{+++} The bulls took the hill today saying “Phooey” to geopolitical nonsense. Egypt looked worse to me today than yesterday, but they took the market up anyway. The dollar is crashing and although on a long term basis that is cancer for our economy, the market likes it. Check out the dollar below.
Oil continued higher today (might be ready for a rest) and fertilizers like POT, AGU & MOS moved higher. MOS triggered for us, but POT gapped up through the trigger, so it’s off the list for now. I think this is the greatest bull market in commodities that I have ever seen and I stand by that. I wrote this piece a couple of weeks ago in case you missed it. It pretty much summarizes my thoughts on agriculture.
I have added some longs tonight for the watch list, please respect the trigger prices, hope you had a great day. Please go to the P&L page to see entries, exits and adjusted stop levels. See you in the morning.
