Should the market offer up a further bounce this week, keep an eye on Steel Dynamics to resolve higher from the tight bullish consolidation, below.
We have looked at this one before as a long idea, due to strength in steels and the merits of its own chart. I like it on any further strength with a stop-loss below $20.50.
On the short side, keep an eye on any weakness in the consumers staples, as quite a few are bear-flagging here.
Drop me your top tickers overnight.
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Ya that looks excellent…jeez I was reading about steel today…bullish FA.. Will have to find it later.. That looks solid
Crosscurrents globally in steel: in these cases price dictates everything: will be interesting. Such a nice chart all time frames.
Steel..
holding its own for a few months now (could be..maybe..well over a year?)
😉
what did the charts tell you in April 2013?
going to zero..?
GPS break out of 1 year triangle – target +15% higher