FCX in correlation with XLB Dividend
Historically 
FCX has been bearish the week of or week leading into 
XLB dividend. Shown here is its support and resistance, movement this summer, along with selloff in correlation to XLB dividend dating back to Dec 20, 2019. Materials and metals have popped this year with 
GLD taking charge earlier this summer. FCX has beat earnings expectations all year and that if that trend could continue FCX could see more upside. After a strong finish to the week, I like FCX for to make a quick turnaround going into October along with SLV and other materials, as I believe can still serve as a strong hedge as we near elections.
FCX has been bearish the week of or week leading into XLB dividend. Shown here is its support and resistance, movement this summer, along with selloff in correlation to XLB dividend dating back to Dec 20, 2019. Materials and metals have popped this year with GLD taking charge earlier this summer. FCX has beat earnings expectations all year and that if that trend could continue FCX could see more upside. After a strong finish to the week, I like FCX for to make a quick turnaround going into October along with SLV and other materials, as I believe can still serve as a strong hedge as we near elections. 
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