DJIA 13,427.73 90.07 Rejected lower price. Had volume lower. Can go up another 100.
NASDAQ 2,605.35 31.19 Sign of strength. Can bounce another 13 points.
S&P 500 1,506.35 13.46 Rejected lower price.
Semis and SMH took off.
AMD 14.58 +.4 Going to 15.63.
GLD 63.67 +.05 Some gold equities are setting up for buys.
SCOX 1.35 +.02 Was 132 is 2000. Can go higher. Have your sell in because it spikes intraday.
PAL 9.47 +.33 Wants to go to 12.
VZ 40.92 -.15 Today rejected lower price with lighter volume at a swing point. Buy.
PKD 11.15 +.48 Consolidation. High with volume is at 12.
Wednesday, June 27, 2007
Tuesday, June 26, 2007
20070626 Tom
DJIA 13,337.66 -14.39
NASDAQ 2,574.16 -2.92 Pushing down. Probably wants to do a bounce. Needs more cause to get to low 45.
S&P 500 1,492.89 -4.85 Showing weakness. No support to slow down the drop.
Gold 642 Into January 5 price.
Silver 12.20
Up bias for July 4th next week.
EMS 40.20 +3.85 Closed near daily high. Testing highs with lighter volume.
ALTI 3.72 +.04 Opened up, large down draft during day, closed up.
WWAT 1.32 +.1 Has volume, and is extended. ABC to 1.6.
NYX 72.82 -2 Can bounce, though going lower.
LTR 51.19 -.96 Volume off top with price spread. Going to 45.
BZH 27.73 -.64 52 week low. In time can go to 12. ABC down to 3.
NASDAQ 2,574.16 -2.92 Pushing down. Probably wants to do a bounce. Needs more cause to get to low 45.
S&P 500 1,492.89 -4.85 Showing weakness. No support to slow down the drop.
Gold 642 Into January 5 price.
Silver 12.20
Up bias for July 4th next week.
EMS 40.20 +3.85 Closed near daily high. Testing highs with lighter volume.
ALTI 3.72 +.04 Opened up, large down draft during day, closed up.
WWAT 1.32 +.1 Has volume, and is extended. ABC to 1.6.
NYX 72.82 -2 Can bounce, though going lower.
LTR 51.19 -.96 Volume off top with price spread. Going to 45.
BZH 27.73 -.64 52 week low. In time can go to 12. ABC down to 3.
Monday, June 25, 2007
20070625 Tom
DJIA 13,352.05 -8.21
NASDAQ 2,577.08 -11.88
S&P 500 1,497.74 -4.82
TGT 64.16 -.11 Has volume at 65 which will likely be tested.
BX 32.44 -2.62 Blackstone Group Lp
PVX 11.81 -.02 11.41% yield. Buy around 10.5.
NVTL 25.22 +.51 At 52 week high. Has doubled without a pull back.
RGLD 24.16 -.46 Wait to buy golds until after broad market corrects.
NASDAQ 2,577.08 -11.88
S&P 500 1,497.74 -4.82
TGT 64.16 -.11 Has volume at 65 which will likely be tested.
BX 32.44 -2.62 Blackstone Group Lp
PVX 11.81 -.02 11.41% yield. Buy around 10.5.
NVTL 25.22 +.51 At 52 week high. Has doubled without a pull back.
RGLD 24.16 -.46 Wait to buy golds until after broad market corrects.
Wednesday, June 20, 2007
20070620 Tom
DJIA 13,489.42 -146 Took back six weeks of trading. Going to 13252.
NASDAQ 2,599.96 -26.80 Going to 2534.
S&P 500 1,512.84 -20.86 Took back 6.5 weeks of trading. Going to 1487.
Small caps gave back gains to April 25.
Over past month, quality volume had been down with light volume up. Down volume accelerating.
AMEX closed early. As of 3:34 p.m. ET, AMEX has closed trading in all equities and ETFs for the remainder of the trading day (options are still trading).
Cotton up strong, was at limit up at one point.
Sugar putting in lows, was overdone to down side, could double in next year. 9.47 cents per pound, was 20 cents per pound in the past.
GROW 24.74 Wait to buy at 19 or 17. Gold equities are not ready to buy. Gold equities will pull back with broad market. Bonds and dollar will pressure down the markets and gold equities.
