I live in Texas and for whatever reason we are being punished this year with no real Winter to speak of. It is what it is I guess. In the spirit of that, I thought I would go ahead and look for Spring to arrive.
The Spring I am looking for however is the one that I would like to see from a coil coming un-sprung in FCX (Freeport-McMoran Copper & Gold). Here is a current 5 minute chart with just Volume and RSI showing that I have been using today:
I am long today on this earlier bounce (the RSI breach of 40) and will be using a trail stop that is 1.5% for today, just an intraday trade.