Re: Flip..or Flop? / STR

Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

Trouble Ticket Forum Policy

Return to Index

TFC Commodity Trading Forum

In Response To: Re: Flip..or Flop? / trades ()

Well TCK.b just broke a two month channel bottom and fell all the way to the Oct/11 low. Might find support there. And that stock is a reflection of Copper and Coal. But FCX is sitting right at its bottom of a two month channel at 31.20 and holding. Almost bought it this morning when it was testing it there but decided to let it slide when TCK broke down. It tends to lead Copper and Copper tends to lead the economy so the story goes. Not good signs. And August is historically one of the most bearish months of the year with stocks. With option expiration on Gold tomorrow I don't trust the rally today at all. I'll likely miss some action but no action is better than losing action for me.