Summary
This email from Phil Anderson provides an update on the Mex Pete Model Portfolio, announcing the addition of Freeport-McMoRan (FCX) based on a Mex Pete setup and Chipotle (CMG) as a short-selling opportunity. Stop-loss levels are provided for both positions. The email highlights continued relative strength in copper and emerging basing patterns in mining stocks.
Key Claims
- 2026-06-05-gann-15-portfolio-update (2026-06-05): “Copper continues to show relative strength, and several mining stocks are showing signs of emerging from basing patterns.” — confidence: high
- 2026-06-05-gann-15-portfolio-update (2026-06-05): “Freeport-McMoRan (FCX) is moving out of a Mex Pete setup, which may present a buying opportunity.” — confidence: high
- 2026-06-05-gann-15-portfolio-update (2026-06-05): “Chipotle (CMG) appears to be breaking down through the $30 support level. This could provide our first short-selling opportunity.” — confidence: high
Predictions / Forecasts
- None directly stated as future predictions; focuses on current portfolio actions.
Concepts Referenced
Notable Quotes
- “Copper continues to show relative strength, and several mining stocks are showing signs of emerging from basing patterns.”
- “FCX is moving out of a Mex Pete setup, which may present a buying opportunity.”
- “Chipotle (CMG) … appears to be breaking down through the $30 support level. This could provide our first short-selling opportunity.”