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.

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