Like I said yesterday the ag plays are weak and are coming down hard. The market leaders for the past 2-3 years and being sold now. We need new market leaders, what will they be?

Ouch I got stopped out of EGLE…..@ 2$4.97 too much selling.

Went long ICE today on good volume and buying ICE Oct 90 Calls @ $7.8. Ice should run up another $10.

Sorry it has been a while I have been on vacation in Palm Springs enjoying the 107 degree weather with my family. I have been trading while away but too lazy to update the blog….but here it goes.

Closed out ZION short at 24.30 for a nice +13% gain on the short side. Lucky because it popped up +9% today.

Still in VISN which acted nice today on good volume. My first target is still $24.

On Friday I went short AGU (short at $83.11) and MOS (short at $106)for a nice drop today. I still think they have further to go for another 10% gain down.

On Thursday I got into QID at $40.67. It did a beautiful engulfing candle today - nice wide price spread and strong up volume. Wants to run towards $46-48.

I bought EGLE today at 26.25 as its pulling back towards the lower trend line.