what's up with X? one months ago it was 70 and now 55. i do see is that it likes to touch 200 MA (~50 now)
down another 2-3% today while the market is up. could X be forecasting the pending market decline? i see that it dropped very fast during Jan-Feb correction.
Steel prices up. Stocks like MT doing just fine. Utilization way up for next Q. In fact, Europe not being vertically integrated means settling ore prices bodes well for margins as well. Stocks like Ford, Best Buy up, etc. Last time it dropped, the right thing to do was buy. Feels like a technical test.