The market saw a ferocious President come out today when President Trump took center stage and signed an executive order benefiting the steel industry. In his bid to Make America Great Again – Trump signed his order with the steel industry front and center for the world to see. Steel stocks on Wall Street reacted immediately to the signing of the order and jumped. X moved 7% on the day and closed @ $30.51. This move in steel stocks is the perfect example of a new super cycle and it is not impossible that we could see X trade past $35.00 in the next 180 days. Keep X and steel stocks as watch as the Trump Presidency plays out.
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