Nasdaq did a "hat trick by closing green again today".....
Again advancing volume & advancing stocks led a convincing lead over decliners on both count in all major indices......
Fed is staying very close to the financial markets by making changes on a daily basis......
Fed will ensure smooth transition from this sub-prime & credit mess......
Markets are building strength on a daily basis......
By this friday investors/traders will be much more confident about TAPE......
In my portfolio RIMM vaulted UP $3.26 in uncharted territory on double the volume...RIMM RSI is only 66 which is way below overbought area...so lots of room to go further UP.....
www.stockcharts.com increased RIMM target to $126 today...CMF entered GREEN today..so lot more buying to come as price is $82 vs previous $200++....so more investors will feel comfortable in buying RIMM......we are also witnessing PE expansion of high fliers as most are hitting close to new highs.......
Markets are just coming out of "deep oversold conditions".......
NVT was UP 78 Cents..further UP AH.....
CMED UP 76 Cents.....
BX UP 12 cents
STP down 1 Cent...
SNDK down 49 Cents....
VMW has gone to new highs UP $8.66...looks overbought to me trading @ PE of 78 next year(12/08) earnings & competition is coming.....
AAPL was strong on UBS comment....
BIDU close to 52 wk high.....
GOOG strong also......
GRMN close to 52 wk HIGH....
NVDA missed new 52 wk HIGH by 24 Cents....
Strength in strong stock is very healthy for techs........leaders are leading...a very good sign for markets.........
Good luck for wed......
BLOG does not give buy or sell.
Saleem
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