Wednesday, July 8, 2009

FCX short was triggered

DR Copper is promulgating the patient is turning for the worse, a broken neckline is no way to bring down LME copper stock levels. FCX does copper and gold and they are both likely to head down. FCX broke a neckline. This stock is heavily traded and gamed, so you better be ready for some shakeout moves.

Charts along with new ES chart to come later.


  1. This comment has been removed by the author.

  2. Steve, Dr. Copper broke the 50 day SMA today.

  3. Thanks for the info.

    Cool, I do solar, so I need lower prices to sell to more customers. Plus my short on FCX out to do fine although I am slightly at a loss right now.

  4. FCX ran's a volatile stock in a volatile market. My stop hit, and hopefully I can short from a higher level.


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