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United States Steel Corporation $X Daily Elliott Wave View
Read MoreUnited States Steel Corporation (NYSE: X) is the second largest steel domestic producer behind Nucor Corporation (NYSE: NUE) and also the world’s 24th largest steel producer. Last year, Steel price surged higher reaching new all time high of 4772 in December gaining +60% before a correction took place. The price is expected keep rising in the coming years […]
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Baidu (BIDU) Resuming the Bullish Cycle
Read MoreBaidu, Inc. (NASDAQ: BIDU) is one of the largest Chinese multinational technology companies specializing in Internet-related services & products and one of the premier AI leaders in the world. Last week, Baidu has reported excellent results in Q4 which helped its stock to bounce +15%. Solid margin expansion and good developments on several fronts were on the headlines behind the recent […]
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Dow Jones Iron & Steel Index DJUSST Bullish Sequence
Read MoreLast month, Dow Jones Iron & Steel Index DJUSST managed to break above December 2016 peak and created an incomplete bullish sequence from 2016 low calling for a move higher toward equal legs area $374 -$411. In the daily chart, we can see that the move higher was expected to pullback from the 61.8% – […]
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Wells Fargo WFC Remains Bullish
Read MoreWells Fargo (NYSE: WFC) is the world’s second-largest bank by market capitalization and the third largest bank in the U.S. by assets. Last week, the Bank was fined $185M by the FED for ‘widespread illegal practices’ because of the recent fake accounts scandal and it was banned from growing until it convinces authorities it’s addressing shortcomings. It’s […]
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Prosperity Period for Airline Sector
Read MoreAir travel has become so commonplace that it would be hard to imagine life without it which made the airline industry is vital to our world. It contributes to global economy by connecting cities / countries and it enables the flow of goods / people. In the past, the airline industry was at least partly government […]
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The Rise of Cryptocurrencies
Read More2017 was the mania year of cryptocurrencies without a doubt, ICOs (Initial coin offering) exploded in 2017 raising more then $3.5 billion in cryptocurrency and currently there are more then 1,400 new coin in the market compared to six years ago as bitcoin was the only cryptocurrency people talked about. The cryptocurrency market continued its growth in 2017 […]