Seeking Alpha

InTheMoneyStock...'s  Instablog

InTheMoneyStocks.com
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
InTheMoneyStocks.com
My blog:
Pro Traders Rant and Rave Blog
  • Agriculture Stocks Sprout On Weaker Dollar  0 comments
    May 16, 2011 11:11 AM | about stocks: MON, POS, POT, MOS
     This morning, the leading agriculture stocks are bouncing higher this morning as the U.S. Dollar Index pullbacks back. Often the agriculture stocks will behave very much like a commodity stocks and react positive from a weaker dollar. 

    Potash Corp Sask Inc.(NYSE:POT) is one the leading agriculture stocks in the market. The stock is trading higher by $1.34 to $52.93 a share this morning. Traders should watch for some intra-day resistance around the $53.00 area and more around $53.75 level. As long as the U.S Dollar Index remains weak this market leader could trade higher intra-day.

    Other leading agriculture stocks that are trading higher this morning include Monsanto Co.(NYSE:MON), Mosiac Co.(NSE:MOS), and Agrium Inc.(NYSE:AGU). These stocks are all trading higher on the back of a weaker U.S. Dollar Index. Should the U.S. Dollar Index catch a bid higher today these stocks could pullback intra-day. Remember, every trade is essentially a trade on the dollar.

     
    Nicholas Santiago
    InTheMoneyStocks.com
    Stocks: MON, POS, POT, MOS
Back To InTheMoneyStocks.com's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.