Comments on: Last Hour Rally Saves Market

By: rayjman

rayjman — Mon, 25 Feb 2008 21:40:55 +0000

Nice job on GRU Russ

By: Sunday Night Market Insight, February 24 2008 | Stock Trading To Go

Sunday Night Market Insight, February 24 2008 | Stock Trading To Go — Mon, 25 Feb 2008 04:58:26 +0000

[...] – Wedge pattern formed and Friday held tight. Break above 2360 Bullish, break below 2250 [...]

By: russ

russ — Sun, 24 Feb 2008 03:41:37 +0000

Thanks for the index info. Wheat and corn prices are up very sharply so a few have already called bubble. I think the trend continues. My local paper editorial says that the Obama is fully funded by Ag-ethanol industry. If he wins, the trend should remain strong although my beer, pizza and corn tortilla chips will keep increasing in price, not to mention the $4 per gallon gasoline.

By: Blain Reinkensmeyer

Blain Reinkensmeyer — Sat, 23 Feb 2008 17:10:15 +0000

Interesting, let’s keep an eye on this and see what we find over time.

By: rayjman

rayjman — Sat, 23 Feb 2008 16:53:47 +0000

ok, nevermind i think i found a good AG index here: DJAIGGR
I ran it against GRU & DBA and it seemed pretty close, so as far as trend shift in the AG sector, you may want to keep an eye on this chart and perhaps apply the same rules per the article, it may help. This is the first time I’m seeing the index, so don’t know the trends, but just wanted to let you know it was out there Russ in repsonse to: Please let me know if you see any trend shift in the Ag sector.

By: rayjman

rayjman — Sat, 23 Feb 2008 16:08:06 +0000

That was an incredible Friday. I was actually thinking of delving into the financial world, but thinking it may be a bit early yet (long term however, still bullish). Being a bit bullish, so…. I dumped my shorts (sorry no offense, I meant sold my shorts & took profit, but that’s what it felt like!). I’ve never seend the market turn on a dime like that, however I’m wondering if this rally was short lived.
As far as AG goes, I was thinking of MOO, but settled on the newer ETF (DBA) for my IRA, that holds corn, wheat, sory and also sugar so I’m in the same boat (or tractor depending on how you look at it!).
There was one CNC analyst that was stating as far as AG goes, many commodities are already hedged by the AG companies, so in the AG sector with stocks, you may not see that much of a difference.
On AG I take a gander at some of the individual stocks as well to see how they are doing (2 examples being ANDE & CPO, but just my personal picks). There may be some better ones, but I suppose I should look at the commodity prices. If anyone has any information on AG indexes, can they email me? For now I’m mainly just weighing the commodity price indexes.

By: Weekend Reading - February 23, 2008 | My Adventures into The Street

Weekend Reading - February 23, 2008 | My Adventures into The Street — Sat, 23 Feb 2008 07:02:27 +0000

[...] market’s finally going to show it’s hand, perhaps as early as next week.Â Keep an eye on ABK for the [...]

By: russ

russ — Fri, 22 Feb 2008 22:29:35 +0000

What a close! I’m still long Ag. Sticking with POT and found a new ag commodity ETF called GRU which holds wheat, corn and soy. I love the Nightly Stock Picks and charts. I am not to technical but have been studying and I like the analysis that you provide. Please let me know if you see any trend shift in the Ag sector.