Sunday, February 26, 2006

Ideas, Strong Market In Face Of Oil Processing Attack

The markets were nearly unchanged and held up very well considering:
talk of market being overbought,
terrorist attack on aramco oil processing facility sent oil, gold, and silver up.

The markets had every reason to sell off, yet they didn't. This sets up a nice week to be long and watch the bulls run.

Banking has been strong: WB, ACF is at 52 week high.
AVNX 1.39 up .12. Will need more volume to get above 1.5.
NFLX 25.97 up .26 on lighter volume. Range 25.50 - 26.12. Has been going up for a week. Price can always go higher along with the market, though the lighter volume is troubling so be careful with a long position.
SIFY 12.82. Basing and building cause for 14.
BBC 16.35 down .02. Try to buy mid-15s.
SRLM.PK 4.00 up .15. Miner. Has been strong. 52 week high is 4.65.
LDIS 5.52 up .17. Range was 5.33 - 5.52. Opened at low and closed at high, volume was average. The price spread and closing at high points to higher prices. 52 week high is 8.79. Nearly touched 6 in January 2006.
CUP 3.41 up .18 on light volume. Range 3.22 - 3.43. Opened at low and closed near high. Consolidating, keep an eye on the light volume.
COGT 22.88 up .69 on nearly average volume. Broke above 20 DMA and closed near 50 DMA. There was good price spread 22.12 - 23.28. Potential long next week.
RACK 37.99 up 1.38 on lighter volume. Opened at low and closed near high. Good price spread 36.45 to 38.34. Possible long next week. Keep a tight stop, as this has doubled since December 2005.
STXS 13.57 up 1.22 on five times average daily volume. Highest volume in two years of the stock trading. Range today 11.52 - 13.85. 52 week high is 15.80 set in January 2006. RSI and stochs have turned up. MACD is about to turn up.
GTI 4.92 up .21 on higher volume. Turning up and price starting to recover from big gap down with big volume in early February 2006. Today range 4.70 - 4.92.
FRG 3.51 up .11 on light volume. Gold and uranium miner.
ACMR 18 up .04 on light volume. Has a built a couple months of cause. In January 2006 it tested the low of November 2005 with much lighter volume. This is getting ready to head back to 25. Is above moving averages: 20, 50, 100. 200 day moving average is about 21.
QLTI 7.26 up .28 on double average daily volume. Nice daily price spread 6.86 - 7.37. Closed above 20, 50, and 100 day moving averages. Volume is coming in. Will work into gap at 7 3/4. This has cause to go up. Bio-pharma.
WTW 53.10 down .77 with volume. Has run out of upward steam. If the market turns down, consider shorting.
BGO 4.19 up .16. Today range 4.07 - 4.20. 52 week high is 4.39. Going into prices from 1997.
DSCO 8.06 down .35 on double average daily volume.
NANO 13.57 down .65. Can fall further.

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