Here is a daily chart of the Chicago Merchantile Exchange. I last commented on CME here.
On the news that CME proposed to purchase the Chicago Board of Trade CME gapped up to 535 and since then has dropped 30 dollars a share. The trend is still upward in CME but I have learned to treat news events at new bull market highs which are also near my price targets with great respect. In this case I think that CME has pretty much finished its bull market advance and is probably better regarded as a short term trading vehicle than as an investment vehicle.
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