Market Gap Coming to the Upside

Blain Reinkensmeyer
Posted on Fri 14th Mar, 2008 08:42:59 AM

CPI reports came out mildest in 6 months with an overall 0% change month over month. Get ready for a The market has opened to the upside, but is down overall from pre-market highs.

Today is an important day as you probably saw from the chart of the NASDAQ I posted last night. I break above 2300 is a bullish sign short term for this index. This could lead a rally as high as the 50 day moving average before finding resistance once again.

Also while I have you here, MTL is in live trading at $142.20 and has officially broken to new highs. Watch fertilizers too, if we rally again today these guys should be on the move (POT, MOS, CF).

Happy trading.

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More on this topic (What's this?)
Consumer prices rise on energy costs (The Mess That Greenspan Made, 9/16/09)
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Read more on Consumer Price Index - CPI (CPIS) at Wikinvest

One Response

  1. 1
    Options Strategery - March 16th, 2008 at 4:15 am

    What’s MTL? New to me.

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