CDE is up 7% today… We suggest Selling today above $14.40, or use a $14.40 Stop anytime before the Close today.
We have also tightened the Stop Losses on most OPEN POSITIONS
Nimble Traders sell soon, or if they CLOSE below the Stops.
Real Time Charts
Please follow the Rules below:
I am still in the Steel play (particularly ‘X’) but we still have continued weakness. MACD is flattening out, but not moving up. 🙁
I’m still long at $20 … and like a bonehead, I only set my stop for just less than 1/2 position. So I still have exposure.
Kindly check my logic: approaching previous highs ~$18.00 which we might experience some ‘sort’ of bounce. I thought about adding at $18 just to dollar cost average on any bounce at that level.
…or… we’re going to see continued weakness down to the $16 level….
Yes, USX has been under a lot on pressure, and it almost down to the Green Line today of $17.31.
Rarely do they make a new 52 week high and then collapse more than the Green Line.
I can’t get a Chart here, but the high of X on Sep 2014 was $45 (All time high of $196 in 6/2008).
So it could be beginning a longer Term Bull.
Normally we would exit on the next pop up to the Red Line (50-day avg.) around $20.