Rotating with Maturity

While nothing like we saw in the first half of 2008, some rotation into the ag names is still being seen in the current market, consistent with a maturing bull run. 

AGU and MOS have been as impressive as any of them, bit may be a bit tough to chase here early this week without a benign pause occurring first. BG MON POT have been disappointing in the past week or two. 

But CF is on the radar on strength, seen basing impressively in an uptrend on the daily timeframe, below. I would be interested in a move back over $314. 

Elsewhere, the fade in the IWM, ETF for the small caps in the Russell 2000 Index, is noteworthy today if we close at this level or lower. I will be back with a look at that chart in a bit.