Today’s action worries me a little bit. I wanted to see continued strength from the previous week. What will get the market moving now? We already had our rate cut.
There’s not a lot of places I want to put my money except for the agriculture sector. Fertilizer stocks showed amazing strength throughout the day, and I believe will continue to act strong throughout the week. Take a look at [[MOS]], [[POT]], & [[TNH]].
We have [[CF]] & [[BG]] reporting later this week, with good numbers, ferts will continue to grow.
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I think today was just a light volume pullback. Everybody wants to complain about the volume on the up days but no one pays any attention to it on the down side. It matters both ways.
Monster like you is worried?….No need after a two week monster rally. If we hold 1363 or break 1406 on the S&P buy. Otherwise do what you do best- TRADE.
Peace