iBankCoin
Joined Jan 27, 2008
7,308 Blog Posts

Short Ag / Short the Market

I will be looking to short the Agriculture space by buying puts in [[DBA]]

Going through a few charts tonight, I notice Ag is ready to resume it’s recent downtrend. DBA, which measures the space, rallied above the 50 MA, but failed to hold. I will be now be looking for a break below the 200 MA with significant volume.

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Also, the market is at a critical juncture. Let’s take a look at the [[SPY]] , which measure the S&P 500.

Last week we saw a clear break in our recent trendline, then Friday we saw a re-test back to that same level. I will be watching to see if we can clear 130 with significant volume.

If we fail to move past resistance (recent trendline), I will be looking to short the market.

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6 comments

  1. B-rad

    I do not disagree that Ag is headed to the crapper, but DBA is a commodity play directly on wheat, corn, soybean, sugar, which is not necessarily the same relationship as ag companies.

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  2. buylo

    what about long AGA which is 2x short the agries?

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  3. RaginCajun

    true, bad choice of words on my part.

    Instead of “measures” I should have used “correlates”

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  4. RaginCajun

    Buylo,

    AGA is good and so is SMN. But, if you are going to play options DBA offers the best spread.

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  5. Aris

    this market is toast. i wish there was an etf with the ticker ‘JAM’ that was 10x inverse the s&p.

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  6. fool

    LDK, ENER – chasing either?

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