Technical analyst, Jim Stallakis,writing for Businessweek. com says cocoa could fall 12% in the next two months.

Technical analysts use charts and various indicators to arrive at their predictions. One key tool that most traders use are support and resistance levels. Support levels are just that. They support the price at a given level. Resistance levels are upside points were trading occurred, but then backed off. Breaking support levels usually means further downside movement. Conversely, breaking through resistance levels signals a rally.

Dean Foods (DF - option chain) shares are up a significant amount for the second consecutive day after rumors resurfaced that Groupe Danone SA could be investigating an acquisition of the company. This rumor first came to light back in March, but since then DF has seen its share price cut by a third, which could make the company even more attractive now. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on DF.

DF opened this morning at $10.55 So far today the stock has hit a low of $10.50 and a high of $10.75. As of 12:15, DF is trading at $10.63 up 0.41 (4.0%). The chart for DF looks neutral and S&P gives DF a neutral 3 STARS (out of 5) hold ranking.

Apple (AAPL) is going to have a big day Wednesday, which could include announcing a new Apple TV with Netflix (NFLX) support, and the fourth generation of the iPod Touch.

According to a report on Bloomberg, Apple will be announcing the new Apple TV with streaming Netflix videos today at its music-themed press conference.

Reportedly, Potash (POT) is considering joining forces with global firms that would be able to present an offer to compete with BHP Billiton's (BHP) $38.6 billion bid.

According to The Wall Street Journal, people "familiar with the matter" stated that there could be a global consortium in the works to make a counteroffer for Potash. BHP has gone straight to Potash shareholders with its offer of $130 per share.

You don't often see these moves in commodities, but when they happen, look out below. Two days ago, September wheat closed "limit up" -- 60 cents. That means that the market stopped trading. You could not enter a buy order.

On Friday, just the opposite happened. Wheat fell the daily limit of 60 cents. September wheat closed at $7.25 3/4 per bushel. A "limit down" move means that the market stops trading. At that point you cannot enter a sell order and are locked in. On Monday, if the market opens lower but not limit down, you can sell out but at a big loss.

Trading in the wheat market has become frantic. Russia is suffering the worst drought in 50 years, causing severe damage to their wheat crop.

Traders at Glencore, the world's largest commodities trader, have asked Russia to halt exports. If Moscow imposes an export ban, Glencore could declare a "force majeure," a clause that allows them to cancel deals due of reasons beyond their control.

This a story about rumor and weather. Wheat prices have skyrocketed to within 16 cents of their 2009 high, closing at $6.61 per bushel. The 2009 high was $6.77. Prices have surged 56% from their June lows.

You are no doubt asking: "Why such a big jump in prices?" The key word is drought, specifically the drought in the major growing areas of Russia, Ukraine and elsewhere in the Black Sea area. The drought is so bad that rumors are flying that Russia will limit wheat exports, driving purchasers to the U.S. According to Macquarie Group, parts of Europe also have been hit with drought, and Canada had excessive rain at planting time.

Genzyme (GENZ - option chain) shares are rising today on a report in the Wall Street Journal which says that Sanofi-Aventis SA (SNY) could make a formal takeover offer to GENZ's board that could be worth about $20 billion. SNY declined to comment on the report. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on GENZ.

GENZ opened this morning at $70.31. So far today the stock has hit a low of $69.97 and a high of $70.97. As of 11:55, GENZ is trading at $70.09 up $2.09 (3.1%). The chart for GENZ looks bullish and S&P gives GENZ a positive 4 STARS (out of 5) buy ranking.

BP (BP) shares opened up over 4%. The Wall Street Journal reported the oil giant is in talks with U.S. oil and gas company Apache (APA) and other companies over potential asset sales. The talks are part of the steps BP is taking as it is considering how to pay for the massive oil spill in the Gulf of Mexico.

The Sunday Times earlier reported that BP is in talks to sell up to $12 billion of assets to Apache. The WSJ said on Sunday a deal with Apache could be up to $10 billion and could include stakes in BP's Alaskan oil fields. The Times also mentioned that the Obama administration told Exxon Mobil (XOM) it wouldn't interfere with a bid.

Smithfield Foods (SFD - option chain) shares are rising today as rumors have surfaced that the company may be an acquisition target for Brazilian meat titan JBS. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on SFD.

SFD opened this morning at $15.60. So far today the stock has hit a low of $15.28 and a high of $16.20. As of 12:15, SFD is trading at $15.34 up 0.46 (3.1%). The chart for SFD looks neutral and S&P gives SFD a neutral 3 STARS (out of 5) hold ranking.

The exodus is set to begin. Rumors have pegged today as the day that Colorado is going to leave the Big 12 athletic conference for the "greener pastures" of the PAC-10.

This move will be the first in what will become the end of one of NCAA Football's most storied and most profitable athletic conferences. The Big 12 was one of the leaders of the NCAA Football world, but it is set to become nothing more than a carcass, left to be picked over by the major predators of the football world (most notably the PAC-10, SEC, and the Big Ten).

CVS Caremark (CVS) has received notice from Walgreen (WAG) that the latter would not participate as a provider in any new prescription drug plans awarded to CVS's pharmacy benefit manager after June 7.

Walgreen feels that it's no longer "in the best interests of its customers, pharmacists and shareholders to grow its future business" with CVS. Any current CVS plans in which Walgreen is already a service provider will not be impacted.

Several takeover rumors cropped up this morning. One of those is that RadioShack (RSH) is in the sights of many possible suitors. Those suitors include Blackstone Group (BX), Kohlberg Kravis Roberts, Bain Capital, TPG, and potentially Best Buy (BBY).

These rumors had the shares trading higher this morning, which is really a continuation of RSH's longer-term trend. Since March 2009, RSH has trekked steadily higher, overtaking the 10-month moving average in the process. That said, the stock is stuck just below the $23 level.

It's no longer fresh news that a contingent of social network users have rapidly become disenchanted with the privacy protocols over on Facebook (GOOG). The Internet rumor mill has generated tales as wild as "60 percent of Facebook users are considering deleting their accounts," and "Facebook exodus planned for May 31."

Now let's see if I have this straight here; I am supposed to believe that tens of millions of Internet users initially thought that they could register with Facebook, upload half their personal biographies to the site, and then remain virtually invisible to all but their chosen few friends? Then, it's expected I'll believe that tens of millions of disenchanted Facebook users are going to organize themselves, plan a virtual walk-out, and then successfully execute it? Somehow, I really find all of this difficult to believe. In fact, I think it's a bunch of baloney.

After rumors swirled that Walmart (WMT) was going to halve the price on the Apple (APPL) 3GS 16GB iPhone, it has happened. Walmart now sells the 16GB iPhone 3GS for $97 with a two-year contract or an eligible upgrade.

This move can be viewed several ways. The first is that the 16GB iPhone will become the entry-level model when Apple introduces the 4G iPhone (rumored to launch in the next month). The second is that Walmart is trying to boost its sales figures by dropping the price on the wildly popular phone.