I mentioned X here on the oversold stocks thread. X is acting bullish in the last couple days especially today. Big money begins to buy when they show signsof bottom is in place. Volume is very good X formed a W and broke above middle W now. X finnaly has higher high week candle stick for the time in weeks. Broke out today. http://stockcharts.com/charts/gallery.html?x Look at CLF. Looks very good. It got an upgrade today. Potential buy out here? http://stockcharts.com/charts/gallery.html?clf Overall market seems to want to go back up. By definition up 20% from the bottom begins the bull market. Big money is looking to buy oversold stocks/sectors.
Good luck with steel stocks in a depression-like auto market globally (Toyota is cutting production by an astonishing 50%), few skyscrapers being built, and fake stimulus bills that have little infrastructure spending. Fundamentals ultimately rule.
Peers, news on MT? I know I cutted it from my OPG list but can't remember why. "Arcelor Mittal announces the successful placement of its EUR 1.1 bln bonds "