Markets rose in unison in lukewarm fashion with both the Nasdaq and S&P 500 rising near .4%. Both benchmarks rose for their fifth consecutive sessions, and have been higher 12 of the last 14 days. The ags are attempting to make their rotational thoughts with inclusion into the rally known with some solid moves today. One breakout occurred as MOS took out a 63.56 flat base trigger. The group is bifurcated as MON is still best in breed, but not to long ago CF AGU where referred to with that status. Now they are both breathing below their 50 day SMAs with CF actually closing right at it today. Talking about breakouts that recently took place, and ones that attempted to today, we look at ONXX CIB. ONXX acted exactly how you would want a recent breakout to act firming up at its 50 day SMA. It rose 6% in firm trade following its double bottom with handle breakout at 89.61 on 4/2. CIB on the other hand cratered after taking out a 68.44 cup with handle trigger intraday briefly sinking 3.5% on heavy trade. More DNA regarding why you want a CLOSE above a breakout pivot point.
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