The following video details the charts of numerous trade ideas in the Agricultural & Agribusiness sector, including MOO (Agribusiness ETF). While the majority of these trade setups are bullish, there are a few bearish setups as well. Entry levels, price targets & suggested stops are listed for many of these trade ideas & members can request an update or additional details via the comment section below or within the trading room.
I'm seeing a mixed bag of bullish and bearish charts when viewing the broad markets and key sectors from a longer-term perspective. For now, my longer-term bias remains bearish but I did want to point out some of the recent bullish technical developments as well as some of more bearish charts as well. I put together this video overview completely unscripted (pre-planned) just cycling thru the various key indexes and sectors from one of my watch-lists and in doing so, the video turned out quite a bit longer than usual. Here's the list, in order as covered, of the charts discussed [...]
MOO was covered in part 1 of the trade ideas video posted on sunday as a possible IHS pattern. today it has broken above what i had discussed as a possible alternative neckline. if you want to here the notes on the trade, click here to view the video. MOO is discussed towards the end, i believe about 80% into the video. here's the static chart. i will now mark this as both an active trade, as a breakout is a breakout, as well as a trade set-up. just keep in mind that MOO is very extended, the IHS pattern was [...]