r e l a t i v e // strength

markets 12/5

The grains are correcting to the downside with some analysts targeting the 350s for March corn. Tuesday's action could be important in telling how much buying will arrive with these minor corrections. If the weakness is limited to Monday's decline then we could see a fairly quick recovery. The low-370 is steep uptrending support, but did not hold all that well in the evening session. Tuesday could be the day for a sharp sell-off but beware if large scale buyers emerge.

Pfizer may struggle in the near-term with the negativity currently associated with their pipeline, but there is reason to believe there may be value in this behemoth.

posted by jared @ 4:11 AM