Market Gap Coming to the Upside
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.
More on this topic
(What's this?)
On "Rock Bottom" Housing Prices
(Zero Hedge, 5/12/09)
CPI COMES IN MUCH LOWER THAN EXPECTED
(THE PRAGMATIC CAPITALIST, 6/17/09)
Outlook for inflation/deflation
(Zero Hedge, 4/15/09)
What’s MTL? New to me.