Monday, August 07, 2006

20060807 Tom PM

SPX 11276 down 4.
INDU 11219 down 21. Light volume pull back. Building cause to go up.
CCMP 2073 down 13.
Dollar 84.53 up .15.
Gold 660.50 up 1.
Silver 12.33 up .07. Strong. Sign of strength last Thursday. 13.26 then going to 14.

HANS 29.85 down 10.4 on huge volume of 45 million shares. Gapped down on earnings.
MOT 23.10. Looks good. Wants to go to 24.6 and the highs.
TNP 48.80 up 1.42. Tankers. Extended.
BGO 5.65 down .03. Higher last week to touch 6. Over 6.33 with volume and wants to go to 7. Fundamental down side is Russian mines.
GILD 61.93 up .60. Wait to go long. Needs more cause.
ORCL 14.62. Building cause for 15.24.
WAG 48.41 down .20. Fundamentally Walgreen's is filling many prescription drugs.
AUY 11.16 up .29. Closed over highs today. Earnings tomorrow. Stay long. Over 12.42 is blue skies to 19 in a year.

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