Tag Archives: $FCX

Wait for a Signal

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I’ve written before about the importance of discipline in trading. Last September I highlighted why it was important to close a trade if Twitter momentum was failing. This week we had an example of staying disciplined by not entering a long trade until the bulls overwhelm the bears on Twitter. On Monday I posted¬†potential trade […]

Time for a Bounce in Resource Stocks

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I’m starting to see good oversold washouts in sentiment from Twitter for various resource stocks. Many are painting patterns that provide low risk long trades. The first example is a gold miner’s ETF (GDX). 7 day momentum has painted a positive divergence after an oversold reading and has now moved above its confirming down trend […]