ACM trends lower but the 2-hour chart is set up with possie d. Daily chart is positively diverged. Keystone bot ACM as a flyer. We shall see if it has any gusto for a quick pop, or not. Keep an ey eon the MACD line. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
Note Added 7/14/18 Saturday Morning: The series of long plays mentioned in this recent batch of charts SCCO, COPX, FCX, XLF, JPM, GS, AAL and ACM are all winners across the board +4% to +5%. Keystone entered and exited SCCO, COPX, AAL and ACM. Humorously, the copper plays (Southern Copper Miners and Freeport), AAL and ACM collapse again. You have to be very nimble in these markets. Playing the long side is like picking up nickels in front of a bulldozer. SCCO and COPX still look good going forward so they are potential long plays again, perhaps see how the 2-hour charts look on Monday to look for an entry. Bank earnings continue so probably best to stay out of that drama. AAL looks good going forward; near-term there should be upside juice in that ole bird.
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