Friday, October 26, 2007

20071026 PM

DJIA 13,806.70 +134.78 Going through 13900.
NASDAQ 2,804.19 +53.33 Gapped up and stayed up.
S&P 500 1,535.28 +20.88. Going through 1540.
Gold 789. All time high. Dollar all time low. Going through 800.
Silver 14.3.
Copper 3.54.
Platinum 1458. All time high.
Oil 91.8. Touched 92.22. Going for 100 round number.

CFC 17.3 +4.23. Good volume. Positive news about financially cleaning house at Countrywide Financial Corp. Consider if this will show continued strength for a few days if the Federal Reserve eases. Can bounce to 20, and consider a short there. Federal Reserve meets Wednesday, and expectations are .25 - .5 rate cut.
VGZ 6.41 +.61. Broke up with price and volume. Going to 7.5. Royalty company, so it moves quickly with gold price.
XOMA 3.93 +.19. Buy, looking for 10% to 4.39.
Buy watch list: TGB AEM BMD

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