We’re very excited to present our Squeeze Engine, one of the main tools that powers the success of Breakout Multiplier.
The industrial metals space has emerged as one of the strongest corners of the market through the corrective wave that began in October.
As volatility has settled, we've leaned into some of the areas that held up best through the storm.
Here’s today’s standout:
Freeport McMoRan $FCX is currently exhibiting a Long-Term Squeeze Score of 92.4.
FXC is sitting at its lowest monthly volatility reading in over a decade.
This is the same kind of structural coil that we keep seeing resolve higher across the commodity complex lately. In fact, it resembles a lot of energy charts right now.
We were in early and already sold a double on our FCX calls on the recent strength.
This gives us risk-free exposure to copper and industrial metals, and with over five weeks to expiration, a steady leg up from here should turn the remaining position into a big winner.
But the truth is, this massive coil still hasn’t fully broken out.
With volatility compressed to an extreme, I think a much bigger move is likely over the coming months. The recent action is just some bullish starting-line momentum.
We’ll be looking to add longer-term exposure to Freeport and friends in the future.
