Tuesday, May 22, 2007

Nasdaq Closed HIGHER !!!!

Nasdaq closed strong again today while Dow & S&P closed slightly lower.

Nasdaq & Dow both had more volume on the UPSIDE & Gainers were leading convincingly on both Index.

New Highs EXPANDED over new lows as follows:

Dow......... NEW Highs 233 NEW lows 9

Nasdaq.... NEW Highs 167 New lows 37

This list highlights the strength of this bull market.

WFR is being added to S&P 500..so it UP $2++

SNDA ER is very good beat on EPS & Revenue UP 1 AH....expect decent guidance also tonight in CC.

Dow & S&P are resting before going to new record HIGHS.

Adding on any weakness has been a good strategy.

RIMM was the big winner today on relative value of blackberry vs iphone.

GOOG,WYNN,MGM,ICE,AAPL,LVS,FSLR,TSL,SNE,NMR& NTRI had great tape action today.

Looks like JNPR & NVDA getting ready for a breakout....I hope.....I own it in my portfolio.

Added UXG this AM.

Gold was down $3.90.

OIL was down $1.30....as it goes into July contract .

Please do your due diligence.

BLOG does not give BUY or SELL.

Good luck on wed trading.

Saleem

No comments: