To clarify what I was saying above, those 2 ag input stocks above are still fine technically… for now & SNES still needs to take out 2.00 with conviction as the breakout above the downtrend line/wedge was anything BUT impulsive (non-confirmation of the breakout). Better fish to fry elsewhere for the time being IMO & I’m not crazy about taking or adding to any of those 3 stocks on today’s weakness.

We just had the first decent sell signals on the stock market today, especially on the leading QQQ & /NQ. As such, we’re likely to get profit-taking across the board on many stocks that have had sharp rallies lately, including those ag input stocks. CGA is backtesting the TL, YTEN pulling back but still above both trendlines, & SNES is still above the downtrend line/falling wedge but has yet to take out 2.00 on a closing basis. Bottom line: I’m more inclined to actively trade & micro-manage short positions on the indexes, metals & crude oil right now vs. taking or adding to any long positions, at least for the foreseeable future (today, maybe tomorrow & possibly into next week).

I didn’t cash out neither of those. Probably AG inputs are down due to broad market moves?