Tuesday’s late rally in the stock market likely spooked some on the short side after the early break of the two-day lows had given them some encouragement. The latest analysis of the Advance/Decline (A/D) lines does not yet suggest an important low is in place, but that could change before the end of the week.
The seasonal trend analysis shows that historically, investors would be wise to wait until later in the year when the fertilizer group typically bottoms. I have found the seasonal trend analysis to be the most powerful when it confirms the volume and relative performance analysis. . .View Full Article