Market Gap Coming to the Upside
Posted by Blain Reinkensmeyer
March 14, 2008 at 8:42 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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What’s MTL? New to me.