Today, the DOW continues to slight, removing all hopes of a recovery. The market is in a bear trend now. Any long positions would be punished by market players.
Hedge long positions with some shorts.
US Steel surprisingly held its support level and stayed in the green despite the red DOW. All its peers are trading 2% down. I might be watching the market carefully, any downward signal would be nasty for US Steel too and it may test a lower support of $41.
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