@Lake4 While a breakout & sustained rally in copper should be bullish for FCX & TCK generally speaking, it might not be at this time. First of all, if $COPPER takes out that downtrend line, the next significant resistance level isn’t too far overhead. Second, those copper stocks have rallied a lot more than copper & look to me that they have likely gotten ahead of themselves & at best, might need a little more time consolidating (which they have been doing) or at worst, could drop from here for a while.

Most important would be to confirm any breakout in copper with either a breakout or a bullish trend in FCX or TCK. While I don’t have a strong opinion on FCX, I can say that TCK looks to me as a nice short setup, so nice that I might even short it personally and/or add it as an official trade idea. I’ll follow up with my reasoning, including my daily & weekly charts in another post but essentially, TCK is in what appears to be a mature bearish rising wedge pattern on the daily chart, confirmed with negative divergences, while very overbought and at key downtrend line resistance on the weekly time-frame. Bottom line: I’m near to intermediate-term bearish, longer-term bullish. Charts to follow soon.