Thursday, August 03, 2006

20060803 Wizard Mid-Day

SLW: still looks great for a hold. I expect to see a bit of consolidation here.

LEN: looks like the market was listening to our show last night. Home builders like the idea of a Fed pause.

DXD: DOW looks OK but this trades on low volitility so we are going to wait for a confirmed up trend to sell.

CDE: same story as SLW

EXM: breakout through the 200 DMA and a "W" formation now. Holding well here.

WFR: getting killed and will look to sell.

AVID: finding resistance so far at the 50 DMA so will hold for now.

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