For those of you who are in MCP, would like to be in or add to, the action there today is quite impressive. Remember this was one of the few stocks that was headed up last Friday as the market was selling off in to the close, in other words, MCP has interest that is stronger than the "Rising tide lifts all boats. Ebb tide lowers all boats" normal market magnetism.
There's a lot to follow there if you want to to better understand 3C and MCP, the main point right now is to the far right.
The big picture is nice and clean, 60 min.
MCP is still very low in a LARGE rectangle base (use to be a large ascending triangle), so if it makes you feel more comfortable, a move above $5.50 in my view is still an excellent, low risk entry.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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