At the time of publication, Fitzpatrick was long XXX, though positions may change at any time.

Dan Fitzpatrick is the publisher of StockMarketMentor.com, an advisory newsletter and educational forum dedicated to teaching effective risk management and trading methodologies to aspiring traders and investors. He is a former hedge fund manager and a member of the Market Technicians Association, and he now trades from his home in San Diego, Calif. While Fitzpatrick holds various securities licenses, he does not give recommendations to buy or sell stocks. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. He appreciates your feedback; click here to send him an email.

If you liked this article you might like

Intermediate Trade: Freeport-McMoRan

Intermediate Trade: Freeport-McMoRan

Energy Stocks Trampled in Broader Market Selloff

Energy Stocks Trampled in Broader Market Selloff

A Quant Upgrade for Freeport McMoRan Should Boost the Charts

A Quant Upgrade for Freeport McMoRan Should Boost the Charts

The President Must Show 'America First' Isn't 'America Alone': Market Recon

The President Must Show 'America First' Isn't 'America Alone': Market Recon

What $70 Oil Means to M&A Market

What $70 Oil Means to M&A Market