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.

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