I / We closed at least half (half for me) of the MCP longer term long position because of the opportunity cost, I still have half the position at a profit, but it should be closed by now.
I may get a second chance as you may if you are still long there and want an out. This is also part of the same theme seen market wide today.
MCP 3 min makes near term direction pretty clear.
The 15 min going negative is why I chose to take half of the position at a profit off the table.
Long term MCP is still a long position favorite, but it needs to correct first and rebuild before a new long is launched.
As for remaining shares...
The 2 min looks like it may bounce, I'll be setting alerts and closing the rest on an intraday bounce.
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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