Be Wary Of Buying DuPont (DD) On This Dip

Despite a few choppy trading sessions last week, the bulls remain in the driver’s seat as made evident by the stock market’s largely uninterrupted ascent. Although price action continues to bolster major equity indexes higher, the economic data front is still mixed; retail sales offered some encouragement last week after beating expectations, while consumer sentiment and industrial production data came in worse-than-expected [for more commodity futures news and analysis subscribe to our free newsletter ]. Traders wary of the steep rise in equity prices ought to take a closer look at chemical-manufacturer DuPont ( DD ), as this basic materials bellwether is sending signals of a potential trend reversal, in which case shorting this stock could pay off big once the next profit-taking wave comes around. See the full story here → Related Posts: Commodity Stock Plays in the 2012 Dogs of the S&P Ultimate Guide To Corn Investing