trend channel. With upcoming qe and fiscas stimulus in China, demand for steel may pick up in near future. Furthermore, there is a widening divergence between steel and iron ore prices. I believe this divergence has to close in time, as iron ore is the primary component of steel.I believe there will be a strong support with +-5% but has a good upside.
Business Cycle update - Still more downside for Steel and RatesBusiness cycle still points to more downside in steel prices and treasury rates. Recent declines are too fast and such fast declines are usually followed by some bounce/consolidation before more downside.
(2X-3X) $NCS Already showing signs for reversal? This could setup to be a big 2x or 3x move coming. $NCS is a metal building company and owns lots of components and products used by other companies. They had a big merger and are re-branding to Cornerstone. This will be huge for the company, and with steel prices looking to rebound a reversal is setting up nicely. Also, weekly bullish divergence is occurring (see previous chart).
Don't get in a Pickle!
$NCS Potential Head and Shoulders Bottoming Play? 2x Possible Your main pickle here fellow traders. I believe a clear trade setup is here. Merger with Ply Gem might let this one take off. Green lines are/were uptrend channels, red for downtrend. Brighter colors for more recent/relevant ideas. Setup as follows:
Entry below ~$7.00
Exit between ~$15.00-$16.00 - possible taking profits at other levels on the way up (i.e. $10, $12, $14, etc.).
Stop loss ~$6.00
Happy trading, don't get in a pickle!
The Shill Pickle
5 MILLION SHARES, BUYOUT / GOING PRIVATE. VALUE PLAY, STRONG BUYWe have been in and out of Cliffs for a while.
Recently, the stock again popped up on our scanner.
Cliffs is the oldest iron ore company founded in 1847
We did hear a rumor of a possible buyout / merger and even the potential for the company to go Private. If either of these rumors pan out, we think the stock is worth at minimum, $20 all day long!
Currently the stock is trading at an extreme discount to the industry. In fact, J.P. Morgan just raised the price target to $17.00 due to the high demand for Cliffs Iron Ore.
The stock should be trading around $15.00 right now and upwards of $18 to $20 after the next earnings report.
At current levels, Cliffs is a GIFT!
We are currently only holding CLIFFS and 4 other positions. Everything else we've posted and sold has produced us great returns.
Our track record within TradingView speaks loud and clear!
Position: 5 Million Shares
Average Cost: $9.75
LONG
EVR Pushing the ATH.EVRAZ is pushing its ATH- which was last years YR3. As can be expected there are some signs of profit taking at this level but shares are being bought up immediately and if this continues EVR will break its ATH into clear skies. 603 is the YR1 pivot. Looking at last year there was a major pullback each time EVR reached a yearly pivot so waiting for a weekly close above, or buying the pullback is the move.
Volume profile shows a double distribution with the POC at 376, however value is consistently building higher into a positive skew to support the bullish thesis, with the POC for the broadening formation at 535.
Fundamentals are excellent, as is the dividend. Stockopedia 99/99.
Business cycle points to weakness in EM equitiesSlowing business cycle also points to further weakness in EM equities until end of 2019 or steel prices turn higher.
SPX may be more resilient but upside should be limited.
IF EM equities will be under pressure, it is likely that DXY will be strong in the coming months.
SHORT EEM bounces. Be cautious on SPX
Business Cycle points to more downside in Steel and Rates Business cycle has turned down again as depicted by steel prices and long term treasury yields. Last time, it was Chinese money printing that kick started the cycle again. This time Chinese are still slow to inject meaningful liquidity to the system. Once they get going, it takes 9-12 months for the economy to feel the real impetus. Hence, business cycle is likely to put pressure on rates and risk assets at least until the end of 2019.
LONG TLT and SHORT Steel Companies
Reverse Head&Shoulders finishing?!I've been watching this for the last few months and I feel very optimistic about AKS. Once the new year comes around, their contract prices are set to update, and I think this could drive us through the shoulder line. I've only been trading for a couple years though, and would love some 2nd opinions. I realize that once you think you see something, sometimes it's difficult to dissuade yourself, so thank you.
USD/TRY potential LongThis potential Long entry point in the chart is based on multiple technical and fundamental confluences, most of which i'm not going to give out
Note that FX markets and Turkish lira movement is based on fundamental information as any breakout of technical levels happens for fundamental reasons so I highly advise you to be unbiased and watch topic related news and periodical economic releases.
My stance (long/short/TP/SL/entry point) might change anytime if some new crucial info would come out.
Note that Turkey has highest USD denominated corporate debt burden among emerging market countries, with maturities sharply rising from 2019 and peaking in 2022. Meaning any near/medium term USD strength will have negative Lira effect as USD strength will complicate Turkish foreign debt repayment and will have negative pressure on Lira (USD/TRY strength)
Stance of TCMB on any potential Lira weakness will be interesting to see as well as FED tightening
Greek philosopher Plato once said "Opinion is the medium between knowledge and ignorance"
Don't ignore anything and do your own research thoroughly before you commit any capital.
You can make money pretty quick in FX markets but you can lose them faster than anyone