AMD 13.64 Can pull back to 10 and maybe 2. Has come down from 41 on April 25.
HMY 14.5 Buy at 13.7.
PMU .98 Sign of strength today with price, not volume. Going to 1.13.
AMR 27 Today was sign of strength, and needs to show more proof. Maybe buy next retracement, or if no other sign of strength then can go to 19.
HOG 59.58 Going to 57.91.
DRYS 38.11 Good looking down volume for potential short at 39. Research the Baltic Freight Index.
ACTU 6.26 Pushing highs with volume.
NASDAQ 2,599.96 -26.80 Going to 2534.
S&P 500 1,512.84 -20.86 Took back 6.5 weeks of trading. Going to 1487.
Small caps gave back gains to April 25.
Over past month, quality volume had been down with light volume up. Down volume accelerating.
AMEX closed early. As of 3:34 p.m. ET, AMEX has closed trading in all equities and ETFs for the remainder of the trading day (options are still trading).
Cotton up strong, was at limit up at one point.
Sugar putting in lows, was overdone to down side, could double in next year. 9.47 cents per pound, was 20 cents per pound in the past.
GROW 24.74 Wait to buy at 19 or 17. Gold equities are not ready to buy. Gold equities will pull back with broad market. Bonds and dollar will pressure down the markets and gold equities.
AMD 13.64 Can pull back to 10 and maybe 2. Has come down from 41 on April 25.
HMY 14.5 Buy at 13.7.
PMU .98 Sign of strength today with price, not volume. Going to 1.13.
AMR 27 Today was sign of strength, and needs to show more proof. Maybe buy next retracement, or if no other sign of strength then can go to 19.
HOG 59.58 Going to 57.91.
DRYS 38.11 Good looking down volume for potential short at 39. Research the Baltic Freight Index.
ACTU 6.26 Pushing highs with volume.
Tuesday, June 19, 2007
20070619 Tom AM
EMS 38.42 -1.16. Had restested highs with light volume, now going down.
TRE 4.92 Going to test 4.56.
EXPE 29.52 +4.02. News will buy 42% of common stock.
FCX 82.78 -.74. Fundamentally strong. Technically can get to 75 or 62.
AAPL 123.17 -1.92. Large portion of NDX index.
Oils not ready to break down and want to go higher.
TRE 4.92 Going to test 4.56.
EXPE 29.52 +4.02. News will buy 42% of common stock.
FCX 82.78 -.74. Fundamentally strong. Technically can get to 75 or 62.
AAPL 123.17 -1.92. Large portion of NDX index.
Oils not ready to break down and want to go higher.
Monday, June 18, 2007
20070618 Tom
DJIA 13,612.98 -26.50
NASDAQ 2,626.60 -0.11
S&P 500 1,531.05 -1.86
CROX 44.33 -1.25 28% short.
SIRI 2.90 -.02 Can go to 3.
HMY 14.26 +.36 Has shown signs of strength. Buy at 13.7. Can go to 20 longer term.
TLT 83.52 -.17 Pushing lows with volume. Going down after a few weeks of bouncing around.
NASDAQ 2,626.60 -0.11
S&P 500 1,531.05 -1.86
CROX 44.33 -1.25 28% short.
SIRI 2.90 -.02 Can go to 3.
HMY 14.26 +.36 Has shown signs of strength. Buy at 13.7. Can go to 20 longer term.
TLT 83.52 -.17 Pushing lows with volume. Going down after a few weeks of bouncing around.
Sunday, June 17, 2007
Friday, June 15, 2007
20070615 Tom
DJIA 13,639.48 +85.76 Three black crows on way down, three gap play on way up.
NASDAQ 2,626.71 +27.30 Same as DJIA, so will go down.
S&P 500 1,532.91 +9.94
Quadruple expiration.
Three black crows like to be tested. 2000 had these everywhere.
Sugar maybe can start to scale in.
GBN 2.67 +.22 In consolidaton. Wait for 2.2 to buy.
SCUR 7.61 +.18 Didn't completely fill February gap. Going for swing of 7.84 from last week.
JOYG 61.24 +.81 Up 50% since March. Should consolidate.
XRA 4.04 +.45
RNO 5.19 +.06
PAAS 27.59 +.54
AEM 36.75 +.8
NTO 5.69 +.19 Retesting high.
NEM 40.43 +.58 Going for 41.7 then 42.
