What a difference a week makes.............From total doom & gloom to a firm looking markets.
Markets closed on a strong note.
UP volume was close to 4 to 1 compared to down volume.
New 52 wk HIGHS were 364 on NYSE & 187 on Nasdaq.
Russell 2000 was UP 1.32%.
Nasdaq was UP 1.05%.
10 year bond yield closed @ 5.17%......a very comfortable number.
RIMM closed @ an all-time HIGH both on Nasdaq & Toronto.
NMX continued its ROMP towards a take out offer from........NYX......2 shares of NYX for 1 of NMX ???? valued @ $160 ???
Monday morning we may KNOW the complete story !!!
SNDK closed @ $46.40 ...Highest close in a long time...went through resistance of $45.50 like a "piece of cake".
UXG,EGO & PDN.TO all closed GREEN ...but no CIGAR !!!
I will be posting list of technically STRONG stock in my saturday post around 900 AM.
I think it is fair to say...... that we all ......will ENJOY..... this weekend... little more than others ....
Continue doing your own due diligence ...for this strong markets.
BLOG does not give buy or sell.
Happy Father's Day !!!!
Saleem
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