[null, null, {"document_url": "https://pauljsingh.com/2008/03/12/todays-trade-mon/", "unformatted_src": "https://i1.wp.com/bp0.blogger.com/_TsRL8Hp48e4/R9fneqvN6II/AAAAAAAABJw/icarB_8ny9Q/s320/sc.png", "src": "https://i1.wp.com/bp0.blogger.com/_TsRL8Hp48e4/R9fneqvN6II/AAAAAAAABJw/icarB_8ny9Q/s320/sc.png", "formatted_filename": "sc"}, null]
I took a small short position in MON today, shorting 150 shares at $108.53. As noted in my previous posts, distribution has taken over ag related sectors and MON is taking the lead in this phase.

I have yet to see a strong price move coupled with strong volume, which leads me to believe yesterday’s bounce was due to short covering. I may have entered a bit early, since we are still a few points away from moving average resistance. However, I do not want to miss the next leg down. 


4 thoughts on “Today’s Trade: MON”





