Friday, August 04, 2006

20060804 Tom PM

SPX 1279 down 1. Short term can pull back a few points, later next week set to go to 1336.
INDU 11240 down 2. Will be going up.
CCMP 2085 down 7. Going to 2135.
Dollar 84.38 down .42. Broke July 07 swing point. Going lower.
Gold 857.50 up 1.50.
Silver 12.43 down .06.

GTW 1.40 down .19. Stay away.
AAPL 68.30 down 1.29.
AKAM 39.42 down .87. There is a gap to fill at 32.
BKC 13.75 down .04. IPO'd at 17.
GS 152.99 up .89. Had some higher volume at 136, so can go back there. Not a buy here.
FRG 4.62 up .07. Not clear either way.
DRYS 13.30 down .17. 6% dividend. Took off with volume past couple days. Broke abce channel line with conviction (wide price spread and high volume). Wants to go to 17.

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