Tuesday, April 11, 2006

20060411 Tom PM

Tommorow is weird wally Wednesday, so expect volatility.
SPX 1286.57 down 10.03. Volume accelerating. Broke trend line with conviction. Can test 1270.
INDU 11089.63 down 51.70. Going for 10978 tomorrow.
CCMP 2310.35 down 22.92. Can test 2262. Volume should lighten up this week.
Gold 597.50 down 1.90. Higher high could not hold. Will see sell off in next couple days.
Dollar wants to go higher.

KBX 2.97 down .13. No hurry to get long. Can test 2.50. Nice buy at 2.20 and 1.98.
VZ 32.74 down .74. Let it go lower before buying, to around 31.3.
FCX 61.62 down .46. Can retrace to 56.75.
PD 84.35 up .21. Can retrace to 79.
GNTA 1.78 down .15. Wait a few days before buying this biotech. Buy at 1.56.
NEM 51.46 down 1.44. Can't get over 50 day moving average when gold price is at 600, says something is wrong with the company.
ESLR 13.11 down .90. 11.15 gap is open.
HOLX 49.49 down 3.47. Gap at 43.50 is open. Short a bounce.
DD 43.03 up .06. Held up today in down market. Today pushed into high with some volume. The range down to 42 is still open.
ADBE 37.28 down .22. Last week filled the December 2005 gap.
BW 24.27 down 1.55. Buy at 20.50.
GYMB 27.64 down .37. Gap at 26.30 is open.
TWGP 26.55 down .34. Sell.
NG 14.59 down .68. Wants to go to 12.64.
LANV 6.97 up .02. Good looking chart. 8.70 wants to get tested.

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