20060227 Tom PM

SPX Short term problem.
INDU Wants to go back 80 points.
Nasdaq Broke up through down channel line.
Silver is strong. Has different chart than gold.

NEM 54.78 down 3.32 after numbers. It had come down with volume then back up with lighter volume. This was not quality volume going up.
DNA 86.09 up 1.14. Broke through down channel. Running in to resistance. Needs time to build cause.
PAYX 39.71 up 2.03. Came up to the down day December 22 2005, this is resistance. Buy pull back to 38.5.
EMC 14.18 up .25. Volume is coming in to take out 14.65 from 2003.
NOK 18.79 up .08. 2.4% dividend. Looks good.
NAT 31 down .47. 24% dividend. Had volume off the top in March 2005. This stock is setting up to go to 14.
REGN 17.50 up 1.50. Broke out. 800K shares tomorrow and it will go to 20.43. Put in sell before it gets there, as it will pull back.
RGLD 32.13 down 1.77. Wants to go lower.
OVTI 25.93 up .53. Some day can come down to 22.49.
AMZN 38.01 down .34. Hasnt shown sign of strength since gap down in February 2006. So this is not a long. Should test bottoms at 37.30. If you are long, put stop at 37.20 because after that it can go to 32.79.

AGT .59 up .09. Miner. Finishing ABC, has 7 more cents in it.
AAPL 70.99 up .47. Volume is picking up on the way down. Wants to go to 59 then 51 longer term.
CAKE 36.25 up .16. Consolidation. Can buy in low 30s.
VZ 34.06 up .25. Nice long term hold and buy at 33.60.
GROW 14.60 down .78. Coming back to around 12. Price is coming down with lighter volume, this is a bull market for commodities.
SMDI 8.25 up 1.40. Pushing highs without volume. Eventually wants to go to 10. Buy retracement to breakout at 7.27.