Very Flat Digestion Day

spx

Today was a consolidation day for the bulls. The SPX was +0.01%, so it doesn’t get much flatter than that, so there’s not a whole lot to cover tonight.

I sold 1/3 YRD today for a very quick 17% and I am letting the rest ride for now.

I also added ARLP as a long today. This is a coal stock that is working on a nice bull pennant. Targets are 18.50 and 20

arlp

Also one that I am watching is FCX. Take a look at the weekly chart below. Possible targets are 15 then 17

fcx

See you tomorrow.

Previous Post
Dart Meet Board
Next Post
Getting Slightly Stretched Here

Recent Articles

Free Content from Upsidetrader

Four Red Days. Triple-digit crude. A 10-year That Tagged Nearly 5%, Yet a Friday Bounce

Free Content from Upsidetrader

Oil Jumped, Yields Followed, Stocks Held Together — CPI Decides the Next Move

Free Content from Upsidetrader

Markets Mixed After Oil Spike and Hot Jobs Report — CPI Next