Monday, February 06, 2006

20060207 Tom PM

SP500 Up without volume today. This is a problem.
Dow 10798. Building cause for way down.
Nasdaq 2258. Rejected lower price.

GT 15.27 up .06. Sellers are drying up. Hasn't shown it is ready to go up. Wait fo sign up strength - up day over swing point with volume - then buy next retracement. Don't buy now because it can stay in this range a long time.
DIS 24.96 down .05. Numbers tonight. Up .30 after hours. Consolidation.
NUE 87.81 up 5.18. Action. ABC to 100.
AAPL 67.3 down 4.54. Down with volume. Broke B with volume. Going to 60.
SNDK 62.4 down 1.65. Volume accelerating down.
RMBS 29.16 up 1.98. Will go lower. Long term to 80 or 100 because first break topside was with volume. Wait for retracement. Was at 127 with volume in 2000.
OXY 93.99 up 2.54. Consolidation. Toss up.
XOM 61.97 up .58. Same.
X 61.57 up 3.65. Steels doing ABC up.
Semis doing ABC down.
FPP 8.50 up .45. Will go for 9.20. Consolidating since October.
HEC .78 up .05. Wants to go up to swing point at .85. FPP is a better long.
DBC 24.20 down .30. Commodity index tracking fund.
TIE 78.96 up 4.52. High volume consolidation. Not a short.

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