On strength up and out of the potential bull flag on the first daily chart, below, I like Potash as a long idea. The ags/ferts have been acting well of late, and they could easily be another late-cycle bull market mover.
And on the short side, AXP may be putting in its dues on a “right shoulder” for a major, multi-year top after a brilliant run. If we see weakness down away from the 50-day moving average I would look to short this one.
Drop me your top tickers overnight.
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No top tickers yet. I have some puts that are about to experience a little pain, however, I’m mostly cash. Today should hopefully give a good indication of where things are going the next few weeks.