Tag Archives: FCX
A.M. Look 2/22/16
Stocks… Spu’s….1942.50 is the 50 DMA resistance. Near term support will be at Thursday night’s high of 1922. Midcap…61.59 is the 50 DMA. Both the Midcap & Russell have similar patterns. Bonds.. 30 yr….166.20 will be pivotal over the next … Continue reading
Midday Missive
USD/JPY…macro stops are being elected with a potential ORL in play. 80.74 in JYAM is the level to watch. AUD/USD…77.65 is resistance and the upside momentum # Spu’s have held the 50 DMA on today’s low. FCX & BHP are … Continue reading
Midday Missive
The DAX looks to have bottomed for a bit. HEDJ… has rejected yesterday’s negative technical pattern. This should go up and test 65.60 if it’s good. Closing over 66.20 should be considered a resumption of the trend. Metals & Miners…Silver … Continue reading
A.M. Look 4/30/15
Stocks… Equities will be all about the sectors and the individual names within. Spu’s…sell stops are below 2090 support. Nikkei…19,400 is a level that needs to hold over the next day or so to prevent a deeper correction. SLB…broke … Continue reading
A.M. Look 7/29/14
Stocks… ABX…breaks out to the upside over 18.80. FCX…gains upside momentum over 38.50. MELI…strengthens with a close over 92, which then gives it potential to reach 100. Bonds 30 yr. Bonds…Price action and a close under 137.22 is needed for … Continue reading
A.M. Look 7/23/14
Stocks… BIIB…294.45 is 200 DMA and monthly trend support. 302 is the Monthly ORL #, the level that needs to hold for a positive pattern at month end. BA…Boeing reports today. 130.30 is the 200 DMA resistance. This one needs … Continue reading
Food for Thought
Here are a few names to look at. EEM…Emerging markets show a blow off low last week. I’d still rather look for U.S. names than roll the dice overseas. NYCB…is interesting simply because it put in a new low and … Continue reading
Midday Missive
UNH…United Healthcare is a cheap look against today’s low. This is good as long as there is no close below 72.30. Options traders should be eyeballing the Jan 31 74 calls if you can get them on a break around … Continue reading
Midday Missive…With/ Trade Alert!
Short term traders…1675.25 is the daily ORL # in the Spu’s. The market is definitely aware of the level. Not only is it the qtrly close but when you add in an ORL to boot it becomes a major inflection … Continue reading
A.M. Look 9/27/12
Metals…Yesterday’s lows in the Gold, Silver & GDX should be used for short term money management on Long positions. Miners… BHP…66.81 was the 2/3rds coming back on the month. This needs to bounce from this level or lower levels will … Continue reading