Shares of U.S. Steel (X) moved higher Tuesday as steel prices in Shanghai climbed to a 10-week high after Baosteel Group, China's second-biggest steelmaker, announced plans to cut its capacity over the next two years. The move is part of the Chinese government's broader effort to pare down a supply glut which The big U.S. steelmakers have long pointed to it as the reason for low prices. U.S. Steel, a member of Real Money's Stressed Out watch list, has seen its shares climb about 165 percent this year.
More from Video
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Breaking down an approach to the long side of this biotech stock.