INTEREST RATE RISE IN CHINA IS A TRIGGER FOR SCALING IN SHORT SELLS ON COMMODITY STOCKS $FCX $TCK $XME $BHP $ BTU $CNX $WLT $MCP
While we were closed for Christmas holiday, China once again raised interest rates. Under the ZYX Change Method , commodity stocks have been ripe for a short term pullback. Now the interest hike provides the trigger to scale in short sells. Those with direct access to Australian market should consider a short on BHP at the open. If not, consider selling commodity stocks and copper when London opens.Majority of our readers are in USA and may not be set up to trade abroad. Consider hunting for short opportunities in pre market tomorrow in US based on liquidity and availability of prices close to Thursday close.
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December 26, 2010