Markets were doing fine until CNBC reported that SEC
requested ( code word for investigation) documents from Bear Stearn's about the TWO hedge funds which were in trouble........
That was enough for a JITTERY holiday bound markets......
Markets made a fighting finish by erasing majority of the losses.......
NYSE & Nasdaq both made twice as many new 52 week HIGHS as lows today......very good indicator for the health of this BULL.....
Monday markets are closed in Canada...we celeberate our independence day on July 1st......
RIMM closed @ new all time HIGH and is further UP almost $2 AH...on 5 times normal volume on nasdaq & 4 times normal volume in Toronto recent trade AH $201.70.
BIDU also closed @ all time HIGH $167.98
FMCN closed @ all time HIGH $50.49
SNDK went to $49.61 recent intraday high and getting closer to breakout point of $48.97 only 3 cents away.....
SNDA closed @ 52week HIGH...
On my saturday post by 10AM..I will list technically strong stocks.
BLOG does not give buy or sell.
Have a nice weekend.
Saleem
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