iBankCoin
Joined Jan 27, 2008
7,009 Blog Posts

Big Day For Steel Stocks, Bitcoin Back Above 10K, & Oil Over $60

Did you guys see the move in steel names on Friday? Is the Trump trade alive and well? Just take a look at the letter X, $AKS, or even down the food chain to names like GGB. Have a look below:

__

Oil is trading higher tonight in the futures session, and looks ready to rock and roll here with the price of black gold back above $62. Many names were left for dead last week, but look ripe for a nice little squeeze here.

We need to revisit the industry maybe as early as tomorrow. What are some of your favorites oil names? From Friday’s runner screen, here are a few ripe to squeeze: SLCA, FMSA, RDC, NOG, & BBG

And, apparently Bitcoin is back trading above 10K. The entire market cap breached 500M for a brief minute, but has since fallen below that mark. $RIOT ruined the fun on Friday with CNBC taking Aim at the company’s CEO. Let’s see if the group can bounce back, here are a few of my favorite proxy crypto plays: GCAP, NXTD, GROW, DPW, & HVBTF

Let’s see if oil can get moving this week, and if this move in bitcoin is for real. See you guys at the open.

If you enjoy the content at iBankCoin, please follow us on Twitter

4 comments

  1. mad marsupial

    If by “Trump Trade” you actually mean “Ross Trade,” then possibly. Tariffs: http://money.cnn.com/2018/02/16/news/economy/steel-aluminum-tariffs-trump/index.html

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. rangersfan

    $clf looks ready to rip

    • 0
    • 0
    • 0 Deem this to be "Fake News"