Steel stocks have broken their downtrend but they're currently butting up against a major resistance zone. With its wave count and it being so early on its new uptrend, it should have no problem, in time, breaking the $45ish resistance zone. https://s3-us-west-2.amazonaws.com/maven-user-photos/seanhyman/technical-analysis/IOSU6hIfr0e_ddd3b0bprg/A8DmIfFoWE-eBUgO3acV9A
Each quarter, the "big boys" in the market have to report their positions because they're so large. Once those reports are made public, it shows what stocks they're adding to or reducing their exposure in and what stocks they've recently bought or completely sold out of.