By: Scott Redler
I always pay attention to the first stocks that show relative strength during a big down open. Today FCX and X were the first to go positive, then when the market rallied they followed through to the upside. I like the pattern on FCX, the stock will be testing it’s downtrend soon. I’d love to see brief rest, then the next actionable area will be 64.50-65. X already pushed through it’s downtrend around 42.50. I will trade both of these moving forward.
