Opinions
Larry Berman CFA, CMT, CTA
Markst Vectors Steel Index E.T.F.
SLX-N
BUY
Jun 05, 2017
$36.500
Stock price when the opinion was issued
E.T.F.'s
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WEAK BUY
A steel ETF that covers stocks like Rio Tinto, Cleveland Cliff, etc.. The best way to play the global steel sector. Look at the 10 year chart to get perspective. We have seen a good rally already. A classic cyclical play. We are getting to the top end of the range. Not early.
E.T.F.'s
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See his educational segment. The bump we saw in China is over. China will grow at a much lower rate than the last couple of years. He is playing SLX-N as the best infrastructure play as it is steel in the US.