AK Steel another one getting hammered to nothingness. (and I haven’t even looked at in a week.) It doesn’t seem to validate the thesis that the economy is doing OK.
In fact, 3 month average of durable goods with airplane orders and defense/ govt. spending stripped out was down 24% in Sept, a recessionary indicator.
And the utilities have been getting hammered. They seem to believe the fiscal cliff is going to happen. They aren’t worth owning when dividend tax rates rise in the future.
Upside target hit…
http://reddragonleo.com/wp-content/uploads/my-iphone-at-613-am-July-20-20121.jpg
i’ll sit for a bit,,, not too sure on that one
should close neg today
now, the question is: how high will we go?
Facebook GAP fading: http://niftychartsandpatterns.blogspot.in/2012/11/facebook-gap-fading.html
ES Trend update: http://niftychartsandpatterns.blogspot.in/2012/11/es-trend-update.html
AK Steel another one getting hammered to nothingness. (and I haven’t even looked at in a week.) It doesn’t seem to validate the thesis that the economy is doing OK.
In fact, 3 month average of durable goods with airplane orders and defense/ govt. spending stripped out was down 24% in Sept, a recessionary indicator.
CLF is going to have its dividend cut.
And the utilities have been getting hammered. They seem to believe the fiscal cliff is going to happen. They aren’t worth owning when dividend tax rates rise in the future.
as soon as a stock has 2 down days, the bulls come in and take it right back up!
WLP and CLF update
http://zstock7.com/?p=7143#comment-721949919