Thursday, June 14, 2007

Markets closed STRONG !!!!

Markets closed on a strong note.

UP volume was almost 3 to 1 over down volume.

It was not a runaway market because of anxiety for 830AM CPI on friday.

RIMM went to an all-time HIGH in both new york & toronto.In Toronto it did close @ new all-time HIGH.

My two WISH stocks STP up $1.47 & SNDK up 80 cents made my day.....nice to see them ALIVE & KICKING.

STP had 50% more volume today.

NMX was the superstar in my portfolio UP $6.63 ...and further UP in AH.NMX had more than 5 times average volume today.

Even GS negative reaction did not affect the markets at all.

My tommorrow's WISH is that UXG ,EGO & PDN.TO start participating in this rally in a meaningful manner...UXG & EGO were small green today.

Casino stocks WYNN,LVS & MPEL were weak AGAIN......all trading @ or NEAR lower end of the trading range.

GOOG is trying to find support above $500 for several days.

YHOO languishing above $27..which is the lower end of its trading range.

TOL & DHI trying to find support near lower end of their trading range.

I will post @ 9AM on friday.

BLOG does not give buy or sell.

Saleem

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