Take a look at MOS, it's not quite the commodity play I talked about last night, but it's related certainly.
MOS broke and rallied once more, it looks like it's giving way today. This is a pretty decent low risk position to try a short trade with a stop above yesterday's high. This will be on the January trade list.
Here's the 30 min 3C chart looking very bad at the attempted highs that did not hold.
Is interest rates about to start going up?
-
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
No comments:
Post a Comment