Update on steel positions

Update on Update:   whenever our short and long go green at same time we think "it's a good time to flatten out".   Out QLD for a few pennies, and rest of NUE X ATI for just under 2%.     Back to cash in all accounts. 


Update on our steel positions:

All are through trend-line and because of that we have moved stop to break-even in all three positions.   We're only up around 2% in each so not much cushion but hopefully good enough to stand the chop until we get continuation.     Long NUE 37.67, X 43.55, ATI 45.51.     We're hedged with QLD short from 66.80.  We most likely will take a loss in the QLD position if steels break-out further but want to have it on the book in case of gap down.