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Markets rebuffed some early losses to start off the week, and closed fractionally lower. The S&P 500 is just below a 52 week high, which can be viewed as a flat base trigger. A close above 1475, would put the market at 5 year highs. The Nasdaq is carving out its own flat base trigger, but that lies 2.5% higher with a close above 3197. Its tight trading following the big 1/2 gap must be commended however. MDAS took out a 18.78 flat base trigger today. Sectors that are growing, pun intended include the agriculture names. RNF is well extended now as it has went straight up since its very bullish 40.59 cup with handle trigger breakout 1/7. MON’s earnings report 1/8 was well received and eclipsed par on a closing basis Friday. It has also held that bullish gap 4 consecutive days now. Keep CF on your watch list as it carves out a flat base trigger that is some 10 handles away. The transports ETF IYT is running near par. Leaders UNP KSU trade right at all time highs, and their are some new ones looking strong that include LSTR building its right side, and UTIW which reclaimed its 200 day SMA today. WERN ODFL in the group shrugged off downgrades today as well. All aboard?

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