20060104 Tom PM

Markets pushed into highs with volume. The retracement from late December was small, which means the market is strong. Option expiration 20th.
Gold market will probably go higher, but stocks are too extended to buy now. Wait for retracement to buy.

GLBL 12.62 up .24.
PIXR up 4.20.
PDLI 29.96 up 1.52. Hugging highs with volume. Closed at high. Over 30.79 and it can go to 39.
ONT 1.39 up .19. Wants to go to 2.22. Can get .20 more tomorrow.
AA 30.07 up .17. Broke long term down trend. Buy at 28.
NEM 58.04 up .90 with volume.
SIRI 6.36 down .16. Can test 6.08 and lower to 5.82.
IDNX 5.22 up .13. Wants to go to 5.41.

KGC 9.93 up .04. Great shape. Broken all highs. Wait for retracement to buy. Going to 12.50.
HPQ 29.61 up .84. Nice set up. Longer term to 39.
SIL 16.25 down .49. Tom sold. Something seemed with it. Acted okay yesterday and today.
MNG 2.49 up .01. 7 is still out there.
ADIC 10.15 up .26 into ice. Has had big volume down days. Maybe something is now happening.