Cultivating Gains In Agribusiness

JC Parets
July 18, 2019

From the desk of Tom Bruni @BruniCharting

Last week I posted the mystery chart pictured below to see what people were thinking once they removed the biases of knowing the security name, timeframe, or etc. and had only price to rely on.

Most people were on the same page as I am, thinking this is a structural trend change that we want to be buying, not selling. A few people were hesitant and wanted to see more before getting involved, but very few, if any, were sellers.

With that said, the big reveal is here and the chart is...the Agribusiness ETF (MOO) / Basic Materials (XLB) ratio, signaling outperformance from this area is likely to continue many months and quarters to come.

Click on chart to enlarge view.

So now that Agribusiness is on our radar, what do we do with this information?

I sat down with Real Vision to discuss why I think buying AGCO Corp. is my preferred way to express this thesis in the market.

A Long-Awaited Breakout In AGCO Corp.:

Subscribe to our YouTube Channel For Regular Updates

If you enjoy this type of content and want to see more of it, consider joining our community by starting a 30 day risk-free trial or signing up for our "Free Chart of the Week."

Thanks for reading and let us know if you have any questions!

Allstarcharts Team

Filed Under: