+18% on FCX

On Sep 9 we noted in our Trading Room and on MarketWatch that copper could be in the midst of a significant upside reversal.  We noted the positive macro trends, including the correlation with 10-year yield, as well as the strong technicals, and then pointed to a leading stock in copper that could benefit from the trend.
 
Since then, Freeport-McMoRan (FCX), which we also added that day as a short-term trade set-up, has run from our 10.63 entry to 12.59, where we exited today.
 
That gave us an 18.4% return, and was the 8th winning trade out of our last 9 set-ups!
 


More Top Calls From Mike

  • 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!