Mar. 17 at 9:13 PM
North Star Check — Mining
$VALE and
$BHP both scoring ~4.5 / 10 in the current regime.
Weak relative strength
Loose bases
Rallies repeatedly sold
Meanwhile infrastructure operators continue to lead:
$ETN $CAT $GE
Translation:
Markets are funding the build phase — not bidding up the raw materials yet.
Miners usually lead later when the commodity squeeze begins.
