Monday, August 21, 2006

20060821 Tom PM

SPX 1298 down 5. Low volume. Can go to 1336.
INDU 11345 down 36. Can go to 11670 then 11750.
CCMP 2148 down 16.
Dollar 84.53 down .45.
Gold 638 up 3. Big volume. Can run to 660, 691 then highs of May. Equities will take out Bs tomorrow.
Silver 12.57 up .05.

ERF 57.01 down .24. Going lower. Consolidation. Can test 53 or 48.
VLO 62.70 up .86. Consolidation. Wait to buy at 48.
AUY 10.04 up .53. Can buy here. Will run to 11.4. Good investment stock for a couple years to go to 16 and 20s.
ISE 42.65 down .63. Nice long setup.
C 48.49 down .11. Consolidation. Week of July 21 low had some volume and can be tested.
KGC 13.30 up .97. Rocket ship.
OMX 43.26 down .81. Weekly volume has been lightening up.
CME 455.15 down 6.20. Get ready to close the short.
IDWK 5.71 up .38. Sign of strength today. Buy on pullback. Broke above trend line. May run to 5.99 then buy at 5.35.

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