Commodities and then utilities are the last to top in a bull market. If we think this bull market is going to top (or already did!), it will not end without commodities and their stocks not topping. We see a long range consolidation in the ag names. I am taking POT as a classical example here but you can pick the basket MOO. I expect POT to breakout soon. In simple terms, buy here and have a stop 7% below. Or buy the breakout above 48$, if you are conservative.
I also think that this bull market has not topped, more of that later in the next post. Very soon though, ok na?
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