Thursday, June 5, 2008

Are we ready to go through resistance ???

Markets had a very convincing rally today and closed very strong...

S&P 500 closed @ 1404.05...absolute HIGHEST point of the day !!!!

There is a very good chance that we go higher on Friday by close !!!!

Solar,Tech,Ag,Oil even Gold stocks were UP......an ominous sign that THINGS ARE LOOKING UP $$$$$

ABK & MBI got downgraded in credit rating & Oil went sky high....still markets kept going UP & UP !!!

In my portfolio :

AAPL rating 45/70 target $204.29.....3G iphone coming on Monday...Steve Jobs ready to steal the ishow from everyone.......

RIMM rating 70/90 target $151.13......Citi analyst recommending adding or initiating new position in RIMM due to recent weakness on account of 3G iphone hoopla from June 9 to 13th...

SOL No TA.....looks like SOL made a triple bottom yesterday on low volume... on higher lows $22.87..$22.90..$22.95.....looks good going forward !!!!

Strong stocks were many today as MOST sector participated !!!!

TSL reports before open....good earning will propel all solar Higher !!!!

AH FMCN reported loss & cutting forecast for 2008...down $4 or 11%......

BLOG does NOT give buy or sell.

Saleem

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