Open Question
What has caused the sudden selling in the commodity names? Rotation out into
financials, or just end of the quarter profit taking??
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I believe YES AND YES! I am looking for a hard rally into the banks calls and
then I would be a seller when the SKF reaches under 120. Not calling a bottom
down here, just a trading opportunity I see... look for this near the close on
Thursday and just be patient. Just my thoughts.
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Really strange FCX and POT both had a drop at the sametime this morning...they
have popped back but can't find the source...Jewald is right must have been my
potash question..lol.
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after we waited for profit taking...fundies still good, future growth still
good, bulls know a good deal when the see it.
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it was trading nymph looking for the potash pricing. haha.
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My FCX and POT dropped precipitously and so did the coal names on the day...Oil
took a dive as well...just curious because they were up big...
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Which commodity are you focused on??
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