Funds Flow Analysis of Market Vectors Steel Index (SLX) and Implications for Worldwide Steel Direction and Steel Companies:
3 April 2018, Tuesday, 3.36pm Singapore Time
Attached is the Funds Flow for Market Vectors Steel Index. It is one of the important litmus for US and Worldwide Steel, Steel Stocks and Steel Related Industries. It also gives a glimpse to the current stage of economic cycle we are in right now -- the rapid expansion phase. This is in sync with the mid-stage cycle of the bull market which you would had learnt previously (standard economic cycle: rotation from tech stocks to cyclical stocks and commodities). Study the funds flow of steel above carefully to have a feel of the real flow of worldwide economy and international trade and finance. This is the place to breathe and feel the flow. The reason why steel will continue to perform strongly and why funds inflow will continue to come is as per explained in the FFA Chart.
Steel Vector: Up. Vector Magnitude: Strong.