Monday, March 06, 2006

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.

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