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.

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