Category Archives: Trade Entries

The agriculture ETF (DBA) tested it’s breakout level around $29 and bounced back yesterday. This is a key price level that it must hold if it is to continue higher. Sellers are stepping in around $29.40 where there is more … Continue reading →

Today is going to be a key tell for Molycorp (MCP.) It has found support around $4.55 and it is gathering strength. Still, there are sellers around $5 who consistently step in and are keeping the stock from moving higher. … Continue reading →

The agriculture ETF (DBA) broke out of a cup and handle pattern yesterday and it continues moving higher. It looks like it may reach the $30 target soon. On balance volume is steady and rising. I am starting a position … Continue reading →

DRYS started the week strong. Continuing today with a gap open that puts it at $3.36 where sellers are stepping in once again. I am keeping a close eye to see if it follows through tomorrow and if it is … Continue reading →

Not a very good omen for the bulls when a price area where there used to be demand becomes resistance. DRYS is now finding sellers above $3.15, a price where it found support for several weeks last month. A “Head … Continue reading →

While major market indexes continue to pull back, Agriculture and Treasuries continue to move higher. The PowerShares Agriculture ETF (DBA) appears to be consolidating before it continues to move higher. I think it could easily reach $30 in the near … Continue reading →

Molycorp (MCP) has found strength recently and it is attempting to break to the upside. Sellers are stepping in above $5 so I am waiting for it to see if it holds above that price. If it does, a quick … Continue reading →

So far it has been a good day today for Molycorp (MCP) after it found support above $4.55 – which is my ultimate line in the sand. As shown by the daily chart, previous support ($4.83) has become resistance. This … Continue reading →

Arch Coal (ACI) has been trading in a range between around $3.70 and $4.80 for many months and it is breaking out of it. if it is able to hold above $5, then we could easily see a move to … Continue reading →

DBA, the PowerShares agriculture ETF continues to move higher. It found support around $27.80 a last week and has been moving higher even on such a weak tape. I started a new position around $28.35 with a target of $30. … Continue reading →