Unsolicited from the "Wiz".
Friday, Jul. 28, 2006 - 2:05 PM ET
SLW: consolidation here with resistance at $10.00. A failure at that level should be viewed as a reversal signal.
BGO: Acting well here. The next resistance level is the $6.00 level.
STJ: Beautiful.
OVTI: Beginning to rally off the 500 DMA. This play might not work so we will monitor. The stochastics are turning up here.
JBLU: Finding support at the lows of July. The bias is still down but moving higher at these levels is suspect.
CTX: Nice candle so far today and still finding the 50 DMA as solid resistance. Great reward/risk setup.
BZH: This rally looks more promising than CTX. We will watch this as we continue on today for additional strength and a possible stop out.
Friday, July 28, 2006
Monday, July 24, 2006
20060724 Tom PM
SPX 1260.91 up 20.62.
INDU 11051.05 up 182.67.
CCMP 2061.84 up 41.45.
Dollar 86.08 up .41.
Silver 10.95 up .03.
Gold 615.20 up 2. Gold equities touched low with lighter volume.
AMGN 66.87 up .72. May have some upside.
SNDK 40.20 up 2.69. Last week pulled back with some volume. Needs higher volume to break up.
OIH 134.10 up 4.10. Wants to go to 152 to top of trading range.
ALTR 29.76 up .58. Is back up in the range.
EFA 64.02 up 1.14. Ready to break up. Watch how it does with volume going through 64.95. It needs to prove there are buyers.
JNPR 13.77 up .14.
INDU 11051.05 up 182.67.
CCMP 2061.84 up 41.45.
Dollar 86.08 up .41.
Silver 10.95 up .03.
Gold 615.20 up 2. Gold equities touched low with lighter volume.
AMGN 66.87 up .72. May have some upside.
SNDK 40.20 up 2.69. Last week pulled back with some volume. Needs higher volume to break up.
OIH 134.10 up 4.10. Wants to go to 152 to top of trading range.
ALTR 29.76 up .58. Is back up in the range.
EFA 64.02 up 1.14. Ready to break up. Watch how it does with volume going through 64.95. It needs to prove there are buyers.
JNPR 13.77 up .14.
Friday, July 21, 2006
20060721 Tom PM
INDU 10868.38 down 59.72.
CCMP 2020.39 down 19.03.
SPX 1240.29 down 8.84.
Dollar 85.67 down .27.
Gold 621.20 up 1. Consolidation 620 - 677.
Silver 10.86 up .02.
Copper 3.33.
FMCN 64.65 up 1.46. Consolidation, may go to 67. Try to buy on lighter volume at gap at 54.
DOX 36.70 down .10. Gapped away two days ago and gap at 32 will be filled.
FDX 108.49 down .36. Large price spread. Rejected low. Transports have been having trouble.
SCHW 14.70 down .05. Needs more time.
FDG 25.69 down .91. 13.88% dividend. Wait for 24s.
CHAP 65.26 down 1.57. Steels hit the last few days with volume, though this did not have volume down. Last week high with volume. Keep a tight stop if long.
WFR 27.21 down 4.28 with volume. Can go down to 20. They are delinquent on their filings. Don't be long.
HMY 13.75 down .59 on big volume. Will now consolidate 12 - 17.
MSFT 23.87 up 1.02. Big buy back announced this week.
RGLD 27.00 down .76. Can test 25.80.
PMTI 43.80 down 1.28. Can easily retrace.
CCMP 2020.39 down 19.03.
SPX 1240.29 down 8.84.
Dollar 85.67 down .27.
Gold 621.20 up 1. Consolidation 620 - 677.
Silver 10.86 up .02.
Copper 3.33.
FMCN 64.65 up 1.46. Consolidation, may go to 67. Try to buy on lighter volume at gap at 54.
DOX 36.70 down .10. Gapped away two days ago and gap at 32 will be filled.
FDX 108.49 down .36. Large price spread. Rejected low. Transports have been having trouble.
SCHW 14.70 down .05. Needs more time.
FDG 25.69 down .91. 13.88% dividend. Wait for 24s.
CHAP 65.26 down 1.57. Steels hit the last few days with volume, though this did not have volume down. Last week high with volume. Keep a tight stop if long.
WFR 27.21 down 4.28 with volume. Can go down to 20. They are delinquent on their filings. Don't be long.
HMY 13.75 down .59 on big volume. Will now consolidate 12 - 17.
MSFT 23.87 up 1.02. Big buy back announced this week.
RGLD 27.00 down .76. Can test 25.80.
PMTI 43.80 down 1.28. Can easily retrace.
Thursday, July 20, 2006
20060720 Tom PM
INDU 10928.10 down 83.32.
