Friday, August 11, 2006

20060811 Tom PM

SPX 1267 down 5.
INDU 11088 down 36.
CCMP 2058 down 14 on lighter volume.
Dollar 85.39 up .44.
Gold 642 down 2.40.
Silver 11.93 up .05.

ELK 25.03 down .09. Has touched low from a year ago and is going back up.
GROW 21.58 up 2.58. Commodity fund. Broke out today with volume. Going to 28.
SCSS 18 up .11. There are a couple lower gaps that can be filled.
AUY 10.11 down .50 with good volume. Closed near lows. Will go a little lower.
ASEI 45.99 up .35. Terrorism play. Down from 90s in March. Not a buy technically.
RMBS 10.26 down .54. Can test 7 from January 2003.
GEOI 8.11 down .30. Some volume today. Numbers were released before open today. In the middle, be careful. If it breaks 7, next step down is 3.30.
WYNN 71.68 down .02. Wait for 75.45 to get short.
CHNR 6.95 down .10. Went parabolic in January with volume. Came down with lighter volume. Has a history of these parabolic moves. Is going lower to breakout point.

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