Stock Market Commentary by full-time trader and best selling author Bob Kudla AKA "BobLovesHawaii"
Showing posts with label Steel. Show all posts
Showing posts with label Steel. Show all posts
Thursday, May 19, 2011
Saturday, February 12, 2011
Thursday, December 9, 2010
Watching Posco as a Short
Once Posco broke out of its rising trendline it has formed a series of lower highs and lower lows. Yesterday it broke below its 50 EMA. I placed it on my watchlist to short when it breaks the 50 again. a break above yesterdays high invalidates my thesis.
Monday, November 29, 2010
No Carnivale for RIO
The steel stocks look weak, and this miner is a big supplier to this industry. It broke the 50 EMA today, and if it closes below that level, I am placing a short on it.
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