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  • Money Making Play Book 0 comments
    Jan 16, 2011 4:20 PM | about stocks: JJG, MON, MOS, POT, GIS
    Over the past few weeks there have been food riots breaking out around the world. Countries such as Tunisia, and Algeria, China, and India are just a few nations that have made the headline news over the past week as riots escalate over soaring food prices. Therefore, it is only fitting that in this weekly report the focus will be on the food and agriculture related issues.
     
    First, lets examine the iPath DJ AIG Grains Total Return Sub-Index ETN (NYSE: JJG). This ETN tracks a basket of corn, wheat, and soybean futures. Since June 7th, 2010 the JJG was trading as low as $33.32. Since that time the JJG has soared higher by 76.0 percent. On January 14, 2011 the JJG made a fresh new 2 year closing high and remains very strong on the charts by trading above its weekly 20, and 50 moving averages. There will be some daily chart resistance for the JJG around the $54.00 area. Therefore, it is possible to see a pullback or consolidation around this current level. However, the weekly resistance levels will be at the $59.00, $62.00, and $67.00 areas. Should the JJG pullback or consolidation there will be near term support around the $50.00 level.  Take careful note of these levels, include them on your charts, watch and profit from them.



    Monsanto Company (NYSE:MON) is a leading agriculture company that produces and provides agricultural products such as seeds, and chemicals for farmers worldwide. The stock made a major bottom on July 7th, 2010 when it traded as low as $44.61 a share. Since that time the stock has rallied higher by nearly 70.0 percent. The stock closed at $74.33 a share on January 14, 2011. Monsanto stock will be coming into some near term resistance around the $75.50 level. The next important resistance levels for Monsanto Co. will be around the $79.00, and $84.00 areas. Most other leading agriculture stocks in the sector such as Potash Corp./Saskatchewan (USA) (Public, NYSE:POT) , and The Mosaic Company (NYSE:MOS) all remain very strong at this time.




    General Mills, Inc.(NYSE:GIS) is a leading manufacturer of branded and unbranded foods worldwide. The stock has traded in a very tight range since mid-November when the stock traded as low as $34.82 a share. The higher commodity prices will hurt this company if they are unable to pass the added costs off to the consumer. Right now the stock will have daily and weekly chart support around the $35.00 and $33.00 levels. Kellogg Company (NYSE:K) is also a leading manufacturer of branded and unbranded foods worldwide that will often trade very similar or in sympathy to General Mills Inc.

    These stocks present many opportunities for profit through high probability plays.  Take the levels notes, consider the other factors laid out, utilize this as your free play book for money making.      If you want to take your trading/investing a step further and receive in-depth analysis, along with exact entries/exits, swing trades, scalp trades, and even our proprietary cycle work. Join our Research Center or Intra Day Stock Chat NOW and enter the ranks of the Pros!
     
    Stocks: JJG, MON, MOS, POT, GIS
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