joining me now is tim biggam of tradingblock. good morning tim. > >good morning angie. > > and you are watching the copper sector. let's talk about some individual stocks starting with freeport macmoran. what is this stock saying about the economy? > > the stock has been languishing along with the price of copper until the past week or so. we're finally seeing technically a nice little rebound here. i think that copper which was signaling the economy isn't as strong as maybe a lot believe is finally firming up here so i think that relative divergence will start to close and a stock like freeport macmoran will probably be a relative outperformer. plus you're looking at a well over 3 percent dividend yield to hang your hat on. > > what other copper stocks would you watch? > > looking at a stock like vale has a lot of exposure. brazil, china and a lot of the other markets are actually down on the year. so again that relative valuation i think some of the u.s. stocks may have gotten out of the gate a little ahead of themselves. some

trader tim biggam of tradingblock joins us now and tim, good morning to you on this friday. > > good morning angie. > >i know you have some concerns about the record levels we're seeing this week. as a trader, what is the best way to position so people don't lose money in case the market comes down? > > one easy way is to trim out some of the gains around here. you mentioned nervousness, certainly the options market isn't nervous and the level of complacency overall is rather high here to say the least. sone one wasy to play to protect the overall portfolio or take a speculative position is vxx. which is in essence a bearish sort of trade. the vxx trading at its all time low, somewhere in the mid-18's so this thing will perform well if we get that sudden sharp pullback and sort of protection for the portfolio and given the fact that its never been lower and the market has never been higher, i kind of like that combination here to blend it in as kind of a way to protect the portfolio but leave some of that upside open. > >let's break this down a bit more. so people have money in their

joining us now is tim biggam with tradingblock. good morning tim, and you're watching the housing stocks. which stocks in particular would you want to buy? - looking at a name like toll brothers, which has come off about 15% over the last month or so - it was trading up in the mid $30s, now down around the $30 level - certainly this stock got a little ahead of itself in my opinion. but, on a 15% drop, i kind of like the valuation here, and the fact that interest rates have headed lower certainly after the big sell-off we saw in the market recently. and the input costs, more importantly, are headed a lot lower. the commodities space has really been hit hard, some of the inputs like copper trading at multi-year lows, lumber has come down sharply. so, the margins on some of the home-builders like toll or, looking broadly, the xhb, which is an etf for the home-builders, i kind of like going forward here. i think it is now at a level that it can grind higher. not looking for fireworks, but probably a relative out- performer to the marke