CCMP 2039.42 down 41.29.
SPX 1249.13 down 10.68.
Gold 629.80 down 2.70.
Dollar 85.94 down .24.
MSFT 22.85 down .55. Share repurchase plan.
HON 36.62 down 1.62. Numbers this morning. Last engulfing. This low will be tested again. Last engulfing is confirmed on next trading day by closing up at least a tick.
EXPD 48.33 down 4.34. Going for gap at 43 from May.
FDX 108.13 down 4.32. Last engulfing.
RGLD 27.76 down 1.77. Will push into 26.88 then push back up.
CCMP 2039.42 down 41.29.
SPX 1249.13 down 10.68.
Gold 629.80 down 2.70.
Dollar 85.94 down .24.
MSFT 22.85 down .55. Share repurchase plan.
HON 36.62 down 1.62. Numbers this morning. Last engulfing. This low will be tested again. Last engulfing is confirmed on next trading day by closing up at least a tick.
EXPD 48.33 down 4.34. Going for gap at 43 from May.
FDX 108.13 down 4.32. Last engulfing.
RGLD 27.76 down 1.77. Will push into 26.88 then push back up.
Coal Industry Stocks
BTU Peabody Energy mines coal.
JOYG Joy Global makes mining machinery.
RAIL Frieght Car America makes lighter coal cars.
JOYG Joy Global makes mining machinery.
RAIL Frieght Car America makes lighter coal cars.
Wednesday, July 19, 2006
20060719 Tom PM
INDU 11011.42 up 212.19.
CCMP 2080.71 up 37.49.
SPX 1259.81 up 22.95 with decent volume.
Dollar 86.18 down .55. Bearish engulfing and doji.
Bernanke speech helped market go up.
QCOM numbers down 5 after hours.
AAPL 54.1 up 1.20. Still not back up into trading range.
FCX Buy was at 50.50.
JNPR 14.14 down 18. Not much cause to go up. Not a buy here without a lot of cause.
COMS 4.86 up .30. Wants to go up, has built much longer base.
CCMP 2080.71 up 37.49.
SPX 1259.81 up 22.95 with decent volume.
Dollar 86.18 down .55. Bearish engulfing and doji.
Bernanke speech helped market go up.
QCOM numbers down 5 after hours.
AAPL 54.1 up 1.20. Still not back up into trading range.
FCX Buy was at 50.50.
JNPR 14.14 down 18. Not much cause to go up. Not a buy here without a lot of cause.
COMS 4.86 up .30. Wants to go up, has built much longer base.
Profund Short ETF
QID UltraShort QQQ ProShares
SDS UltraShort S&P 500 ProShares
MZZ UltraShort MidCap 400 ProShares
DXD UltraShort Dow 30 ProShares
SDS UltraShort S&P 500 ProShares
MZZ UltraShort MidCap 400 ProShares
DXD UltraShort Dow 30 ProShares
Tuesday, July 18, 2006
20060718 Tom PM
INDU 10799.23 up 51.87.
CCMP 2043.23 up 5.51.
SPX 1236.86 up 2.37.
Dollar 86.73 up .05.
Gold 632.80 up 3.30.
Silver 10.6 up .08.
Oil
Wide price spreads today.
Bernanke speaks tomorrow.
IBM 74.26 up .56. Numbers tonight. Not a buy yet.
EWJ Will start moving back up.
TRE 7.05 down .23. In trading range.
CVS 31.38 down .27 with big volume. Gap is open at 30.46.
CCMP 2043.23 up 5.51.
SPX 1236.86 up 2.37.
Dollar 86.73 up .05.
Gold 632.80 up 3.30.
Silver 10.6 up .08.
Oil
Wide price spreads today.
Bernanke speaks tomorrow.
IBM 74.26 up .56. Numbers tonight. Not a buy yet.
EWJ Will start moving back up.
TRE 7.05 down .23. In trading range.
CVS 31.38 down .27 with big volume. Gap is open at 30.46.
Monday, July 17, 2006
Wednesday, July 12, 2006
20060712 Tom PM
INDU 11013.18 down 121.59.
CCMP 20990.24 down 38.62.
SPX 1258.62 down 13.9.
Dollar 85.60 up .57.
Gold 653.30 up 2.10.
Price destruction with light volume.
NEM 55.29 down .21. Gave up higher price today. Needs time to build cause to go up.
SCUR 4.99 down 3.08.
OEX 576.96 down 6.72. Highly volatile options contract. There is a weekly closing OEX that Tom will trade on Fridays. The monthly Tom will only trade during the last week of the contract. Need 5x or 10x setup, not a 2x double.
DNA 80.98 down 3.08. Gap at 77.97 to be filled. In a trading range, so consider buying at this second gap. Stop at 75.77.
