Sunday, February 10, 2008

Monday's Late Selections

The market's are still trying to figure out where they want to go. As of right now I would say we're in somewhat neutral territory but I have seen some serious buying lately. Of course that doesn't mean that we can't see some more serious selling. Hopefully things will work out for the better. Tonight I decided to add 2 charts rather than the usual 1. CF industries has posted superb earnings and that group is benefiting from the big demand in the agriculture sector. As you can see in the chart, the stock has been consolidating nicely and is ready to move higher. Buy point is above $112 on higher than average volume. ATW too had good earnings and the stock may try to run higher from here. Buy point on ATW would be above $90 on good volume. Remember that the markets will dictate if this 2 patterns will work out or not.



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