Monday, May 7, 2007

DOW & S&P 500 @ closing HIGH !!!!

Dow Jones & S& P 500 closed @ its new HIGH.

Nasdaq closed LOWER..decliners led by 1605 to 1403 advance.

Strong close were:

NVEC,AAPL ( new 52 week HIGH),RIMM,RVBD,FSLR,TSL,CROX,XING.

Weak close were:

LVS,MBLX,VLO,SPWR,STP,ICE,GOOG,WFR,GROW,NYX,AKAM,BIDU,
INFY, CTSH,DNDN.


WYNN ER was greeted positively AH.

CUTR was the disaster DU JOUR AH.

Technology is behaving poorly compared to Dow & S&P 500.If CSCO'S earning AH on tuesday is better than expected...then we may see some life in TECHS...otherwise a major selloff in techs.

Tuesday trading in TECHS should be interesting.....going into CSCO ER AH.

Good luck in your trades.

BLOG does not give buy or sell.

Saleem

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