Quick MCP Update

Intraday MCP's charts look great, it's at a +13.25% gain on the day, +17.50% since the pullback /consolidation started.

However that 5 min chart still has not jumped in line yet.

 A breakout above resistance at the Feb 4rd intraday highs would be helpful (>$.96 or $1.00).

 Intraday the chart looks perfect, no real distribution or even strong profit taking of any sort, but...

For a lasting move, this 5 min chart needs to fall in line, it still has time to do it as the 1 min chart is not showing weakness right now.

The Daily Stop is still at $.60, but the 60 min stop which has caught the momentum of the last move has added another $.05 to it's gains and stands at $.85, it should continue to lock in gains even if we consolidated sideways from here.

I still like MCP and will still stick around to give the 5 min chart a chance to jump in line, I do take that stop pretty seriously though.