Tag Archives: Steel

Your Wednesday Blip 3/31/21

As investors begin to analyze the infrastructure bill announced today by President Biden and headed to Congress for debate, the markets closed mixed with the NASDAQ higher while the Dow fell 85 points to 32,981. Trading volume was up and current market indicators from BTS and IBD are positive.Steel stocks bolted higher today after Cleveland…
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Your Thursday Blip 12/17/20

Stocks were higher today as stimulus talks appear to be making headway. At the close the Dow was up 148 at 30,303. Trading volume was higher and both IDB and BTS indicators remain positive. Let’s talk a bit about increasing prices in steel, timber, gas and oil. Steel stocks have been moving higher lately. Steel…
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Your Wednesday Market Blip 10/9/19

Trade talks seem to be the only game in town these days. Trade “hopes” drive stocks higher while trade “fears” drive them lower. Today it was trade hopes and the Dow closed up 181 points to 26,346. Trading volume was lower. Third quarter earnings get going with Delta Airlines reporting tomorrow. Next week all the…
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Your Wednesday Market Blip 3/20/19

The Federal Reserve broke huddle and quarterback Powell called a unanimous “no rate hikes today or for the rest of 2019” play. QB One said concerns over “global” economic conditions and muted inflation pressures” were the driving reasons behind the call not to mention the board was feeling good because this is the time of…
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