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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Allegheny Technologies (ATI) Moves Higher On Earnings, Steel Pop

Specialty metals producer Allegheny Technologies (ATI) was trading higher on Tuesday morning after exceeding Wall Street expectations. The company reported earnings per share of $0.32 and total revenue of $979 million, compared to analyst estimates of $0.24 and $933 million. Allegheny up on Earnings and Steel Pop As well, Chinese…

Alcoa (AA) Drops 12%: Cycles Suggest to Sell The Bounce

Alcoa (AA) plummeted 12% on Monday morning, after the US Treasury Department softened its aluminum sanctions. Aluminum prices fell by 8%, after a the Treasury Department said it would reconsider its stance on sanctions affecting Rusal, if Oleg Deripaska relinquished control in the company. “The US government is not targeting…

S&P 500 Weekly Outlook: Choppy Price Action To Continue

The S&P 500 (NYSEARCA:SPY) rally faded last week as traders lacked conviction. The week ahead should see choppy as the focus turns to earnings reports and interest rates. See my forecast (and in-depth video) below for more details. S&P 500 Cycle Outlook for the Week of April 23: The stock…

Skechers Stock (SKX) Declines Sharply As Cycle Turns Lower

Skechers (SKX) traded 28% lower on Friday morning, catching investors by surprise, after lowering Q2 guidance to below that of Wall Street analysts. Overall, SKX managed a decent earnings call, reporting earnings per share of $0.75 and revenue of $1.25 billion, compared to analyst expectations of $0.74 and $1.20 billion….

Philip Morris Stock Outlook (PM): Capitulation Is Finally Here

Philip Morris International (PM) traded 14% lower on Thursday morning, after reporting earnings that beat Wall Street expectations but missed on revenues. Whoa! Philip Morris reported earnings per share of $1.00 and total revenue of $6.9 billion, compared to analyst expectations of $0.90 and $7 billion. The company updated its…

IBM Stock Outlook: Risk Skews to the Downside

IBM is trading 7% lower on Wednesday morning, after beating Wall Street consensus for earnings and revenue but missing on guidance. Can it go lower?  Yes, I believe it can… read on. IBM reported earnings per share of $2.45 and total revenue of $19.1 billion, compared to analyst expectations of…

Netflix Stock Outlook (NFLX): Cycles Point Higher Yet

Lights, camera, action – Netflix stock continues its move higher Netflix (NFLX) is trading higher on Tuesday, following flat earnings and better than expected growth in subscribers. Netflix reported earnings per share of $0.64 and total revenue of $3.7 billion, compared to analyst expectations of $0.64 and $3.69 billion. However,…

National Oilwell Varco (NOV) Cycle Outlook: Stock Topping?

National Oilwell Varco (NOV) was trading 5% lower on Monday morning after the company warned that Q1 revenue would be lower than expected. After last week’s big move higher, today’s dip produced what is known as a “kicker pattern,” which often signifies a tone change. NOV announced today that it…

S&P 500 Weekly Outlook: News Flow Weighs On Stocks

The S&P 500 (NYSEARCA:SPY) pushed to its highest point in weeks before reversing last week. The price action has been volatile across the major stock market indices with major news headlines still dominating the markets. See my forecast (and in-depth video) below for more details. S&P 500 Analysis and Market…

Alaska Air (ALK) Begins New Market Cycle on a High Note

Alaska Air’s stock (ALK) rose 5% higher on Friday morning, after reporting that revenue passenger miles increased by 6.5% and passenger capacity increased by 7.2% in February 2018. That’s some good news for this beaten down airline. Better times ahead for Alaska Air? Upon reviewing the weekly stock chart below,…