Many lower tier, third rate, stocks have fallen hard in recent weeks. Over the past year, plenty of high valuation IPOs have come public and they’ve been introduced to their maker recently. As those investors get whipped on the gibbet, the Wall Street elite, the fat slobbish cats, find themselves immune to the pangs undertaken by the average working class, mid 7 figure, Wall Street trader.
There are a group of stocks, mega capped and hovering near 52 week highs, that is keeping the Dow and the S&P intact.
Over in Exodus, I’ve created an early warning system, placing these names in a basket to watch over — ever so carefully.
Here they are.
These stocks are up 20% for the year, wildly impressive and way better than the overall market. They’re flat in recent weeks and showing a bit of weakness today, thanks to Apple.
Stocks should bounce today, or do very little worth talking about.
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Fly, your FCX short play looks really good:
http://www.platts.com/latest-news/metals/washington/recent-global-copper-supply-growth-unsustainable-21885922?utm_campaign=energybulletin_metalssteel_email_102616&utm_medium=email&utm_source=eloqua
I own half the stocks on that list.!