iBankCoin
Joined Jan 27, 2008
7,405 Blog Posts

Ag is Dead!

MOS reports great numbers, yet gets murdered. Take a look at CMP after hours.

[[AGU]] near trendline violation:

[[CF]] running against 50 MA as well as long termtrend line. (Reported great numbers after the close, but did nothing.)

[[MON]] about to knife through it’s 200 MA

[[SQM]] Has room to fall

[[TNH]] Bear Flag

[[TITN]] is dead, nice head and shoulders!

I will be keeping a close eye on the sector tomorrow, short setups are everywhere.

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12 comments

  1. Woodshedder

    Thanks Cajun. Good setups!

    I really need to add some shorts, but I think I’m late to the party. I’m starting to see the double long ETFs setting up.

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  2. Woodshedder

    The more I look at those, the more I might have to get some puts.

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  3. calvino

    MON is breaking down. Good focus. The hated MOS is broken as well.

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  4. JakeGint

    Short MOS since last week. It’s been “uncomfortable.” Many of the last “buy on the dip” asshats are in this sector.

    ______

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  5. Garr

    Pot closed below the critical $200 support. Put that in your pipe and smoke it son.

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  6. Aris

    ags are either going to rip or die. i’m in the camp of the latter.

    steel looks grim. NUE is sitting on the brink of more disaster. it already fouled the 200. now it’s looking to soil a big, multi-year trend line.

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  7. Danny

    they’re f’ed in the a

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  8. Sia

    AGA DAG to play the ags, you are welcome

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  9. Matt

    OFI looks good.
    Anyone trading with me?

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  10. Matt

    thoughts on CHK stop loss?

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  11. thetruck

    Its all about expectations. good numbers dont help coz great numbers (and then some more) are priced in.

    Earnings surprise is the keyword to me. nothing beats positive surprises in earnings from beaten down sectors.

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  12. Aris

    looks like steel got a reprieve today, thanks to X.

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