SPX 1300.25 down 2.64. Did not get over the highs. Will revisit 1282.
INDU 11150.70 down 65.
CCMP 2340.82 up 3.04.
Gold 5.93 up 18. Action.
Silver 11.70. Action.
RGLD 37.57 up 1.1. Rocket ship last five days 26 to 37. May correct with time then go higher.
NEM 52.93 up 1.44. Not a short.
AAPL 62.75 up .42. High up volume yesterday. Not long nor short here.
CMED 30.24 down .61. Last week was good. Needs more time to build cause. Will get into 33. Support at 28.95.
FCFS 20.12 up .13. Looks better than CMED.
DROOY 1.62 up .19. Ride it up. Next level is 2.02.
CBIZ 7.87 up .08. ABC up. Extended now. Wait to buy.
ADSX 2.98 up .22. Up with volume. Wants to go to 3.05. Can go to 3.38, the October 2005 swing point.
UPS 79.52 up .08. Set up to go higher. Volume has come in last two days, needs more volume.
ERS 32.81 up 1.02. Just finished ABC up. Wants to go higher.
GSS 3.34 down .17. Relative weakness. Consolidation. Can go down to 3.24.
NWRE 29.45 down .53.
HOMS 6.60 down .22. Looks good. Wants to test 7.04.
NVDA 57.47 up .39. Not a short. Can go a lot higher.
BBY 54.78 up .26. Has two gaps open. WMT is a better buy.
FRG 4.45 up .06. Can hang up here. Needs huge volume to break up higher. Not a buy here. Can buy at 3.5.
BGO 4.49 up .04. Can go down to 4. Strong, consolidating.
Thursday, March 30, 2006
Wednesday, March 29, 2006
20060329 Tom PM
SPX 1302.89 up 9.66. Back in the trading range. Finished strong.
IND 11215.70 up 61.16. Got up to swing point. May have tough time getting through swing point.
CCMP 2337.78 up 33.32. Volume good, not great.
Silver 11.16. ABC to about 12.
Copper 2.40.
Bonds down.
Japanese market up strong. ABC up.
FVE 10.70 down .20. Already did up move. Not a long.
YHOO 32.56 up .17. Big down of 40 to 33 with volume. Will be hard to get back up through that.
EMCI 27.98. Tom does not buy break outs. Wants to go to 30. Buy is at 27.6.
PHM 39.79 up .60. Not a bad short - betther short than RYL.
ABAX 23.68 down .18. Consolidation.
UTEK 24.37 up .97. Good looking chart.
CERS 8.75 up .21. Not a good long.
TFSM 10.08 up .06. Action fundamentally and technically.
KLAC 49.42 up 1.22. Nice move up, though not enough conviction with the volume.
UNH 59.98 up 1.66. Will retest low of yesterday because there was a lot of volume.
FRX canadian 1.02 up .11. Higher highs with volume. Wants to go to 1.20.
TOPT 13.74 up .05. Will make way back to 10 area.
JNJ 59.1 down .09. Is off bottom, though can come back to 58.85.
UARM 34 up 1.09. Going up into bottom of gap. Close inside gap then there is action and it wants to go higher.
ALTR 20.75 up .33. 21.47 has not been tested and wants to be tested.
VASC 7.90 up .05. Established nice base. Low liquidity. Not a super long, and not bad.
NXXI 1.75 up .04. Over the base. Needs huge escalation in volume. Action up to 2.70 where there is resistance.
TRLG 18.87 down .18. Will test 17.77 and 15.21. Look to buy there if lighter volume.
DROOY 1.43 up .07. 1.53 wants to get tested.
BMY 24.94 up .05. Broke away gap up with volume. Wait a few months for it to fill the gap then look to buy.
ORCL 13.72 up .13. Wants to take out 14. Can buy here. Good set up.
RMBS 39.81 up 1.75. Not over bought. Going to 45.
IND 11215.70 up 61.16. Got up to swing point. May have tough time getting through swing point.
CCMP 2337.78 up 33.32. Volume good, not great.
Silver 11.16. ABC to about 12.
Copper 2.40.
Bonds down.
Japanese market up strong. ABC up.
FVE 10.70 down .20. Already did up move. Not a long.
YHOO 32.56 up .17. Big down of 40 to 33 with volume. Will be hard to get back up through that.
EMCI 27.98. Tom does not buy break outs. Wants to go to 30. Buy is at 27.6.
PHM 39.79 up .60. Not a bad short - betther short than RYL.
ABAX 23.68 down .18. Consolidation.
UTEK 24.37 up .97. Good looking chart.
CERS 8.75 up .21. Not a good long.
TFSM 10.08 up .06. Action fundamentally and technically.
KLAC 49.42 up 1.22. Nice move up, though not enough conviction with the volume.
UNH 59.98 up 1.66. Will retest low of yesterday because there was a lot of volume.
FRX canadian 1.02 up .11. Higher highs with volume. Wants to go to 1.20.
TOPT 13.74 up .05. Will make way back to 10 area.
JNJ 59.1 down .09. Is off bottom, though can come back to 58.85.
UARM 34 up 1.09. Going up into bottom of gap. Close inside gap then there is action and it wants to go higher.
ALTR 20.75 up .33. 21.47 has not been tested and wants to be tested.
VASC 7.90 up .05. Established nice base. Low liquidity. Not a super long, and not bad.
NXXI 1.75 up .04. Over the base. Needs huge escalation in volume. Action up to 2.70 where there is resistance.
TRLG 18.87 down .18. Will test 17.77 and 15.21. Look to buy there if lighter volume.
DROOY 1.43 up .07. 1.53 wants to get tested.
BMY 24.94 up .05. Broke away gap up with volume. Wait a few months for it to fill the gap then look to buy.
ORCL 13.72 up .13. Wants to take out 14. Can buy here. Good set up.
RMBS 39.81 up 1.75. Not over bought. Going to 45.
Monday, March 27, 2006
Ideas
ASTM 2 down .05 on double average daily volume. May chop around for awhile. Sell here if there are better opportunities. This thrust through 2.2 was with good volume. Needs to close above that with high volume. Maybe next try it can do it.
