Thursday, June 25, 2009

Today's Trades: FCX and MON

I made two speculative trades today, short FCX and long MON.

MON is oversold, but still a few points from support. The higher probability setup is to enter long at $70, which I will do if I get stopped out of this trade.

FCX shows a bearish pattern, but has bounced over the 50 day moving average.

Both trades are low risk, but average probability. Obviously I am using tight stops for these trades.

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