Thursday, May 3, 2007

S&P @ ALL TIME HIGH !!!!

S&P is sitting @ an all time HIGH........easily crossed the resistance of 1500.

Dow is higher after some initial hesitation.

Nasdaq is the one that pulled the other indexes HIGHER...nice to see the leadership of Nasdaq.

As I pointed out yesterday that SNDK found support and was ready to turn UP.....and it DID turned UP today...it is UP $1.26 as I write @ 11.07 AM.

CSCO is also staying green after a big move through resistance.

STP is building strength to go UP as solar is mixed so far FSLR down & TSL UP.

Among the strong stocks are NVEC,MA, GOOG,WFR,RIMM,NYX,ICE,GROW,BIDU.

Casinos are weak today across the board,LVS,WYNN,MPEL & IGT.

Other weak stocks are JDSU,SMSI,GRMN,NMX.

Good luck on your trading today.

BLOG does not give BUY or SELL.

Saleem

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