Three Fresh Longs

This post was originally for paid members only. It has since been unlocked for informational purposes and does not constitute financial advice.

If you want access to these trades in real time, sign up risk-free today!

Since Friday, buyers have stepped back in with authority, and upside momentum is accelerating.

If the action from the past few sessions holds, it’s back to rally mode.

Today, I added exposure to industrial metals, speculative growth, and automakers — areas that could catch up quickly if this momentum continues.

First up: Freeport-McMoRan $FCX.

Copper is on the move, and FCX is probably the most liquid way to express a bullish thesis.

The stock has been coiling in a very tight range for the past six weeks, and today’s candle gives enough confirmation that a move is underway.

The Strazza Indicator is coming off the floor, showing extreme volatility compression — the perfect setup for a rip higher.

I bought the $FCX 1/16 $45 calls for $1.15.