BigTrends


Looking at some charts today, I'm starting to warm up to the fertilizer group.  Now, before you think that I need to get my head examined for sidling up with ags, let's take a look and see what's going on first.   This is one of the most beaten down groups in 2010, and while there are many others that have been hit hard commodities in general...this sector is just plain ugly.  The big names, POT MOS MON and AGU are down anywhere from 10% to 45%.  I generally don't look to buy at bottoms, rather if a trend develops and finding a low risk entry.   No doubt there is heavy supply of stock, poor technicals and bigtime resistance, but they certainly merit worth watching.  Take a look at the POT chart below.


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