Tuesday, January 30, 2007

The Steel Index BreaksOut Today



One of the strongest goups today were the steel stocks. The STQ (steel Producers Index) broke out to a new multi year high today. Notice how some of the steel stocks have already broken out a few days before the index. Some of the leaders in this group are MT, STLD, X and AKS..

Posted by Kevin

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1 comment:

brd said...

I noticed the same thing when I saw similar patterns in STLD, ATI, and CHAP last night. They all started a correction in early Dec and seem to be coming back.

2:01 PM

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