Tag Archives: FCX
Miners et. al.
BHP…this is a cheap look to buy against 69.20 for the short term trader. 68 is the level for the longer time frame investors to try a long. FCX…38 is our preferred level. Nem…52.85-37 is the area of interest. The … Continue reading
Miners…Cat
This is a mixed bag…BHP & FCX look good, however NEM & SLW can’t get going with the Gold sell off. Since NEM & SLW are close to our entry points, we will sell these longs by the close today. … Continue reading
Risk On Portfolio
All the big cap High Yielding Multinational names are trading better than the overall stock indices. In the mining sector, FCX and BHP are following through confirming the upside patterns from yesterday. I think you’ll have better luck trading the … Continue reading
Bottom Fishing…EUR/CHF
We’re seeing the running of the lemmings with some prolific bottom fishing in the usual big Cap names. FCX looks to be leading the pack. The big question ” Is this just another rally to nowhere from a very over sold … Continue reading
Risk On?
I’ve been flipping through the chart patterns of many well known names. CAT,OXY,FCX,BHP,DIG,DE to name a few. For the most part all these patterns are very similar to the S&P 500 Futures. The Spu has gotten the stops over yesterday’s … Continue reading
FCX…
Freeport-McMoRan Copper & Gold Inc. 57.60-70 is the level to watch for tone. This is daily and weekly resistance. Sustained price action above this level would signal further gains to come in the metals complex.
FCX…X
A close above 57.60 ( that’s correct! they did a 2 for 1 split yesterday) and more upside is in order. X (U.S. Steel) has just elected the stops above 61.18 which is a double monthly top. Keep this on … Continue reading
Relative Value
There is not much I don’t think is too rich on the board, however CCJ ( Cameco) FCX ( Freeport McMoran), GE seem to be instruments where you can at least quantify your risk. FCX is off close to 20% … Continue reading