Monday, May 7, 2007

World markets closed Strong !!!!

Major world markets were higher.Tokyo,Shanghai all closed UP strong.Europe is strong today also.

This bodes well for today's close.Markets in US will be dominated by speculation of Fed action on wed @ 2.15 PM..............I expect it to be a non-event.

Takeover this AM is in full swing....ALCOA is taking over ALCAN.

MRVL is Up on recommendation of their Option probe committee............Reduced role for CEO and addition of more independent board members.

Gold is UP and Oil is down so far.

Stocks which are UP in pre market DNDN,MRVL,TASR,GROW,JSDA,NVEC,NVDA,FMCN,WYNN,RVBD,GSS,
CROX,ERS.

Stay in strong stocks.Stay diversified.

Good luck on your trades today.

BLOG does not give buy or sell.

Saleem

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