Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Dr. Copper is Beginning to Rumble on the Upside

Both Spot Copper and copper producer Freeport-McMoRan Copper & Gold Inc. (FCX) have the right look of "bottoms-in-progress."

Whether the back-story is global (US and China) economic growth acceleration, or a very accommodating Fed that overstays its NZIRP, or both, "Dr. Copper" and its derivatives appear to be setting up significant longer-term bottoms-- presumably ahead of a period of sustained upside.

Copper Miner FCX is leading the metal, and is nearing a confrontation with a 19-month resistance plateau at 38.00, which if hurdled and sustained, should trigger upside continuation that projects to 35.00-36.00 next.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!