FCX closed @ 49.7
I'm hoping for a bounce to around 51-52 area this week for a short entry, although we may not get it.
If you like options, which I tend to shy away from, then try the Aug 48 puts.
Initial profit target will be around the 45 area. Any further general market weakness, I might hold to the low 40's. Regardless, taking 1/2 off at 45 area is a good idea.
Stoploss, if you can't take the pain, would be a close above 52.5 area.
Further analyze FCX here
Stopping the insanity!