This Metal is Ready to Move
Copper Futures has been coiling the last two months and looks primed for a major breakout opportunity. I’ve got a few reasons to keep your eye on this commodity.
Copper Futures has been coiling the last two months and looks primed for a major breakout opportunity. I’ve got a few reasons to keep your eye on this commodity.
I hope you all had a great Fourth of July and are relaxed and ready for some market action, because the Philadelphia Semiconductor Index ($SOX) looks rested and ready for a breakout. I have three reasons to watch this index for big movement today.
Silver has certainly participated in the Metals boom of the last two years, but all eyes have been on Gold during its historic push to new all-time highs. However, Silver has outpaced Gold 136% to 86% over the last 20 months and could be on the verge of another major breakout opportunity. Let’s take a look!
Apple, Inc. has been one of the best performing stocks over the last eighteen months, but the tech leader seems to have enough juice in the tank to make a run at $300.
The Dow Jones Industrial Average (ticker: $DJI) dropped sharply the last two trading sessions after topping out at 10,300 on June 3rd. As a matter of fact, the index has dropped 500 points and could be headed for a test of 9,600.