Monday, March 20, 2006

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.

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