Cup & Handle - Monsanto Company (Public, NYSE:MON)

MON from the HCPG focus list, carved out a C&H pattern. It didn't quite reach full extension. I exit when it it printed a lower high.

MON reports tomorrow before the open. MOS reported today after the close and is slightly lower following a $0.03 earnings miss.

The Agchem space was conspicuous in its underperformance yesterday, but today they rose to the top of the usual suspects list on the open. So I stuck with them in the early going. POT was good for two longs and one short.


GS has been on a tear since HCPG highlighted it as a focus stock out of the base. I thought we were done for now yesterday when it closed at the 62% retracement level of the last leg down.

I couldn't resist buying this ascending triangle for a nice rally into the close.

According to the daily, we are hitting resistance (black line), so expect some consolidation/retracement as traders digest the move.