20060303 Tom PM

SPX 1287.30 down 4.30. Lighter volume. Bullish.
INDU 11021.59 down down 3.92. Lighter volume. Bullish.
CCMP 2302.60 down 8.51. Higher high with higher volume. Short term can pull back. Longer term building cause to break highs.
Gold 566.80 down 1.20. Junior golds are running.

INTC 20.32 down .17 with volume. Closed higher than lower, is back inside trading range. Is testing low from September 2004. Needs time here.
CSCO 21.04 up .16. Not a short.
QQQQ 41.45 down .24. In consolidation. Today higher high with higher volume. Resistance is January 20 2006 down day. Can go .30 lower. Wants to go higher.
BKHM 8.46 up .97 with volume. Hit 8.75 intraday. Good chart, needs time to pull back and build cause.
GLW 26.64 up .38. Didn't hold high today. Finished ABC up. Will consolidate.
ALKS 25.74 down .14. Broke out February 27, 2006. Can pull back to 23 with lighter volume and be okay.
NOV 62.74 up .08. Can go down to 55.
FF 16.27 up .01. Not a long.
BAC Pays 4.4% dividend.
ECIL 9.07 down .07. Will pull back to 8.65.
VLO down .21. Got over yesterday's high and closed over it. Wants to go down to 53.50.

AAPL 67.72 down 1.89. Needs more volume to keep going down.
EXFO 7.38 up .75 with heavy volume. Going for 8.02. Has built a base since 2002. Action. Real resistance about 10. Caller was "dan from breckenridge".
CAU .91 up .06. Will soon break through trend line. Will test 1.05 then has resistance.
TAGS 1.32 up .12 with some volume. Has built a couple years of base. Wants to go to 1.40. Needs to test lower another time.
KBX 2.65 up .17 with volume. Going to 3.
SVM.TO 13.49 up 1.87 with heavy volume. Keep an eye on this.
SMH 37.94 down .56. In consolidation. Under 36.87 would signal a problem, and this should not happen. May sell off Monday, should be higher later in the week. Inside contains KLIC. Contains INTC which was weak. 10 stocks make up 80% of this.
KLIC 11.55 down .19.
INTC OK.
TXN Dynamite.
AMAT Close.
KLAC Really good.
AMD 39.51 down 1.82. Volume off the top. Not good.

EWJ 13.53 down .19. Mimics Nikkei. Will test lower about .40. Longer term likes the setup.
RBAK 21.75 up 1.20. Volume is lightening up. Finishing weekly ABC up. Sell near 24.
NVAX 5.40 up .02. Gap open at 5.12. Volume is drying up. Be very careful if long.
RIMM Settled patent dispute after market close.
MEDI 36.65 up .31. Not a great short. Volumes are not clear. Don't short this industry group.
DROOY Action. Going to 2.05.
ITRI 60.55 down .48. Time to close the long.
MBAY 1.48 up .37.