Well congrats longs....as previous posted out at 8 on stop loss (stupid
) but was unwilling to chase ati and now even more the truth IMHO. ATI is hot no question; with their products and stock price action but this "rally" is built on nothing more than smoke and mirrors. "Analysts" softened their estimates by so much that it now appears as companies "are beating the street" on strong growth. The US economy has a long road ahead of it yet. Still patiently waiting for entry point. Weak volume from 8 to 9 and think ATI will meet some resistance here. Perhaps 20 EMA for entry??
https://stockcharts.com/def/servlet/SC.web?c=ATY.TO,uu[w,a]daclyiay[dc][pc10!b20!f][vc60][iut!Up14,3,3!La12,26,9]&pref=G
Gold bounced off support nicly and seeking up again...the greenback weakening as expected and needed to jump start exports and their economy.
We shall see from here....as previous poster noted sell in may and walk away. Some truth to that old adage they say. I can say Mr. Bush wants his summer rally awful bad before election times again.
Peace
Arm