20060217 Tom PM

Whoever bought gold today is going to get smoked. ABC down everywhere. Equities closed off highs.

PMU .79 up .05. Volume came in today. Can go to .90.
DELL 30.38 down 1.58. Low of 30.13 today with volume. Under the breakout area with higher volume. Want this to close 29.30 gap. Bounce on lighter volume will mean it is going lower.
SNDK 57.39 down 1.65. Can go into December 15 breakout at 53.
NVDA 47.47 up .27. Hit 50.72 today. Can retrace to 45.10. The buy is 45.51.
LU 2.81 down .07. Will test high volume day in January 13 of 2.39.
NBR 67.86 down 1.29. Need a bounce. Last engulfing. Short at 74.
NGEN 2.74 down .06. Consolidating. Buy around 2.67.
SIFY 12.28 up .125. 10.78 gap needs filled, buy there.
CGEN 4.03 up .05. Has had low volume. This is in the middle. 3.37 is a great buy. Have the buy in ahead of time.
WB 56.27 up .06. Beautiful looking stock. 3.6% dividend.
VZ 34.78 up .23. Buy the pull back at 32.90. 4.7% dividend.
SIRI Down .37 with monster volume on way to 3.92. [short a bounce next week]
Basil:
PG and other consumer stocks at all time high.
Banks rallying. JPM
Wheat ready to turn up after nine year bear.
Corn and soy are OK, wheat has a monthly and weekly that are strong.
Commodities are in bull market.

CNXT 3.00 down .01. Buy at 2.61 if volume is lighter.
WMT 46.10 down .53. Consolidation. May go down to breakout of 45.28.
ECU .77 up .03. Can pull back to .51.
BOL 72.71 up 1.18. Volume is accelerating. Bottom has been tested with lighter volume. Wants to go higher. Can go to 79.
FNSR 2.56 down .01. Intraday higher with lighter volume. Will consolidate around 2.22.
YHOO 32.76 up .01. Will test 31.70.
VLO 54.49 up .67. Maybe short early in week.
URBN 27.01 down .49. Consolidation.
GOOG 368.75 up 2.29. Too early to short. Can counter trend bounce to 394.
ORA 35.70 down 2.28. Volume off the top. Going back to break out of 27.75.
MATK 32.20 down .93. Let it go back to the breakout gap at 28.76 to buy.
SINA 22.52 down .16. Wait for 20.82 if volume is lower and it closes above 20.82 then buy.
MEDI 36.01 up .73. Let it go to 37.58 then if volume lighter can short.
MPET 1.91 up .04. Wants to go to 2.32 then 2.70.