NASDAQ 2,626.71 +27.30 Same as DJIA, so will go down.
S&P 500 1,532.91 +9.94
Quadruple expiration.
Three black crows like to be tested. 2000 had these everywhere.
Sugar maybe can start to scale in.
GBN 2.67 +.22 In consolidaton. Wait for 2.2 to buy.
SCUR 7.61 +.18 Didn't completely fill February gap. Going for swing of 7.84 from last week.
JOYG 61.24 +.81 Up 50% since March. Should consolidate.
XRA 4.04 +.45
RNO 5.19 +.06
PAAS 27.59 +.54
AEM 36.75 +.8
NTO 5.69 +.19 Retesting high.
NEM 40.43 +.58 Going for 41.7 then 42.
Thursday, June 14, 2007
20070614 Tom
DJIA 13,553.73 71.38
NASDAQ 2,599.41 17.10
S&P 500 1,522.97 7.30
Gold 655.70
Silver 13.07
EMS 39.89 +.9 on light volume. 52 week closing high. 52 week intraday high is 40.90. Into May 3 day of huge volume.
Microsoft signed a licensing agreement with Linspire (distributes Linux PC through WalMart). Microsoft also has agreement with Novell. Would Microsoft buy Novell?
XRA 3.59 +.31. Retesting high of June 7 with light volume.
FRPT 25.54 +.29. Want to see more volume to test the recent high at 31.
ONT 3.02 +.15. Has gone parabolic from .74 to 3.99 in May. Not a buy.
ANO 2.40 +.11. Tom owns. Buy at 1.76.
HEES 26.5 +.23. Trying to run to 28.26 of May 11. May 2006 high is 42.05.
VGZ 4.6 +.1. Chart is shaping up for a buy.
NGEN 1.37 -.01. Wait for gap to be filled and 1.25.
RIMM 171.17 +.37. Not yet a short.
CVS 37.26 -.14. Buy around 33.88 from March 16.
AZO 136.61 -1.13. Not yet a short.
NASDAQ 2,599.41 17.10
S&P 500 1,522.97 7.30
Gold 655.70
Silver 13.07
EMS 39.89 +.9 on light volume. 52 week closing high. 52 week intraday high is 40.90. Into May 3 day of huge volume.
Microsoft signed a licensing agreement with Linspire (distributes Linux PC through WalMart). Microsoft also has agreement with Novell. Would Microsoft buy Novell?
XRA 3.59 +.31. Retesting high of June 7 with light volume.
FRPT 25.54 +.29. Want to see more volume to test the recent high at 31.
ONT 3.02 +.15. Has gone parabolic from .74 to 3.99 in May. Not a buy.
ANO 2.40 +.11. Tom owns. Buy at 1.76.
HEES 26.5 +.23. Trying to run to 28.26 of May 11. May 2006 high is 42.05.
VGZ 4.6 +.1. Chart is shaping up for a buy.
NGEN 1.37 -.01. Wait for gap to be filled and 1.25.
RIMM 171.17 +.37. Not yet a short.
CVS 37.26 -.14. Buy around 33.88 from March 16.
AZO 136.61 -1.13. Not yet a short.
Friday, June 08, 2007
London Metal Exchange Changes Rules
Nickel tumbles after LME changes rules
By Anna Stablum
LONDON, June 7 (Reuters) - Nickel fell almost six percent on Thursday after the London Metal Exchange changed lending rules to free up more metal, analysts said.
The nickel market, with prices hitting $51,800 a tonne in May and rising some 40 percent this year, has been characterised by extreme tightness with low stocks in LME warehouses and strong use in China.
The LME amended its lending rules, lowering the limit at which holders of dominant long positions are required to lend to the market, late on Wednesday.
...
By Anna Stablum
LONDON, June 7 (Reuters) - Nickel fell almost six percent on Thursday after the London Metal Exchange changed lending rules to free up more metal, analysts said.
The nickel market, with prices hitting $51,800 a tonne in May and rising some 40 percent this year, has been characterised by extreme tightness with low stocks in LME warehouses and strong use in China.
The LME amended its lending rules, lowering the limit at which holders of dominant long positions are required to lend to the market, late on Wednesday.
...
Thursday, June 07, 2007
20070607
DJIA 13,266.73 -198.94
NASDAQ 2,541.38 -45.79
S&P 500 1,490.72 -26.66
SA 16.53 +.43. Volume today 1,284,500, 178.8 Thousand Avg Vol (10 day).
