6:48 am PST.

I think XLF bottomed here at the open and we are off to new highs this week. Trump’s inauguration is going to rally this market just like his election did.

Goldman Sachs moved their buying position to 14.83 in the pre-market on FCX, which is exactly where FCX went pre-market. They are also lined up to sell at 15.45. There is a large 500,000 share block to sell FCX at 15.35. I think FCX is going to ping-pong between 14.83 and 15.35 today.