08Aug9:57 amEST

We Need More Than Just Summer Scenery

Beyond earnings movers and the Tesla Motors intraday drama yesterday, the current market features more than a few enticing chart setups which simply are unable to trigger fresh breakouts when the timing seems right.

Energy stocks, for example, have been notorious this spring and summer for failing to follow-through higher just when it appeared as though they were ripe to do just that. Similar comments apply to many materials miners and even some scattered tech and consumer names of late. 

Such is life during summer trading at times, though. 

And with another mixed, sleepy open this morning we likely would be best served to focus even more in those recent earnings winners, since they are the ones the market has deemed worthy of summer action. 

In the ag space, a slew of recent reports fared well, be with ADM CF MOS NTR. 

On the CF daily chart, below, a high and tight post-earnings bull flag ought to keep us glued to this name going forward, with $50 just above a logical level to clear next. 

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