Hi Shoppers,

Check out the bullish chart on Cleveland Cliffs (Ticker: CLF):

Before creating a large bullish candle yesterday, CLF traded down to close the gap created on January 12th.

It is very close to trading over the resistance at $21.10. Once it does, I think CLF will trade back up to the previous high of $22.50.

Then possibly on to $24.85.

Looking at the options, next week’s 20.50 calls are around $.59:

These are a tad bit pricey, let the stock trade for a while and some gas will come out of these.

Trade Review

Sunday I recommended puts in General Motors (Ticker: GM), if it traded lower, it has not.

I did not get the confirmation so I did not make the trade.

Thanks for Reading … See You Next Tuesday,

Licia Leslie