Monday, November 25, 2013

Trade Idea / Management: MCP

I've been in MCP with many of you (long), it's down about -2.5% which is fine, it's the process it has been undergoing and it looks better and better with each passing day. Liking MCP (long) the way I do, I'd be VERY uncomfortable if I didn't have a position in place already.

 MCP 60 min

30 min

Closer to home, 3 min.

There are numerous timeframes in between that look just as good, it's the short term timeframes aligning that make MCP look like it's very close to making a strong move up.

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