Markets did a BULL DANCE to the FINISH today.
When markets IGNORE BEARISH news like Shanghai 6.5% sell off....it only means one thing.....and that ONE THING..... according to Jack Palance is ...it must be a very strong BULL market.
We had a closing all time HIGHS on DOW...S&P 500...Russell 2000...S&P 400.
We also had a new 52 week HIGH close on Nasdaq.
Today all Three major indices were equally strong % wise all +.80% or so...a rarity to have equal % GAIN.
GOOG,AAPL,GRMN,MA ,BIDU among the strong stocks that were standouts.
In my portfolio SNDK was strong and JNPR closed @ new 52 week HIGH.
STP made a strong comeback from being down $1.76 to almost unchanged after briefly flirting with GREEN.
AH Quick Summary :
ENCY is UP 25% after getting approval of Hypertension drug (Thelin) from Canada.
MOT is UP 5 cents after cutting another 4000 jobs.
YHOO Chief Technology Officer resigned...stock down below $28.
This BULL market has lot of GROWING skeptics..........which will keep this BULL going for a while longer....then sharp & swift correction.
Please do your own due diligence & stay diversified.
BLOG does not give buy or sell.
Good luck on a follow up day on thursday.....lot of economic news & oil inventory reports are due....so read the tea leaf correctly.
Saleem
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