Agriculture Stocks Buck The Trend

Anyway you slice it or dice it, the major stock indexes are under selling pressure today. Most leading industry groups are trading lower this afternoon as the U.S. Dollar Indexes rallies higher and deflates the stock markets. There is one sector that is bucking the intra-day trend and that is the agriculture stocks.

This afternoon some leading agriculture stocks such as Potash Inc. (POT), CF Industries Holdings Inc.(NYSE:CF), Mosaic Co. (NYSE:MOS), and Monsanto Co. (NYSE:MON) are all trading higher on the session. Often, when the U.S. Dollar Index is stronger on the session most agriculture stocks will decline and trade lower as they usually behave much like commodity stocks. That is not the case today as most agriculture stocks are trading higher on the session.

About Nicholas Santiago 575 Articles


Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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