20070202 Tom PM

Index Last Change Open High Low
DJIA 12,653.49 -20.19 12,673.84 12,683.93 12,638.35
NASDAQ 2,475.88 7.50 2,473.58 2,478.41 2,466.56
SP500 1,448.39 2.45 1,445.94 1,449.33 1,444.49
Light index volumes.

Gold 647.9 down 9.5. B to C of ABC up. More consolidation to do.
XAU 139 down 2.
HUI 332 down 7.
USO 49.2 up 1.36. Wait to short.
RACK 16.69 down 3.65. Another gap down. Had gone to 52 on no volume.
TRE 5.05 down .15. Can test 4.97. Had volume down yesterday.
AMZN 37.39 down 1.31. Will get into gap at 32.86.
SGEN 9.3 up .95. Took off two days ago and for past two weeks. Can go up another day. Wait to buy at 7.25. Has done more than 1:1.618 up, so it will take a long time to get back to these highs.
MRO 89.62 down 1.29. When over 91.50 with lighter volume and close under it, then can short.
RIMM 132.82 up 5.44. Going to 145. Don't chase due to money management concerns (risk 5 to get 10).
PAAS 28.45 down .2. Strong silver stock in ABC up. Going to 31.50.
GBN 1.98 up .15. Wants to go to 2.04 then higher. Long term hold.
CRDC 5.56 up .38. Gambling.
ALB 78.95 down .3. Pushing high with volume.
EICU 10.76 up .27. Wants to test 11.25. Needs a lot more volume to get to 15.
AGT .58 up .04. Going to .66, maybe .86.
SFE 2.87 up .12. Sign of strength today. If volume next week can hit 3.5.
HANS 39.6 up .61. 25% short interest. Before short would need to touch other side of gap.
BWLD 52.11 up 1.23. Maybe short at 55 if it tests that with lighter volume and closes under it.

NTAP 37.33 up .02. It's in the middle.
KSS 73.15 up .33. In consolidation. Can test 75.54.
DOW 41.49 down .14. Pulling back into breakout area with much lighter volume. Low of 33 had monster volume on weekly in July. Buy near 40.35.
RSH 22.38 down .16. Three gap play off bottom. Will likely go down to fill the three gaps. Watch to buy at 17.75.
BUCY 47.89 up .55. Consolidation.
BTJ 21.69 up .02. Wants to go to 24.