The first recent trade idea long MCP from 3/25 is here. Yesterday's update is here.
There was a possible intraday head fake move that I had alerts set for, but otherwise I had already filled out MCP to max position size.
I just looked it over and while there are some things in the market that are looking pretty ugly, I still like MCP long a lot and wanted to reiterate that as I look at today's charts.
Remember it's still in a decent place as the head fake move below the triangle gave us a nice little discount and lower risk. I don't like chasing, but we are still below the apex of the triangle.
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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