Monday, May 14, 2007

20070514 Tom PM

DJIA 13,346.78 +20.56
NASDAQ 2,546.44 -15.78. Going to 2331.
S&P 500 1,503.15 -2.70. Going to 1363.

Commodities going down, including miners: GRS GG RGLD.

CHD 49.52. Look to buy 43-44.
CM 122.15 up 2.21. Broke above down-channel started February 27. Can buy here with tight stop.
AMAT 20.48 up .71. Going to test 20.77.
PRW .93 up .16. Needs more volume to keep going up.
SBUX 28.9 down .71. Dropping below support at 29 and trapping longs since August 2006. Support at 26.
GOOG 461.78 down 4.96. Large consolidation 440 - 500. Google and myspace blocked for US military troops.
TXN 39.93 up .23. Break to topside.
XLF 37.57 down .18. Volume coming off high. Financial Select Sector Spdr Fund. March 14 2007 low of 34.18 has not been tested.

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