Food For Thought

As you folks may remember i shorted MOO last week as I thought the agriculture sector was getting frothy. I’m up 4 points in the short and I see another group that looks like a mirror image. As I said in the post on MOO I don’t short strength but don’t have a problem shorting for short term profits in the frothy stuff. One that has caught my eye is the XME which is the SPDR metals and mining etf. I think it’s a very crowded trade and there has been substantial put buying. I will consider a short entry after a little more homework on the group. Just saying…