Friday, May 29, 2009

Last minute high volume buying frenzy took hold !!!

Markets were drifting in flattish mode until last 30 minutes...when high volume buying frenzy took hold....that took Indices from 1.15% to 1.36% higher.....

Nasdaq is the-superstar again by closing @ new recent high...highs begets new highs....as the saying goes.....

VIX promptly closed @ 28.92 down 8.68%......

Canadian $ had the-best close UP 1.90 cents today ....since march lows against US$.....this prompted angry reaction from Canadian finance minister who is making no bones about being unhappy with rise in Canadian currency as it hurts exports..which is needed in weak economic environment.....

Major move today by following stocks :

ISRG,GOOG,BIDU,MA,V,FXI,PALM,POT,CCJ,STP,CSIQ,GNK.....

By 10AM Saturday..i will list buy rated stocks.

BLOG does NOT give buy or sell.

Saleem

No comments: