Btw, Looking at the LAND chart, it looks like it could move up to test the 200 MA, but still have to be wary of a return to re-test the double bottom from March and May. The other farmland REIT (FPI) is already back above its 200 MA, and has held up better overall. I don't really understand that sector very well though. In the broader agro areas, the DBA chart isn't looking too bad, but looks like MOO is still in a gradual downtrend. I figure those ETFs would be better than trying to pick a particular commodity.
Fwiw, I've been mainly sticking to the S+P 500. I wanted to just sit with it, but as it gets more overextended I've been selling when the RSI gets in the 70s, then re-buying after the pullback. So far so good, and it keeps things from getting too boring :o) Powell & Co return soon, so that's usually a time to take profits, wait for the drop, then reload. That's been the pattern anyway. Grumpy Jerome always seems to tank the market for a few days. I already took profits though, so not sure if I'll bother trying to time this Fed meeting, may just wait for the post meeting 'tank'.
Oh well, dog days of summer. The new BRICS currency announcement is coming Aug 22, but even bigger will be the concurrent announcement that Saudi Arabia is joining the BRICS. Yikes, bye bye Petrodollar, ugh. Dark days approach for the US / dollar, but we can't assume the unraveling will happen immediately, it might take some time (?) But per the old saying - 'bankruptcy happens gradually, then all at once'..
---
News 
Market Data 
Discover 