NASDAQ 2,541.38 -45.79
S&P 500 1,490.72 -26.66
SA 16.53 +.43. Volume today 1,284,500, 178.8 Thousand Avg Vol (10 day).
Clean Energy (CLNE)
"T. Boone Pickens, chose not to sell shares into the IPO."
Clean Energy Fuels Flat 1st Day Of Trade
Investors shied away from Clean Energy Fuels Corp.'s (CLNE) initial public offering on Friday after the stock priced below the anticipated range and selling shareholders, including energy investor T. Boone Pickens, chose not to sell shares into the IPO.
Clean Energy opened at $12 a share on the Nasdaq Stock Market, in line with its IPO price. The stock was recently trading at $12.04.
Clean Energy priced below the expected range of $13 to $17 a share following an auction conducted by WR Hambrecht & Co.
...
Clean Energy Fuels Flat 1st Day Of Trade
Investors shied away from Clean Energy Fuels Corp.'s (CLNE) initial public offering on Friday after the stock priced below the anticipated range and selling shareholders, including energy investor T. Boone Pickens, chose not to sell shares into the IPO.
Clean Energy opened at $12 a share on the Nasdaq Stock Market, in line with its IPO price. The stock was recently trading at $12.04.
Clean Energy priced below the expected range of $13 to $17 a share following an auction conducted by WR Hambrecht & Co.
...
Tuesday, June 05, 2007
20070605 Tom
DJIA 13,595.46 -80.86
NASDAQ 2,611.23 -7.06
S&P 500 1,530.95 -8.23
EYE 36.38 +2.71. Down on big volume last week. Dead cat bounce. Will again go lower.
NASDAQ 2,611.23 -7.06
S&P 500 1,530.95 -8.23
EYE 36.38 +2.71. Down on big volume last week. Dead cat bounce. Will again go lower.
Friday, June 01, 2007
20070601 Tom, CREE
DJIA 13,668.11 +40.47
NASDAQ 2,613.92 +9.40
S&P 500 1,536.34 +5.72
CREE 24.81 +2.31.
June 1, 2007, 2:51 pm
Cree: AmTech Launches With Buy Rating; Betting on “The LED Revolution,” He Sees The Stock Doubling
Posted by Eric Savitz
Andrew Huang, an analyst at American Technology Research, this morning launched coverage of Cree Inc. (CREE) with a Buy rating and an ambitious $50 price target.
Huang is making a big concept bet here: he sees Cree as a bet that LED-based lighting (LED stands for light emitting diode) “is the best available” lighting technology in the market today with respect to efficiency, cost, useful life and the environment. “Similar to the trends in solar and ethanol stocks, we believe the LED lighting market will emerge as the next ‘clean energy’ investment trend,” he wrote in a research note today. “We believe this story is a long-term, fundamental, secular growth story, with technology that it the proverbial ‘game changer.’”
...
BP 67.61 +.60. High of 69.96 had some volume. 3.67% dividend. Don't sell your long.
ONT 2.95 -.14. Look to buy at 2.36.
BRCD 8.44 -.75. Going to 5.
NASDAQ 2,613.92 +9.40
S&P 500 1,536.34 +5.72
CREE 24.81 +2.31.
June 1, 2007, 2:51 pm
Cree: AmTech Launches With Buy Rating; Betting on “The LED Revolution,” He Sees The Stock Doubling
Posted by Eric Savitz
Andrew Huang, an analyst at American Technology Research, this morning launched coverage of Cree Inc. (CREE) with a Buy rating and an ambitious $50 price target.
Huang is making a big concept bet here: he sees Cree as a bet that LED-based lighting (LED stands for light emitting diode) “is the best available” lighting technology in the market today with respect to efficiency, cost, useful life and the environment. “Similar to the trends in solar and ethanol stocks, we believe the LED lighting market will emerge as the next ‘clean energy’ investment trend,” he wrote in a research note today. “We believe this story is a long-term, fundamental, secular growth story, with technology that it the proverbial ‘game changer.’”
...
BP 67.61 +.60. High of 69.96 had some volume. 3.67% dividend. Don't sell your long.
ONT 2.95 -.14. Look to buy at 2.36.
BRCD 8.44 -.75. Going to 5.
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