In the case of US Steel, X sports a nice breakout on the chart due to some very heavy turnover. The strong move on Tuesday shows the power of technicals. The stock had been overbought severely, and that condition has not changed. The best trends show strength and momentum that persists for a long time, rarely giving us traders a good chance to enter. US Steel may enter a short consolidation phase (sideways), but I expect to see it start ramping again shortly thereafter. The buy signals are still intact.
