Tag Archives: MCP

A.M. Look 7/24/13

Stocks.. RIO…Rio Tinto is bottoming on a monthly chart. We’ll buy this on a break @ 44.60-70  given the opportunity before month end. PAAS…the chart pattern looks good as long as there is no close below 12.40 SLW…23.40 is the … Continue reading

MCP_Molycorp_Inc_Daily.gif

MCP…is trying to pick itself up off the mat again. Closing over 11 should see this taking another look at the 50 day mvg avg around 12 with an unemployment report that’s not devastating

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

MCP….Molycorp

            A close over 12.67 puts in an ORH day. This would have us looking for 14.35

General Comments

Today’s game is in the beaten up Mining names and the energy ETF’s. FXI…Looks ok against 33.25. MCP…13.49-14.35 will be the level to not buy strength into the first time up. This looks to like it wants to test 15. … Continue reading

A.M. Look 8/30/12

MCP…the action is still in the individual names. Above 10.30, which is now support, you have an ORH week which looks to have a pretty high probability of completion at this point. Up 30+% in two days. The weekly buy … Continue reading

Position Update…General Comments

Many of you have lightened up your exposure. TLT…Longs were originally paid for by selling partial positions just over 120 on Monday. We’ll adjust the stop on the remainder in the A.M. MCP…You should have no position left. We originally … Continue reading

MCP

This is currently trading up 8.5 % in pre market. Good place to pay for your trades….  

A.M. Look 2/1/12

General Execution Note… Most of you are at your screens for the first few minutes of trading everyday, regardless of your day job. When an instrument is up 5% just after the opening, and 10% in a couple of trading … Continue reading

TGT’s…MCP…SLW

This is a reminder to pay for your trades near the targets. “Sell some of your position off to pay for the trade” It’s always prudent to take some money @ or near tgt objectives. This exercise dramatically reduces your … Continue reading