Farmers Make us Happy | Bulls on Wall Street

Farmers Make us Happy

 
 
 
Morning folks.  Looks like market is gapping up about 1/2 % or so. Oil is firming up a bit up 1%. Futures Might be getting a push from somewhat decent reports fro $wmt and $hd and the $pot buyout news by $bhp.  The  Ag complex is gapping up hard across the board almost 10%
 
the first time in a week we arent gapping down.  traders seem to like big merger news like the $pot bid as its the only good news we’ve had in a bit. A failure for the market to gain traction on this would be a big negative “tell” as almost everytrader Im talking to is positioning themselves for a bounce into this week. 
 
Lets see if we can clear the 50dma.  there might be a shot we are bearflagging right under but any decent bounce could take us right back to the 20dma around $spx 1100.  We’ll keep an eye on $spx 1070 yesterdays  lows after the gap down as support.
 
 
 
 
 Also keep an eye on the AGS today.  Some of the could fly. $cga and $cagc(over 11.7) looks ripe for a breakout
 
silver and gold stocks still perking up.
 
 
 
 

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