Buy steel now

About 2 months ago, I said HongKong stocks and coals were becoming more attractive. Well both EWH (ETF for HK stocks) and KOL (ETF for coals) have reached their 52 weeks high. EWH has especially been soaring in the past 2 months.  The story behind this strong trend is because China has shown solid sign of economic recovering. I think this trend will continue. If you also believe this, then it is a good time to consider steel stocks as well. The rationale is the same: better economy in China, more demand for steel. The ETF for steel is SLX. As you can see, it has gone beyond its trading range recently, which suggests the trend is going up.