MCP Update

MCP has a nice move in it today, as far a a tight intraday stop, the 5 min trend channel would be around $2.40.

There are some nice looking charts that suggest MCP has more in the gas tank, but for today, I think it may be getting pretty close to losing some momentum, depending on whether you want to trade around it or not. I'll follow this post up with a broader update.

This is the 5 min stop.

The others are:
1o min $6.35
15 min $6.30
30 min $6.20
60 min $6.07.

I'll post the 3C charts next. I will probably look at this as more of a longer term position and not trade around it to much, but I do think that can be accomplished, depending on where your P/L and risk are according to your own tolerances.