HOV 27.94 down .47. Keep holding the short. Will be some support at 23. Will go to 17 and maybe 7. There is nothing holding this up.
CTX 47.86 down 2.29 with volume. Home builder with building contractor/supply companies. Was great on the way up and will go down even faster. Big ABC down. Is in worse shape than HOV. Wait for bounce to short.
SHLD 148.37 down 8.08 with volume.
GNSS 10.61 up .39. On weekly, low of 9.75 this week is successful test of July 2004 test because volume was lighter. On daily can test May 03 2006 12.72.
LBIX 6.65 down .22. Build base at 2.56. Decent chart. Has done parabolic move up with volume. Broke above highs from 2000 and 19995. Look to buy at 3.74. May not get below 5.
GSS 3.09 up .06. Stronger than other golds.
GLG 37.44 down .61. Had volume and gave up price. Will test 36.25.
GILD 61.79 up .03. Wants to test 66.20 high, though it has already made most of the move. Up on a down day today.
ZHNE 1.98 down .05. Has acted okay the past month, so has not had time to build cause to go up a lot.
CCMP 20990.24 down 38.62.
SPX 1258.62 down 13.9.
Dollar 85.60 up .57.
Gold 653.30 up 2.10.
Price destruction with light volume.
NEM 55.29 down .21. Gave up higher price today. Needs time to build cause to go up.
SCUR 4.99 down 3.08.
OEX 576.96 down 6.72. Highly volatile options contract. There is a weekly closing OEX that Tom will trade on Fridays. The monthly Tom will only trade during the last week of the contract. Need 5x or 10x setup, not a 2x double.
DNA 80.98 down 3.08. Gap at 77.97 to be filled. In a trading range, so consider buying at this second gap. Stop at 75.77.
HOV 27.94 down .47. Keep holding the short. Will be some support at 23. Will go to 17 and maybe 7. There is nothing holding this up.
CTX 47.86 down 2.29 with volume. Home builder with building contractor/supply companies. Was great on the way up and will go down even faster. Big ABC down. Is in worse shape than HOV. Wait for bounce to short.
SHLD 148.37 down 8.08 with volume.
GNSS 10.61 up .39. On weekly, low of 9.75 this week is successful test of July 2004 test because volume was lighter. On daily can test May 03 2006 12.72.
LBIX 6.65 down .22. Build base at 2.56. Decent chart. Has done parabolic move up with volume. Broke above highs from 2000 and 19995. Look to buy at 3.74. May not get below 5.
GSS 3.09 up .06. Stronger than other golds.
GLG 37.44 down .61. Had volume and gave up price. Will test 36.25.
GILD 61.79 up .03. Wants to test 66.20 high, though it has already made most of the move. Up on a down day today.
ZHNE 1.98 down .05. Has acted okay the past month, so has not had time to build cause to go up a lot.
Tuesday, July 11, 2006
China
Tony writes a newsletter. He says,
Here are some of the companies I’m watching right now ...
Aluminum Corporation of China (NYSE:ACH) is the largest producer of aluminum in China (and the only producer of alumina).
Jiangxi Copper (OTCBB: JIXAY) is in the cat bird’s seat because China’s growing power transmission network means strong demand for highly conductive metal.
Yanzhou Coal Mining (NYSE: YZC) operates six coal mines in China with 1968 million tonnes of proven reserves. Plus, the company provides valuable rail transportation services.
Swire Pacifica (Hong Kong: 0019) is best known for its Cathay Pacific airline. But the company also operates Shekou Container Terminals, one of the fast-growing ports in South China.
Guangshen Railway (NYSE: GSH) operates the main passenger and freight railroad between Guangzhou and Shenzhen — two of the primary manufacturing cities in China — and Hong Kong.
Here are some of the companies I’m watching right now ...
Aluminum Corporation of China (NYSE:ACH) is the largest producer of aluminum in China (and the only producer of alumina).
Jiangxi Copper (OTCBB: JIXAY) is in the cat bird’s seat because China’s growing power transmission network means strong demand for highly conductive metal.
Yanzhou Coal Mining (NYSE: YZC) operates six coal mines in China with 1968 million tonnes of proven reserves. Plus, the company provides valuable rail transportation services.
Swire Pacifica (Hong Kong: 0019) is best known for its Cathay Pacific airline. But the company also operates Shekou Container Terminals, one of the fast-growing ports in South China.
Guangshen Railway (NYSE: GSH) operates the main passenger and freight railroad between Guangzhou and Shenzhen — two of the primary manufacturing cities in China — and Hong Kong.
20060711 Tom PM
INDU 11134.77 up 31.22.
CCMP 2128.86 up 11.93.
SPX 1272.52 up 5.18.
