20060210 Tom PM

Everthing got tested and closed up. Can't break it down then break it up.
Next week is option expiration.
SPX Successfully tested January 20 down draft. We are going top side.
Nasdaq Successfully tested January 20 downdraft.
Dow Never got back down to the January 20 downdraft.
Gold is still going down, though the equities will bounce with the market.
Oil stocks are not going to go up with the market. They may trade sideways.

GLG 28.21 down .94. Going back up.
VLO 50.65 down 2.33. Big volume down today. Wants to go lower to 44.
BAC 43.92 up .09. Rejected the lower price. Tom was short and closed the short.
RGLD 32.91 down 1.06. Put on watch list to buy on a pull back. Will bounce even to 37. Longer term not the time to buy.
YHOO 32.51 up .01. Needs a little more to get out of down trend. With market going up, long risk/reward is okay. Wants to go to 35. Keep a stop at today's low of 32.10. Good high probability trade.

Basil:
TTH 28.41 up .34. Broke out.

MOT 21.60 down .01. Consolidating 19 - 24. January 20th volume down day 22.25. Not quite ready for long.
COA 1.65 down .12. Don't go long. Wants to break below 1.55.
PDN on Toronot 2.70 down .03. Doubled in two months so needs time to consolidate.
CHK 29.62 down .79. Don't buy yet. Oils want to pull back more.
ZIGO 18.45 up .24. Small ABC up. Wants to go to 20 then 21.33 the very top.
SNDK 61.24 up .16. Very small hammer so not very powerful. Personality stock. Wait for sign of strength before going long.
AAPL 67.31 up 2.36. Rejected low today. Going to bounce maybe to 72.51.
GNTA 2.80 down .34.
GENZ 68.05 up .42. Rejected 65.45 today. Can bounce, but not a buy.
BBH 190.70 up 1.30. Rejected lower price. Can go to 197.
BA 72.53 up .52. Action. Sitting at top of trend with some volume and wants to bust above it.
QQQQ 40.96 up .25. Don't be short. There are no more sellers.
SWP Toronto 8.09 down .05. Not a bad looking chart.
ADS 43.04 up .33. High volume low November 26 2005 31.90 that hasn't been tested. Personality stock. Also had down day June 8 2005.
OVTI 26.30 down .79. Almost rejected lower price today. Maybe ready to go up again, though this is extended. Up here the volume is drying up, so wait to buy.
ITRI 49.92 down .63. Nice looking chart, has built cause since September. Bounced today. Action here.
ACL 113.25 down 1.25. Let it bounce then short. The low at 75.65 has not been tested.
NDAQ 40.21 down .06. Consolidating. Can get to 46 again.
DOW 42.01 up .61. Off the bottom. Action. Consolidating 40 to 47.
NTO 3.76 down .20. A metal that does not want to pull back. Buy more at 3.51.