ALTI 3.74 up .24. 52 week high is 4.38, which was a spike on huge volume. Needs volume to come in to keep going higher. Tighten trailing stop.
LNUX 4.13 up .25 on more than double average daily volume. Nice chart, has built a lot of cause, volume is decent. RHAT earnings tomorrow evening. Ride it higher.
HL 6.43 up .33 on double average daily volume. Has had nice volume with price move up. Maybe too late to get long, so wait for next pull back.
TGB 1.94 up .13 on double average daily volume. In 1994 this was in the 15s. Yesterday was the buy. Buy some now, then watch how it closes above 2.
ALTI 3.74 up .24. 52 week high is 4.38, which was a spike on huge volume. Needs volume to come in to keep going higher. Tighten trailing stop.
LNUX 4.13 up .25 on more than double average daily volume. Nice chart, has built a lot of cause, volume is decent. RHAT earnings tomorrow evening. Ride it higher.
HL 6.43 up .33 on double average daily volume. Has had nice volume with price move up. Maybe too late to get long, so wait for next pull back.
TGB 1.94 up .13 on double average daily volume. In 1994 this was in the 15s. Yesterday was the buy. Buy some now, then watch how it closes above 2.
Sunday, March 26, 2006
S&P Home Price Index
Standard & Poor's said Wednesday it plans to unveil several home-price indexes in the second quarter for 10 cities. They'll serve as the basis of cash-settled futures and options contracts expected to launch in April.
Ideas
LNUX 3.88 up.23 on average daily volume. Going into prices from 2001. In from 3.59, stay long. Close above 4.27 and there are blue skies above.
SUNW 4.97 up .10. Five year chart shows three years of cause has been built.
HL 6.10 up .47 on double average daily volume. 52 week high.
ASTM 2.05 down .18 on huge volume, though less volume than yesterday's larger up spike. Long from 1.76.
DVW 2.13 up .03. Holding the recent highs. Volume is declining. Watch.
GROW 14.51 up 1.15 on average daily volume. 52 week range 4.39 - 20. MACD RSI and Stochs have turned up. Buy at 14.
PQE 21.76 up .17. Big gap to fill starts at 25. Watch and let it build more cause.
EFII 27.98 up .36. Would like to see more volume.
TZIX 17 up .43. Watch.
SUNW 4.97 up .10. Five year chart shows three years of cause has been built.
HL 6.10 up .47 on double average daily volume. 52 week high.
ASTM 2.05 down .18 on huge volume, though less volume than yesterday's larger up spike. Long from 1.76.
DVW 2.13 up .03. Holding the recent highs. Volume is declining. Watch.
GROW 14.51 up 1.15 on average daily volume. 52 week range 4.39 - 20. MACD RSI and Stochs have turned up. Buy at 14.
PQE 21.76 up .17. Big gap to fill starts at 25. Watch and let it build more cause.
EFII 27.98 up .36. Would like to see more volume.
TZIX 17 up .43. Watch.
Tuesday, March 21, 2006
20060321 Tom PM
SPX 1297.23 down 7.85. Couldn't hold the up price.
INDU 11235.47 down 39.06. Couldn't hold the up price.
CCMP 2294.23 down 19.88. Couldn't hold the up price.
SMH 35.71 up .13.
Gold 556. Big price destruction intra-day down to 552. This was a strong day.
INTC 19.78 up .16. Needs to get going if SMH is to move.
DVW 2.78 up .07. Ran up last week. Just finished ABC up. Buy at 1.65.
TMTA 1.92 down .03. Did ABC. Can retrace to 1.65.
INDU 11235.47 down 39.06. Couldn't hold the up price.
CCMP 2294.23 down 19.88. Couldn't hold the up price.
SMH 35.71 up .13.
Gold 556. Big price destruction intra-day down to 552. This was a strong day.
INTC 19.78 up .16. Needs to get going if SMH is to move.
DVW 2.78 up .07. Ran up last week. Just finished ABC up. Buy at 1.65.
TMTA 1.92 down .03. Did ABC. Can retrace to 1.65.
Monday, March 20, 2006
Ideas, banking
Look at banking stocks, as financials will lead the markets up. If financials don't lead up, the markets will likely come down.
COGT 19.00 up .73 on good volume. Big price spread today. Today may have been the buy. Look for a pull back into today's price to buy. Will go into gap at 20.
ASTM 1.79 up .05 on good volume. Built a two month base. Buy.
LNUX 3.75. Running back to 4.
TRAD 14.73. Needs time to build cause.
COGT 19.00 up .73 on good volume. Big price spread today. Today may have been the buy. Look for a pull back into today's price to buy. Will go into gap at 20.
ASTM 1.79 up .05 on good volume. Built a two month base. Buy.
LNUX 3.75. Running back to 4.
TRAD 14.73. Needs time to build cause.
20060320 Tom PM
SPX 1305.08 down 2.17. Hanging at top.
INDU 11274.53 down 5.12. Can go fifty points lower.
CCMP 2314.11 up 7.63. Consolidation.
Oil down 2.50.
N 46.70 down .88. Consolidation.
XNPT 22.86 up .36. Had quality volume and had nothing in it's way going up.
ORCL 13.72 up .12. Numbers after hours.
DELL 29.76. Bottoming process.
NEM 49.22 down .64. March 10 2006 low of 46.50 established.
ABX Doesn't seem to want to move.
RGLD 28.35 down 1.18. Tom owns. Does not like how it came back today. 27.61 March 10 2006 may be tested tomorrow. Look at November 17 2005. Better chart the NEM. Close under 27.61 is a problem.
TMTA 1.95 up .31. Huge volume today.
ABLE 7.66 up .07. Building a base. Energy is pulling back. Likes the set up.
MRVL 55.88 up 1.67. Not a short here buy maybe in a few days if it bounces higher.
EL 37.68 up .07. Longer term wants to go higher. Shorter term can come down because it is not showing buyers. Working through congestion.
GME 41.40 up .30. Consolidation. May retest 37 in a few months, the gap is four points that will be filled.
DHI 33.41 down 1.17. Downtrend, sign of strength March 14 2006. Watch how it fills gap at 31.55 then buy at 32, looking for 37.
CAT 79.85 down .38. Has run from 48. Strong stock. Not a short. If you want to short, look in the oil patch: VLO OXY.
AVNX 2.95 up .13. Huge volatility. Will back down to 1.42.
CPST 3.18 down .11. December 28 2005, 2.75 needs to be retested. Sell if long.
SIL 23.10 up .18. Up 40% in two weeks. Wait to buy.
MCEL 1.55 down .04. Going back to 1.35.
RIMM 86.17 down .58. Volume has been pushing up. Not one day down with volume. Not a short.
INDU 11274.53 down 5.12. Can go fifty points lower.
CCMP 2314.11 up 7.63. Consolidation.
Oil down 2.50.
N 46.70 down .88. Consolidation.
XNPT 22.86 up .36. Had quality volume and had nothing in it's way going up.
ORCL 13.72 up .12. Numbers after hours.
DELL 29.76. Bottoming process.
NEM 49.22 down .64. March 10 2006 low of 46.50 established.
ABX Doesn't seem to want to move.
RGLD 28.35 down 1.18. Tom owns. Does not like how it came back today. 27.61 March 10 2006 may be tested tomorrow. Look at November 17 2005. Better chart the NEM. Close under 27.61 is a problem.
TMTA 1.95 up .31. Huge volume today.
ABLE 7.66 up .07. Building a base. Energy is pulling back. Likes the set up.
MRVL 55.88 up 1.67. Not a short here buy maybe in a few days if it bounces higher.
EL 37.68 up .07. Longer term wants to go higher. Shorter term can come down because it is not showing buyers. Working through congestion.
GME 41.40 up .30. Consolidation. May retest 37 in a few months, the gap is four points that will be filled.
DHI 33.41 down 1.17. Downtrend, sign of strength March 14 2006. Watch how it fills gap at 31.55 then buy at 32, looking for 37.
CAT 79.85 down .38. Has run from 48. Strong stock. Not a short. If you want to short, look in the oil patch: VLO OXY.
AVNX 2.95 up .13. Huge volatility. Will back down to 1.42.
CPST 3.18 down .11. December 28 2005, 2.75 needs to be retested. Sell if long.
SIL 23.10 up .18. Up 40% in two weeks. Wait to buy.
MCEL 1.55 down .04. Going back to 1.35.
RIMM 86.17 down .58. Volume has been pushing up. Not one day down with volume. Not a short.
Wednesday, March 15, 2006
Ideas
BGO 4.15 up .06 on lighter than average daily volume. On watch.
AVNX 2.69 up .39 on nine times average daily volume. Going for the 3s of January 2005.
GS 149.42 up 8.70 on three times average daily volume. All time high. Potential buy at 138.
TKLC 14.67 up .23 on 1/2 average daily volume. Closed above 20 50 100 day moving averages. Has been going up the past few sessions on light volume. Potential short at 15 then 16.
MNKD 19.65 up 1.58 on double average daily volume. Resistance is 20. If it closes above that with volume, then try to buy a pull back.
ESLR 16.59 up .25. Need volume to come in on the up days. Watch what happens at 17.
SIFY 13.02 up .04 on light volume. Potential short later in the week.
AVNX 2.69 up .39 on nine times average daily volume. Going for the 3s of January 2005.
GS 149.42 up 8.70 on three times average daily volume. All time high. Potential buy at 138.
TKLC 14.67 up .23 on 1/2 average daily volume. Closed above 20 50 100 day moving averages. Has been going up the past few sessions on light volume. Potential short at 15 then 16.
MNKD 19.65 up 1.58 on double average daily volume. Resistance is 20. If it closes above that with volume, then try to buy a pull back.
ESLR 16.59 up .25. Need volume to come in on the up days. Watch what happens at 17.
SIFY 13.02 up .04 on light volume. Potential short later in the week.
Sunday, March 12, 2006
Ideas
RACK 41.42 up .75. Big daily swings.
ALTI Bouncing.
TRF Bouncing.
AVNX Bouncing.
ESLR Strong.
NFLX Has been in trading range since October 2005.
ALTI Bouncing.
TRF Bouncing.
AVNX Bouncing.
ESLR Strong.
NFLX Has been in trading range since October 2005.
Thursday, March 09, 2006
20060309 Tom PM
SPX 1272.23 down 6.24. Closed at low of day. Closed above low of yesterday.
INDU 10972.28 down 33.46. Going for 10922.
CCMP 2249.72 down 17.74. Last engulfing. Buy would mean close one point above low of today with lighter volume.
Gold 546.70 down .30. Definitely last engulfing.
NEM 47.79 down 1.78. Would be nice buy at 44.
NYA Problem.
OVTI 24.56 down .10. No sellers right now.
MRVL 58.6 down .81. Needs more downside volume to go down.
SMH 35.97 down .52. Did a last engulfing.
ITRI 57.35 down .2. Long term can go to 67. Short term can fill gap to 54.
AMD 36.21 down .88. Can go lower as gap is open. Gaps of 5% or more usually get filled.
VZ 33.58 up .14. Tom had buy today. Getting ready to break down channel line.
AVII 6.04 down .48. Is already under huge breakout area at 6.39 so can keep going down to next breakout area.
AKS 12.98 down .04. Strong stock, is pulling back. 12% short position. If short, cover the short.
BEAS 11.61 up .30. Consolidation.
ELP 10.37 down .19. Natural high is 7.
JDSU 3.80 up .05. Didnt hold highs today. 3.42 is buy and 3.18 is buy.
CNC 28.27 down .01. Dangerous to be long.
SNDK 53.53 down .42. Expect it to go lower. Yesterday volume heavier on down day.
ICE 63.99 up 4.80. Strong. Going to 73.
OXPS 26.76 down 1.86. A couple down days with volume. Numbers yesterday. Long term looks good. Broker dealer sector is strong.
HMY 12.90 up .08. Big retracement. Support around 11.
ORCL 12.84 down .02. Not bad setup. Buy around 12.5.
YHOO 30.28 down .71. Going lower. Broke swing point lower so going down to next floor.
PCU 77.91 down .25. Wants to go lower to 66.
IDTI 13.76 down .34. Buy around 12.
GOOG 343 down 10.88. Wants to get into gap at 300. If under 338 then 333 then 300. Too late to short.
NSTK 14.42 down .09. March 1 2006 gap away from 23 to 14 with big volume. Going right back down.
PWAV 14.45 down .15. Consolidation down to 13.20.
ET 23.99 down .35. Another consolidation.
GFI 18.71 up .01. Support at 16.12. Likely great buy at 15.
ITRI 57.35 down .20. 51 would be a great buy.
UARM 27 up .07. Wait to buy at 21.22.
JCP 60.82 up .55. Taking off. Will likely see volume come in tomorrow. On the move. 58.34 was breakout and buy was 59.30 two days ago.
STN 72.23 up 3.38. Running for 75. Try to buy a retracement at 73-75. Then going to 100.
HOMS 5.59 down .08. Let it come down to 5.35 or 5.40 with a tight stop. Gunning for high of 7.04. This would be great money management.
INDU 10972.28 down 33.46. Going for 10922.
CCMP 2249.72 down 17.74. Last engulfing. Buy would mean close one point above low of today with lighter volume.
Gold 546.70 down .30. Definitely last engulfing.
NEM 47.79 down 1.78. Would be nice buy at 44.
NYA Problem.
OVTI 24.56 down .10. No sellers right now.
MRVL 58.6 down .81. Needs more downside volume to go down.
SMH 35.97 down .52. Did a last engulfing.
ITRI 57.35 down .2. Long term can go to 67. Short term can fill gap to 54.
AMD 36.21 down .88. Can go lower as gap is open. Gaps of 5% or more usually get filled.
VZ 33.58 up .14. Tom had buy today. Getting ready to break down channel line.
AVII 6.04 down .48. Is already under huge breakout area at 6.39 so can keep going down to next breakout area.
AKS 12.98 down .04. Strong stock, is pulling back. 12% short position. If short, cover the short.
BEAS 11.61 up .30. Consolidation.
ELP 10.37 down .19. Natural high is 7.
JDSU 3.80 up .05. Didnt hold highs today. 3.42 is buy and 3.18 is buy.
CNC 28.27 down .01. Dangerous to be long.
SNDK 53.53 down .42. Expect it to go lower. Yesterday volume heavier on down day.
ICE 63.99 up 4.80. Strong. Going to 73.
OXPS 26.76 down 1.86. A couple down days with volume. Numbers yesterday. Long term looks good. Broker dealer sector is strong.
HMY 12.90 up .08. Big retracement. Support around 11.
ORCL 12.84 down .02. Not bad setup. Buy around 12.5.
YHOO 30.28 down .71. Going lower. Broke swing point lower so going down to next floor.
PCU 77.91 down .25. Wants to go lower to 66.
IDTI 13.76 down .34. Buy around 12.
GOOG 343 down 10.88. Wants to get into gap at 300. If under 338 then 333 then 300. Too late to short.
NSTK 14.42 down .09. March 1 2006 gap away from 23 to 14 with big volume. Going right back down.
PWAV 14.45 down .15. Consolidation down to 13.20.
ET 23.99 down .35. Another consolidation.
GFI 18.71 up .01. Support at 16.12. Likely great buy at 15.
ITRI 57.35 down .20. 51 would be a great buy.
UARM 27 up .07. Wait to buy at 21.22.
JCP 60.82 up .55. Taking off. Will likely see volume come in tomorrow. On the move. 58.34 was breakout and buy was 59.30 two days ago.
STN 72.23 up 3.38. Running for 75. Try to buy a retracement at 73-75. Then going to 100.
HOMS 5.59 down .08. Let it come down to 5.35 or 5.40 with a tight stop. Gunning for high of 7.04. This would be great money management.
Housing Derivative
Housing Derivatives thoughts from Qualified Remodeler magazine.
Beginning in the 2nd Quarter of this year, perhaps as early as April, the CME will pioneer trading in futures and options contracts that are linked to indices of the housing markets in 10 major metropolitan areas: Boston, Chicago, Los Angeles, New York, Las Vegas, San Francisco, Denver, Washington, Miami and San Diego.
Beginning in the 2nd Quarter of this year, perhaps as early as April, the CME will pioneer trading in futures and options contracts that are linked to indices of the housing markets in 10 major metropolitan areas: Boston, Chicago, Los Angeles, New York, Las Vegas, San Francisco, Denver, Washington, Miami and San Diego.
Wednesday, March 08, 2006
PowerShares XTF
http://www.ftse.com/Indices/FTSE_RAFI_Index_Series/index.jsp
http://www.powershares.com/images/pdf/productlist.pdf
http://www.powershares.com/images/pdf/productlist.pdf
Short Ideas
HGRD 5.95 up .05 on light volume. Two recent large volume up days. Short, long, what is this company? They claim to have earnings.
Nice runs, now charts have turned down, possible shorts on next bounce:
DOID 36.71 down 1.66 on average volume. Can test 35. Gap up into 30 is open. Has more than doubled during the past year.
WIRE 34 down 1.16 on nearly double average daily volume. Early Februray 2006 had big volume down day. Can test lower end of that day at 29 high. Support at 30 then 25.
BGC 27.05 down .46. Support at 25, 20, 15.
Nice runs, now charts have turned down, possible shorts on next bounce:
DOID 36.71 down 1.66 on average volume. Can test 35. Gap up into 30 is open. Has more than doubled during the past year.
WIRE 34 down 1.16 on nearly double average daily volume. Early Februray 2006 had big volume down day. Can test lower end of that day at 29 high. Support at 30 then 25.
BGC 27.05 down .46. Support at 25, 20, 15.
Tuesday, March 07, 2006
20060307 Tom PM
SPX 1275.88 down 2.38. Slightly heavier volume. Needs to get 1278.66 to get back inside range tomorrow.
INDU 10980.69 up 22.10. Got back inside range by two points.
CCMP 2268.38 down 17.65. Got down to 2259 and rejected the price. Volume contracted. Did its work on the downside. Wants to go up.
NYSE goes public tomorrow morning. This should drive everything up.
NVDA 48.22 down .84. Seems to follow 15 day moving average on the way up. Buy here or .20 lower. High volume high wants to be retested.
AMAT 18.33 down .23 on lighter volume. Tom bought today.
MU 14.98 down .62. September 30 2005 13.4 up with volume. Since then price has been going up without higher volume. It can go back to 13.37 to test that day. ABC down. Took out swing point 15.38 today.
HMY 13.25 down .38. Not a buy.
RGLD 29.17 down .80. Not a buy.
MRVC 4.09 down .14. Great looking chart. Parabolic so don't buy here. Wait to buy at 3.29.
REGN 17.16 down .84. Took out swing point with volume. Don't be long now. Can go back to 15. Gap at 13.5.
MSTR 98.06 down .50. Can go down to 90 quick. Look to buy at 80.
QCOM 47.86 up .62. Pushing up with volume. Wild card is that there was not a lot of price spread today. Should get upside action in next couple days or else sell it.
SUNW 4.46 down .03. Okay looking chart. Can go to 5.5. Needs more volume to get there.
SNHY 22.47 up .12. Big down day yesterday. Be careful if long.
RMBS 32.22 down 1.08. Good chart. Now not a place to be long.
INDU 10980.69 up 22.10. Got back inside range by two points.
CCMP 2268.38 down 17.65. Got down to 2259 and rejected the price. Volume contracted. Did its work on the downside. Wants to go up.
NYSE goes public tomorrow morning. This should drive everything up.
NVDA 48.22 down .84. Seems to follow 15 day moving average on the way up. Buy here or .20 lower. High volume high wants to be retested.
AMAT 18.33 down .23 on lighter volume. Tom bought today.
MU 14.98 down .62. September 30 2005 13.4 up with volume. Since then price has been going up without higher volume. It can go back to 13.37 to test that day. ABC down. Took out swing point 15.38 today.
HMY 13.25 down .38. Not a buy.
RGLD 29.17 down .80. Not a buy.
MRVC 4.09 down .14. Great looking chart. Parabolic so don't buy here. Wait to buy at 3.29.
REGN 17.16 down .84. Took out swing point with volume. Don't be long now. Can go back to 15. Gap at 13.5.
MSTR 98.06 down .50. Can go down to 90 quick. Look to buy at 80.
QCOM 47.86 up .62. Pushing up with volume. Wild card is that there was not a lot of price spread today. Should get upside action in next couple days or else sell it.
SUNW 4.46 down .03. Okay looking chart. Can go to 5.5. Needs more volume to get there.
SNHY 22.47 up .12. Big down day yesterday. Be careful if long.
RMBS 32.22 down 1.08. Good chart. Now not a place to be long.
Sun Microsystems CEO To Resign?
SUNW 4.40. Has built built three years of cause, has some good products out (T1 processor, Solaris 10), and has additional support contracts from StoragaTek. A new chief might provide the freshness needed to get SUNW moving.
Briefing.com
Tech Stocks
General Commentary
Updated: 06-Mar-06 16:17 ET
...
Caris published a note on Sun Microsystems (SUNW +1.35%), saying they believe that there is evidence that SUNW's board -- at who's pleasure CEO McNealy serves -- has recently become more active in discussions with line mgmt as well as playing a role in convincing Board member and retired CFO Michael Lehman to return to the position of the co's CFO. When the firm last spoke with Mr. McNealy about his plans, he indicated that he was staying on "until the job is done." They said he concurred that finishing this job meant at least three things: Reestablishing product superiority, regaining control over costs and igniting demand in a broad and balanced customer base. They believe these three criteria have largely been met. Accordingly, firm will not be surprised if McNealy does indeed decide to step down. They think that leaving Sun in 2003 could very well have spelled doom for the co. In 2006, they suspect that the co could move on, perhaps to even greater accomplishments.
Briefing.com
Tech Stocks
General Commentary
Updated: 06-Mar-06 16:17 ET
...
Caris published a note on Sun Microsystems (SUNW +1.35%), saying they believe that there is evidence that SUNW's board -- at who's pleasure CEO McNealy serves -- has recently become more active in discussions with line mgmt as well as playing a role in convincing Board member and retired CFO Michael Lehman to return to the position of the co's CFO. When the firm last spoke with Mr. McNealy about his plans, he indicated that he was staying on "until the job is done." They said he concurred that finishing this job meant at least three things: Reestablishing product superiority, regaining control over costs and igniting demand in a broad and balanced customer base. They believe these three criteria have largely been met. Accordingly, firm will not be surprised if McNealy does indeed decide to step down. They think that leaving Sun in 2003 could very well have spelled doom for the co. In 2006, they suspect that the co could move on, perhaps to even greater accomplishments.
20060307 Tom AM
Markets down slightly on the open.
SPX 1.6B shares yesterday, 200M less. 3.
Oils Money rotating out.
Gold Going down to 495.
TXN Gap away will get filled. Buy at 30.29.
DROOY Looking like a buy.
Nike Rejecting down price today. Needs to prove there are no more sellers.
AUA Molly stock in Canada that is nearing production. Good looking chart, extended.
BLE Molly stock in Canada. .60 to 3 in past three months. Has big gap that will get filled. Good looking chart, extended.
SPX 1.6B shares yesterday, 200M less. 3.
Oils Money rotating out.
Gold Going down to 495.
TXN Gap away will get filled. Buy at 30.29.
DROOY Looking like a buy.
Nike Rejecting down price today. Needs to prove there are no more sellers.
AUA Molly stock in Canada that is nearing production. Good looking chart, extended.
BLE Molly stock in Canada. .60 to 3 in past three months. Has big gap that will get filled. Good looking chart, extended.
Monday, March 06, 2006
China Stocks, Small Miners
China stocks that trade in US:
CWLC.OB .128 up .001.
yhgg.pk 2.68 down .02.
JADE 3.63 down .11.
Small miners:
igmi.ob 3.48 down .20.
mmgg.ob 2.60 down .33.
HL 5.45 down .29 on heavy volume. Watch how it behaves at 5.
CWLC.OB .128 up .001.
yhgg.pk 2.68 down .02.
JADE 3.63 down .11.
Small miners:
igmi.ob 3.48 down .20.
mmgg.ob 2.60 down .33.
HL 5.45 down .29 on heavy volume. Watch how it behaves at 5.
20060306 Tom PM
SPX 1278.26 down 8.97. Light volume. Consolidation.
INDU 10958.59 down 63. Can test 11890.
CCMP 2286.03 down 1657. Friday had higher high with volume. Gap at 2276. 2259 open for a test. Consolidation.
Gold down 10.
GTE 3.48 up .22 with some volume. Broke down channel. Wants to go to 4.49. Over 3.67 with volume then buy.
SMDI 7.93 up .23. Nice set up. Wants to run for 8.61. From 2001 wants to go to 10. Action.
VZ 33.73 up .15. Broke down channel. Can go back toward 60. Wait a while to buy.
ACLS 7.03 down .03. Broke out with volume February 09 2006, made a gap. Will test 6.81. Second gap at 5.83. Maybe consider buying at 6.
AMGN 73.55 down 1.84. Broke swings today. Going lower.
ZHNE 2.67 down .09. Consolidation for a while. Can go to 3.5.
CAT 73.22 down 1.39. Since January 26 2006 has been going up with lighter volume. Extended. Can pull back to 65.
ANTP 16.62 up .92. Has a 30% gap to be filled. Can test 17.75. Be careful if long.
XDSL .42 up .02. Action. Going for .75.
GG 28.09 up .14. Most golds were down today. Very strong gold stock. Can pull back to 24.
RGLD 29.97 down 1.93. Wants to go to 26.
STX 27.52 down .56. Let this pull back to 20.30 before looking to buy.
GFI 19.65 down 1.08. Wants to go to 18. Their largest shareholder (19%) sold out on Thursday.
BGO 4.42 down .23. Buy around 3.67.
XOM 59.98 down 1.00.
ACI 74.93 down 3.22.
INDU 10958.59 down 63. Can test 11890.
CCMP 2286.03 down 1657. Friday had higher high with volume. Gap at 2276. 2259 open for a test. Consolidation.
Gold down 10.
GTE 3.48 up .22 with some volume. Broke down channel. Wants to go to 4.49. Over 3.67 with volume then buy.
SMDI 7.93 up .23. Nice set up. Wants to run for 8.61. From 2001 wants to go to 10. Action.
VZ 33.73 up .15. Broke down channel. Can go back toward 60. Wait a while to buy.
ACLS 7.03 down .03. Broke out with volume February 09 2006, made a gap. Will test 6.81. Second gap at 5.83. Maybe consider buying at 6.
AMGN 73.55 down 1.84. Broke swings today. Going lower.
ZHNE 2.67 down .09. Consolidation for a while. Can go to 3.5.
CAT 73.22 down 1.39. Since January 26 2006 has been going up with lighter volume. Extended. Can pull back to 65.
ANTP 16.62 up .92. Has a 30% gap to be filled. Can test 17.75. Be careful if long.
XDSL .42 up .02. Action. Going for .75.
GG 28.09 up .14. Most golds were down today. Very strong gold stock. Can pull back to 24.
RGLD 29.97 down 1.93. Wants to go to 26.
STX 27.52 down .56. Let this pull back to 20.30 before looking to buy.
GFI 19.65 down 1.08. Wants to go to 18. Their largest shareholder (19%) sold out on Thursday.
BGO 4.42 down .23. Buy around 3.67.
XOM 59.98 down 1.00.
ACI 74.93 down 3.22.
Sunday, March 05, 2006
Reading List
Morning commentary.
Hard Right Edge
Evening commentary.
Market Clues
Rick Ackerman
JS Mine Set
Harry Boxer, The Tech Trader
Trader Tim
Dow Jones Tomorrow's News Today
Technicals and picks.
The Bull Trader
Upticks
Trade Ideas
Trends.
Crazy Trader
Daily longs and shorts, could be random symbols...
Guerilla Trader
Newspaper.
Investors Business Daily
Other.
Goofy Golfer Tiger's Den Info
Short Squeeze
Matt's Charts
Global Gold blog.
bactria Commentary
Visual Trader
English Man Trader
http://stockmonster.blogspot.com/
http://dutch-daytrader.blogspot.com/
http://www.morninggap.com/index.html
http://randomroger.blogspot.com/2006/02/gm-debt.html
http://newyorkmetro.com/news/media/15967/index.html
Hard Right Edge
Evening commentary.
Market Clues
Rick Ackerman
JS Mine Set
Harry Boxer, The Tech Trader
Trader Tim
Dow Jones Tomorrow's News Today
Technicals and picks.
The Bull Trader
Upticks
Trade Ideas
Trends.
Crazy Trader
Daily longs and shorts, could be random symbols...
Guerilla Trader
Newspaper.
Investors Business Daily
Other.
Goofy Golfer Tiger's Den Info
Short Squeeze
Matt's Charts
Global Gold blog.
bactria Commentary
Visual Trader
English Man Trader
http://stockmonster.blogspot.com/
http://dutch-daytrader.blogspot.com/
http://www.morninggap.com/index.html
http://randomroger.blogspot.com/2006/02/gm-debt.html
http://newyorkmetro.com/news/media/15967/index.html
Saturday, March 04, 2006
Ideas To Research
SRLM.PK 4.54 up .24. 52 week high. Has built nearly a year of cause to go up. http://finance.yahoo.com/q/ta?s=SRLM.PK&t=6m&l=off&z=m&q=b&p=m20,m50,m100,m200&a=m26-12-9,ss,r14,v&c=
ESST 3.84 up .13. 52 week high is 5.58.
ESST 3.84 up .13. 52 week high is 5.58.
Constellation Copper
CCUDF.PK 1.895 up .075.
Trades in Toronto as CCU. Is above the 2001 highs.
They mine copper and zinc. Keep an eye on this and the price of copper.
Trades in Toronto as CCU. Is above the 2001 highs.
They mine copper and zinc. Keep an eye on this and the price of copper.
Friday, March 03, 2006
20060303 Marc
TRAD Fantastic pattern. Long term hold. Not good risk/reward to buy here.
Fiber optics going nuts:
AVNX Up 25%. Everything is positive. Below 1.90 is a problem. Insiders buying December 2005.
MRVT
SIGM 15.43 up .42. 50 day moving average is 15.46. Price has gone higher with lighter volume. Be careful if long.
MRVC 3.70 up .38.
Fiber optics going nuts:
AVNX Up 25%. Everything is positive. Below 1.90 is a problem. Insiders buying December 2005.
MRVT
SIGM 15.43 up .42. 50 day moving average is 15.46. Price has gone higher with lighter volume. Be careful if long.
MRVC 3.70 up .38.
20060303 Tom PM
SPX 1287.30 down 4.30. Lighter volume. Bullish.
INDU 11021.59 down down 3.92. Lighter volume. Bullish.
CCMP 2302.60 down 8.51. Higher high with higher volume. Short term can pull back. Longer term building cause to break highs.
Gold 566.80 down 1.20. Junior golds are running.
INTC 20.32 down .17 with volume. Closed higher than lower, is back inside trading range. Is testing low from September 2004. Needs time here.
CSCO 21.04 up .16. Not a short.
QQQQ 41.45 down .24. In consolidation. Today higher high with higher volume. Resistance is January 20 2006 down day. Can go .30 lower. Wants to go higher.
BKHM 8.46 up .97 with volume. Hit 8.75 intraday. Good chart, needs time to pull back and build cause.
GLW 26.64 up .38. Didn't hold high today. Finished ABC up. Will consolidate.
ALKS 25.74 down .14. Broke out February 27, 2006. Can pull back to 23 with lighter volume and be okay.
NOV 62.74 up .08. Can go down to 55.
FF 16.27 up .01. Not a long.
BAC Pays 4.4% dividend.
ECIL 9.07 down .07. Will pull back to 8.65.
VLO down .21. Got over yesterday's high and closed over it. Wants to go down to 53.50.
AAPL 67.72 down 1.89. Needs more volume to keep going down.
EXFO 7.38 up .75 with heavy volume. Going for 8.02. Has built a base since 2002. Action. Real resistance about 10. Caller was "dan from breckenridge".
CAU .91 up .06. Will soon break through trend line. Will test 1.05 then has resistance.
TAGS 1.32 up .12 with some volume. Has built a couple years of base. Wants to go to 1.40. Needs to test lower another time.
KBX 2.65 up .17 with volume. Going to 3.
SVM.TO 13.49 up 1.87 with heavy volume. Keep an eye on this.
SMH 37.94 down .56. In consolidation. Under 36.87 would signal a problem, and this should not happen. May sell off Monday, should be higher later in the week. Inside contains KLIC. Contains INTC which was weak. 10 stocks make up 80% of this.
KLIC 11.55 down .19.
INTC OK.
TXN Dynamite.
AMAT Close.
KLAC Really good.
AMD 39.51 down 1.82. Volume off the top. Not good.
EWJ 13.53 down .19. Mimics Nikkei. Will test lower about .40. Longer term likes the setup.
RBAK 21.75 up 1.20. Volume is lightening up. Finishing weekly ABC up. Sell near 24.
NVAX 5.40 up .02. Gap open at 5.12. Volume is drying up. Be very careful if long.
RIMM Settled patent dispute after market close.
MEDI 36.65 up .31. Not a great short. Volumes are not clear. Don't short this industry group.
DROOY Action. Going to 2.05.
ITRI 60.55 down .48. Time to close the long.
MBAY 1.48 up .37.
INDU 11021.59 down down 3.92. Lighter volume. Bullish.
CCMP 2302.60 down 8.51. Higher high with higher volume. Short term can pull back. Longer term building cause to break highs.
Gold 566.80 down 1.20. Junior golds are running.
INTC 20.32 down .17 with volume. Closed higher than lower, is back inside trading range. Is testing low from September 2004. Needs time here.
CSCO 21.04 up .16. Not a short.
QQQQ 41.45 down .24. In consolidation. Today higher high with higher volume. Resistance is January 20 2006 down day. Can go .30 lower. Wants to go higher.
BKHM 8.46 up .97 with volume. Hit 8.75 intraday. Good chart, needs time to pull back and build cause.
GLW 26.64 up .38. Didn't hold high today. Finished ABC up. Will consolidate.
ALKS 25.74 down .14. Broke out February 27, 2006. Can pull back to 23 with lighter volume and be okay.
NOV 62.74 up .08. Can go down to 55.
FF 16.27 up .01. Not a long.
BAC Pays 4.4% dividend.
ECIL 9.07 down .07. Will pull back to 8.65.
VLO down .21. Got over yesterday's high and closed over it. Wants to go down to 53.50.
AAPL 67.72 down 1.89. Needs more volume to keep going down.
EXFO 7.38 up .75 with heavy volume. Going for 8.02. Has built a base since 2002. Action. Real resistance about 10. Caller was "dan from breckenridge".
CAU .91 up .06. Will soon break through trend line. Will test 1.05 then has resistance.
TAGS 1.32 up .12 with some volume. Has built a couple years of base. Wants to go to 1.40. Needs to test lower another time.
KBX 2.65 up .17 with volume. Going to 3.
SVM.TO 13.49 up 1.87 with heavy volume. Keep an eye on this.
SMH 37.94 down .56. In consolidation. Under 36.87 would signal a problem, and this should not happen. May sell off Monday, should be higher later in the week. Inside contains KLIC. Contains INTC which was weak. 10 stocks make up 80% of this.
KLIC 11.55 down .19.
INTC OK.
TXN Dynamite.
AMAT Close.
KLAC Really good.
AMD 39.51 down 1.82. Volume off the top. Not good.
EWJ 13.53 down .19. Mimics Nikkei. Will test lower about .40. Longer term likes the setup.
RBAK 21.75 up 1.20. Volume is lightening up. Finishing weekly ABC up. Sell near 24.
NVAX 5.40 up .02. Gap open at 5.12. Volume is drying up. Be very careful if long.
RIMM Settled patent dispute after market close.
MEDI 36.65 up .31. Not a great short. Volumes are not clear. Don't short this industry group.
DROOY Action. Going to 2.05.
ITRI 60.55 down .48. Time to close the long.
MBAY 1.48 up .37.
Thursday, March 02, 2006
Ideas
DROOY 1.55 up .10. Buy soon looking for 2.02.
JDSU 3.49 up .32. Can retest 5.88 from January 2004.
BLS VZ. Telecoms that pay dividends. See price from 2000 and 2002.
TSM 9.95 down .10. 3% dividend. Getting close to a buy.
CIEN 4.64 up .29 with volume. Possible buy.
JDSU 3.49 up .32. Can retest 5.88 from January 2004.
BLS VZ. Telecoms that pay dividends. See price from 2000 and 2002.
TSM 9.95 down .10. 3% dividend. Getting close to a buy.
CIEN 4.64 up .29 with volume. Possible buy.
Ideas
DROOY 1.55 up .10. Buy soon looking for 2.02.
JDSU 3.49 up .32. Can retest 5.88 from January 2004.
BLS VZ. Telecoms that pay dividends. See price from 2000 and 2002.
TSM 9.95 down .10. 3% dividend. Getting close to a buy.
CIEN 4.64 up .29 with volume. Possible buy.
JDSU 3.49 up .32. Can retest 5.88 from January 2004.
BLS VZ. Telecoms that pay dividends. See price from 2000 and 2002.
TSM 9.95 down .10. 3% dividend. Getting close to a buy.
CIEN 4.64 up .29 with volume. Possible buy.
20060302 Tom PM
INDU 11025.51 down 28
SPX 1289.14 down 2.10.
CCMP 2311.11 down 3.53.
Markets running higher.
Gold 572.
Silver 10.17 new high from 1984.
SPX 1289.14 down 2.10.
CCMP 2311.11 down 3.53.
Markets running higher.
Gold 572.
Silver 10.17 new high from 1984.
NG 13.82 up 1.32. Took out swing point.
BGO 4.57 up .32. Took out high. Hold if long. Cause built since November 2003.
AEM 28.18 up 1.58.
GG Looks good.
KGC TRE Ready to go.
DROOY 1.55 up .10. Action. Took out swing. Going back to 2.02 then can go higher. Tom bought this morning.
TS 179.41 up 12.16. Steel producer. Hold the long until 190 then it will pull back.
MO 71.61 down .44. Not a long candidate.
SIL 24.27 up 2.26. Has done 100% move in two weeks. Get ready for it to pull back. Can pull back to 19.
ARTG 2.94 up .01. Consolidating.
AUY 9.12 up .12. Pushing highs with monster volume. If it breaks out can go to 14.
JDSU 3.49 up .32 with volume. Action.
BLS 31.88 up .09. 3% dividend. Telecoms want to take off. Weekly close over 32 and it is going to 40.
TSM 9.95 up .10. 3% dividend. Action.
USG 85.47 down 1.03. Hold a long. Looks good.
AUA.CN 1.80 down .17. Buy at 1.40.
NSTK 14.43 down 8.59. Blow out on the downside. Wait for bounce, under 14.43 with lighter volume, and then a sign of strength. There is support a little lower.
FWLT 47.34 up 1.04. Consolidation, can trade down to 42.
WBSN 62.07 down .59. Big consolidation.
GFI 21.57 down 1.63 with volume. A business partner selling shares. Try to buy at 19.50.
AAPL Not a short because market is going up.
AVNX 1.69 up .01. Today higher high then closed a penny under yesterday is a short term problem. Can come back to 1.42. Is going to pull back.
CNXT 3.17 down .11. February 07 2005 came down with volume to 2.61. This needs to be tested.
PETM 28.25 up 2.04. Making way back into gap from August 2005. Buy retracement then can go back to 36.
GOOG 376.45 up 11.65. Counter trend move up from big down day of February 28 2006. Eventually will get back to 300. Close over 397 and it can go to 440.
ALTI 3.67 up .18. Can test the high of 6.42. May pull back to 3.45.
CIEN 4.64 up .29 with volume. Action. Has base from June 2004. Going to 6.
XSNX 1.60 up .08. Looks good. Consolidation.
SPNC 11.43 down .08. Nice setup. Needs more volume and can test 13.38.
RGLD 31.42 up .70 with volume. Yesterday had volume coming down. Be careful if long.
CRDN 60.08 down 1.23. IBD 100 stock. February 08 2006 sell off with volume is a problem. Now pushing highs with volume. Wait for a better setup.
Wednesday, March 01, 2006
PayPal Stops Sales At Gold Info Site
The quick ramp-up of sales from jsmineset.com caused PayPal to stop processing their transactions. The site has been too successful selling their CDs!
Wednesday, March 01, 2006, 2:17:00 AM EST
Online CD Sales
We are still waiting for PayPal to approve the reactivation of our online payment feature for Jim Sinclair’s Gold Compendium. These folks (PayPal - an E-Bay subsidiary) redefine "arbitrary" in terms of their dealings with common folk like us.
In any event, we are all caught up with our advanced mail orders (which were payable by check) and are working on mailing out the online orders we received before PayPal concluded that our sales volume made us suspect.
We haven't given up with online sales yet and invite suggestions from readers who have had success dealing with this internet behemoth which is becoming a fossil before its time.
David Duval
Managing Editor
Wednesday, March 01, 2006, 2:17:00 AM EST
Online CD Sales
We are still waiting for PayPal to approve the reactivation of our online payment feature for Jim Sinclair’s Gold Compendium. These folks (PayPal - an E-Bay subsidiary) redefine "arbitrary" in terms of their dealings with common folk like us.
In any event, we are all caught up with our advanced mail orders (which were payable by check) and are working on mailing out the online orders we received before PayPal concluded that our sales volume made us suspect.
We haven't given up with online sales yet and invite suggestions from readers who have had success dealing with this internet behemoth which is becoming a fossil before its time.
David Duval
Managing Editor
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