Posts From Steve Miller

Steve Miller
Steve Miller has spent the past 43 years trading stocks, options, futures on and off the trading floor. His nickname, "Slim" came from his CBOE trading floor badge, SLM. A former host and market commentator on the Tasytrade network, Slim currently provides on-air analysis and commentary on the financial markets. Slim has studied technical analysis of the financial markets for decades, with an emphasis on using cycle studies for short-term swing trading. Slim is also active in personal growth work the past 22 years. He has coached individuals and groups, integrating personal healing and leadership. As well, Slim provides coaching and consulting for hedge funds and self-directed traders and investors. Combining many years of financial market experience and facilitation training, Slim brings a rare combination of trading knowledge and understanding of the psychological barriers to trading and investing success.
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Cisco Posts Strong Earnings, Stock Set To Rise In 1H 2018

Cisco (CSCO) rose as high as $45.43 in pre-market trading, an increase of 7.9%. The company reported earnings per share of $0.63 and total revenue of $11.89 billion, beating expectations of $0.59 and $11.81 billion respectively. The company’s performance was driven to an extent by sales in the infrastructure platforms…

Baidu (BIDU) Pops On Earnings But Faces Cyclical Headwinds

Baidu (BIDU) reported earnings of $2.29 per share and revenue of $3.6 billion, which beat expectations of $2.05 per share and $3.4 billion. The stock responded with a strong rally in Wednesday trading. As well, analysts from Daiwa Capital and Wells Fargo upgraded the stock to outperform. BIDU was up…

Under Armour Stock Surges On Earnings… But It’s Not A Buy Yet

Under Armour (UAA) surged 15% after it reported earnings per share that met Wall Street estimates and exceeded on revenue, posting $1.4 billion versus the $1.3 billion expected. In addition, management announced that it would continue the restructuring efforts it started in 2017 to refine key components of its operations….

Stocks Bounce Higher But Market Risks Loom

Monday saw stocks continue the bounce that started on Friday. That day the S&P 500 rallied back from a deep loss to close up 86 points. And on Monday morning, the S&P 500 (SPX) gapped higher to continue the rally.  But market risks are still in the air. Let’s view…

S&P 500 Weekly Outlook: Welcome Back Two-Sided Market!

The stock market declined once again last week, with the S&P 500 (SPX) falling 5.1%. This occurring despite Friday’s reversal and rally back into the green. That rally is carrying over into today’s action. But traders should prepare for another bumpy week. Welcome back, two-sided market! S&P 500 Analysis and…

Nvidia Pops On Earnings But Cycle May Weigh On Stock Price

Nvidia (NVDA) reported earnings of $1.72 per share and revenue of $2.91 billion, both which beat expectations of $1.16 per share and $2.68 billion respectively. The stock was up by 7% in Friday morning trading. The company attributed its earnings to strong demand related to computer gaming, artificial intelligence, and…

US Treasury Notes Are Nearing End Of Intermediate Bear Cycle

As the S&P 500 has been declining in dramatic fashion this week. During this duress, 10 year treasury notes (ZN) have stabilized. A “flight to safety” trade is common when equities decline. That said 10 year treasury notes are in the declining phase of their current intermediate market cycle. This…

Intermediate Stock Market Cycle Shows Its Bearish Face

It was on February 2, “Groundhog Day,” that the stock market’s intermediate cycle popped its head out of its hole. On that day, the Dow Jones Industrial Average ($DJI), shed 666 points or 2.5%. During the following trading session, the DJI lost another 1175 points, or 4.6%. That was a…

Twitter Earnings Beat Expectations, Bullish For TWTR Stock

Twitter (TWTR) reported earnings of $0.19 per share and revenue of $731 billion, both which beat expectations of $0.14 per share and $686 billion respectively. TWTR flew over 20% on the news, trading in the mid-$30s on Thursday morning. This was its first time posting a profit in 12 years….

Lululemon Stock (LULU) Rallies Following CEO Resignation

Lululemon Athletica (LULU) was up 3% Wednesday morning, as CEO Laurent Potdevin resigned from his position, in part due to a relationship with a female subordinate. This was not the sole reason for the resignation, but one instance in which Mr Potdevin fell short of the company’s integrity standards, lacking…