Tag Archives: Agricultural stocks
Midday Missive
Agri names have caught a bid this A.M. with POT,MON,BG, & AGU at or showing Outside reversal Higher days. In my opinion none of these names are worth the chase without another day or two of price action. There is … Continue reading
Midday Missive
XLV…a close over 59.25 is needed to resume the uptrend IBB…today’s low of 258.78 is now important support to manage risk. Price action over 267 is needed for a continuation of trend. Ag names are on fire with the rally … Continue reading
Midday Missive
Euro…Weekly and Fib resistance comes in @ 131.10-15. I know everyone wants to be short the Euro, however it’s still the wrong way on every major currency cross and will remain so going into Month end. Timing will be better … Continue reading
The Usual Suspects
USD/JPY…83.50 ( app 119.70-80 M Futures) becomes the key closing pivot for more Dollar upside vs. the Yen. XLE…is a good alternative to trading the Oil Futures…If you’re bullish the Oil we’d use a 72.20 intra day as a stop. … Continue reading
A.M. Look 3/2/12
Stock Indices…are the tail end of the dog. The trade is terrible with the same grinding action. We have a weekly swan dive that is short lived. The opportunity is in the underlying instruments. Seemingly, everyday the dance partners change … Continue reading
A.M. Look 1/10/12
Spu’s…Mid Oct was the last time we saw these levels in the index. 1288-89 was the old high with 2408 in the Nasd. We were looking to get out of our longs around the 1319-25 level on that swing, which … Continue reading
SDS
A few questions this A.M. about the SDS stop of 22.20. Yesterday we said to use it as a stop close meaning the Spu had to close over 1296. Leave the stop the same. The “Ag” names have been all … Continue reading