Thursday, May 17, 2007

20070517 Tom PM

DJIA 13,476.72 -10.81
NASDAQ 2,539.38 -8.04
S&P 500 1,512.75 -1.39. Going to 1491.

CAAS 8.2 +.34. Going to 12-13. Good long risk/reward.
POT 205.08 +4.41. Doubled in past six months, so not a buy here. Look to buy around 186.
RIG 93.31 +2.88. Broke up with volume. Going to 98.
SDS 52.20 +.18. Going to 62.
VLO 73.07 +1.04. Look to buy at 63. Likes oils.
IYR 81.92 -1.50. Going to 66 in a year. Also see SRS (Ultrashort Real Estate Proshares).
SRS 84.69 +3.09.
AVB 117.71 -2.68. Already breaking down. Can go to 90 soon.

UNG Natural Gas ETF

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