Tuesday, February 19, 2008

Trade today



I got into HES as a number of oil-related, mining and agro stocks broke into new highs. HES cleared the resistance with decent volume. My target is 100.

Tomorrow's CPI data is important from the Fed rate point of view. All major indices are showing triangle patterns that do not seem like a near term bottom has been hit. There will be a breakout from this pattern based on the CPI data.

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