timwest

US Steel - Looking for a rally from support

Long
BATS:X   United States Steel Corporation
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Comments

I'm going to revisit this trade for next week - consider shorting GM against a long position in X. I bet there is a decent overlay between X and GM and lately GM has been trending up.
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It is close enough to the target to walk away (sell, exit, close positions, take profits). It made it in a fraction of the time. I suppose the news out of China to spur on their economy with massive infrastructure spending really super-charged this rally. Cheers.
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admin timwest
Great trade Tim.
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timwest admin
Thanks admin.
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Agreed.
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Followed.
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Followed.
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Followed.
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Agreed.
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Agreed.
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