Friday, September 14, 2007

Markets fighting its way back UP from new sub-prime story !!!!

Markets were given another challenge to face from "jolly old England"......

Sub-prime issue surfaced again.......and Bank of England promptly stepped in.....

Markets wants to go higher and knows how to fight back on any new negative news....

Nasdaq is the weakest again..... followed by S&P and then Dow.....

RIMM got another target increase to $110 from RBC capital markets this AM .....as they also see growing business for RIMM as they "dominate their space" UP $1.72......in negative market $$$

VMW tested its support this AM @ $76.55 and held ...UP $1.21 to $79.....

NVT also tested its support @ $64.48 but is UP $1.33 to $67.25.....

SNDK came out of its recent slump and found support @ below $50...now UP $1.28 to $51.27...

CMED is UP 35 cents to $36.45.....

Among my watchlist ...the following stocks are green @ 11.23 AM :

AAPL (wants to go higher),GOOG ( moving towards old high),WFR ( found support),
FMCN (breaking out after building base),MPEL (sneaking UP daily),SIRF (analyst positive on its prospects with MOT),YHOO,BIDU (another day another HIGH),CTRP (new high),
WYNN (new high),LVS (new high),VLO,SOHU (new high).

Good luck on this friday the 14th.

BLOG does not give buy or sell.

Saleem

No comments: