Thursday, March 02, 2006

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.

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.

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