QQQQ 37.64 up .28.
Gold 643.
Silver 11.54.
Copper 3.62.
Oil 74.06.
Dollar failed.
Markets have made a short term bottom. Rejected lows and back inside trading range.
KLAC 42.56 up 3.23. Intra-day good news. Stay long.
VGZ 10.23 up .94. Going to 12 right now.
SSRI 20.67 up .77. ABC up. Will break B at 20.72 tomorrow. Going to the May 12 gap down day at 22.50.
AUY 10.09 up .51. ABC up. Look for 10.40 tomorrow with over three million shares and it will go into May 12 gap.
OVTI 19.26 up .51. Has work to do.
AMLN 51.21 up 1.11. Broke topside today. Wait for retracement to buy at 49.84. First can go to 59.
ICOS 21.02 up .09. Can run to 22.95.
GILD 61.76 up .16. Up today and did not hold price. Ready for a pull back to build more cause.
CCMP 2128.86 up 11.93.
SPX 1272.52 up 5.18.
QQQQ 37.64 up .28.
Gold 643.
Silver 11.54.
Copper 3.62.
Oil 74.06.
Dollar failed.
Markets have made a short term bottom. Rejected lows and back inside trading range.
KLAC 42.56 up 3.23. Intra-day good news. Stay long.
VGZ 10.23 up .94. Going to 12 right now.
SSRI 20.67 up .77. ABC up. Will break B at 20.72 tomorrow. Going to the May 12 gap down day at 22.50.
AUY 10.09 up .51. ABC up. Look for 10.40 tomorrow with over three million shares and it will go into May 12 gap.
OVTI 19.26 up .51. Has work to do.
AMLN 51.21 up 1.11. Broke topside today. Wait for retracement to buy at 49.84. First can go to 59.
ICOS 21.02 up .09. Can run to 22.95.
GILD 61.76 up .16. Up today and did not hold price. Ready for a pull back to build more cause.
Thursday, July 06, 2006
20060706 Tom PM
INDU 11225.30 up 73.48.
CCMP 2155.09 up 1.75.
SPX 1274.08 up 3.17.
XAU 147.67 up 1.71. Sideways move. Building strength for 157.
CTCI 24.47 up 1.23. Hasn't pulled back since 13. Beautiful chart. Wait for a pull back to buy at 19.
OII 44.50 down 1.55. Wait a little longer to buy at 42.5 at the breakout area. 36 is open.
VZ 33.02 up .14. 5% dividend. Consolidation. Wants to go to 39.
VGZ 9.46 down .09. Option on gold. They own land that will be developed when price of gold rises.
PTC 13.01 up .69. Not yet has cause to go up.
AUY 10.17 up .17. Watch how it behaves at 11.50, and maybe lighten up.
APC 47.20 up .46. Rejected bottom so wants to test top. Later will go lower.
CMN 14.80 up .70. Action. If it gets volume then can test 18.
BSX 15.75 down .44. Too late to go short.
HANS 210. Volume coming in. Wants to go higher.
AZK 2.85 down .05. News. Tom owns.
NXG 3.88 up .01. Wants to go to May 12 gap. Watch that date for all gold equities.
CCMP 2155.09 up 1.75.
SPX 1274.08 up 3.17.
XAU 147.67 up 1.71. Sideways move. Building strength for 157.
CTCI 24.47 up 1.23. Hasn't pulled back since 13. Beautiful chart. Wait for a pull back to buy at 19.
OII 44.50 down 1.55. Wait a little longer to buy at 42.5 at the breakout area. 36 is open.
VZ 33.02 up .14. 5% dividend. Consolidation. Wants to go to 39.
VGZ 9.46 down .09. Option on gold. They own land that will be developed when price of gold rises.
PTC 13.01 up .69. Not yet has cause to go up.
AUY 10.17 up .17. Watch how it behaves at 11.50, and maybe lighten up.
APC 47.20 up .46. Rejected bottom so wants to test top. Later will go lower.
CMN 14.80 up .70. Action. If it gets volume then can test 18.
BSX 15.75 down .44. Too late to go short.
HANS 210. Volume coming in. Wants to go higher.
AZK 2.85 down .05. News. Tom owns.
NXG 3.88 up .01. Wants to go to May 12 gap. Watch that date for all gold equities.
Wednesday, July 05, 2006
Gold Funds
American Century Global Gold Fund BGEIX
U.S. Global Investors World Precious Minerals UNWPX
Scudder Gold & Precious Metals SGLDX
Tocqueville Gold TGLDX
U.S. Global Investors World Precious Minerals UNWPX
Scudder Gold & Precious Metals SGLDX
Tocqueville Gold TGLDX
Subscribe to:
Posts (Atom)