Apr. 3 at 12:27 PM
Tariff changes across steel, aluminum, and copper are starting to reshape the entire metals trade
👉Click to view @NasdaqPulse for timely updates amid the volatility.
$AA is pressing near 52-week highs around
$71.53, up ~34.6% YTD. Momentum still intact with RSI holding in the high 60s and price well above the 50-day. Not overextended—just strong.
$CENX continues to lead the pack, up ~60% YTD and trading far above its long-term average near
$34. Even with a slight pullback today, the trend remains firmly bullish—this looks like consolidation, not distribution.
The metals ETF
$SLX is sitting near
$92.49, just under its 50-day at
$94.68—a key level to watch for continuation. Names like
$NUE and
$CMC could follow if strength returns.
Bottom line: simplified tariffs = clearer margins for domestic producers. Dips are getting bought, not sold. The trend is intact until proven otherwise.
