Here’s A Stock That Has Potential In Spite Of A Lackluster Market

On Thursday, the Nasdaq generally sold off throughout
the morning, bounced in afternoon trading, but weakened going into the close.
This action keeps it in a sideways trading range.

The S&P traded back-and-forth–ending just about where
it started. 

So what do we do?  What can I say? The song
pretty much remains the same. The S&P continues to stall short of its old
highs. The Nasdaq
remains stuck in trading range. And, the only sectors in true uptrends are commodity
related (e.g. metals & mining, energies). Therefore, focus on these
areas. 

As far as setups, Southern Peru Copper
(
PCU |
Quote |
Chart |
News |
PowerRating)
, in the
strong metals & mining-copper sector, looks poised to resume its sharp
uptrend out of a deep pullback.

Best of luck with your trading on Friday! 

Dave Landry

dave@davelandry.com

P.S. Reminder: Protective stops on every trade!

P.P.S. Learn my newest and most advanced version of my Bow
Ties Strategy.  Click
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