Curated By Josh Caplan
Curated By Josh Caplan on EmailCurated By Josh Caplan on FacebookCurated By Josh Caplan on InstagramCurated By Josh Caplan on Twitter
2 months ago

President Trump signed an order that authorizes Commerce Sec. Wilbur Ross to conduct a review on steel imports and how it might adversely affect national security. It is widely believed the findings will result on massive curbing of Chinese imports, which is said causing American steel stocks to catch fire.

Shares of $X, $AKS, $TMST, $SCHN, $CLF and $ZEUS are leading the fray higher.

The rally in basic resources has caused another upleg in markets with gains approaching +200. Clearly, we were oversold, especially in steel.

Last week, in Exodus, I highlighted the oversold nature of the steel sector and suggested a few names. Yes, it really is this good.