Wednesday, January 18, 2006

20060118 Tom AM

Options expiration. Bears are selling into market.
A lot of earnings: aaple, amd.
S&P cash is what you want to watch. It is rejecting the low today. Did not get to bottom of break out area.
TRIN is saying we are flat on fear/greed and not at greed.
If market closes flat today, there will be a monster move up later this week.

INTC and YHOO down.
Nikkei DAX FTSI down.
Nikkei going back to confluence. Natural retracement in bull market.
DAX Natural retracement in bull market.
Gold off 8.10. Consolidation to 492.
AAPL 83.48 down 1.23. Rejecting lower price, is not giving it up.
EBAY 45.38 down .03. Rejecting price. Still in consolidation.
IVAN 2.83 up .45. Something is going on fundamentally.
VZ 31.26 down .22. Is a buy here. Long term will go to at least 36.
INTC 22.81 down 2.71.

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