The overall market was mixed, but some stocks are weakening and others are breaking out. In this current market, it may be wise to be playing both sides of the aisle meaning that one stock should be "long" and another stock should be "shorted." Google those words to find out what they mean when associated with stocks.
CME appears to be weakening as it has broken down below a support level on higher trading volume. The word "sell" comes to mind if you own it. One could also buy puts or sell calls. Sme with BOT. Based upon one of my best searches, these downturns may be big.
MCO is a stock that appeared to be creating a cup and handle formation; however, it is falling down. It will probably have more momentum to the downside if support at $67.50 is broken.
AGR seems to be using $19.00 as support. Did so 3 times in the past few months. Spit out a buy signal in one of my Metastock searches. Good thing I am already in on it.
PLAN: BUY PUTS ON MCO. Buy bear put spreads on CME AND BOT (WHEN BUYING PUTS, I WANT THE MARKET TO GO DOWN SO I MAKE $$$ AS THE STOCK DROPS). BUY AGR IF NOT ALREADY DONE SO.
Risky trades - watch TBV (break out above $6.15), or GEMS (break out above 2.90)
Good luck trading.
JD
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