20060309 Tom PM

SPX 1272.23 down 6.24. Closed at low of day. Closed above low of yesterday.
INDU 10972.28 down 33.46. Going for 10922.
CCMP 2249.72 down 17.74. Last engulfing. Buy would mean close one point above low of today with lighter volume.
Gold 546.70 down .30. Definitely last engulfing.

NEM 47.79 down 1.78. Would be nice buy at 44.
NYA Problem.
OVTI 24.56 down .10. No sellers right now.
MRVL 58.6 down .81. Needs more downside volume to go down.
SMH 35.97 down .52. Did a last engulfing.
ITRI 57.35 down .2. Long term can go to 67. Short term can fill gap to 54.
AMD 36.21 down .88. Can go lower as gap is open. Gaps of 5% or more usually get filled.
VZ 33.58 up .14. Tom had buy today. Getting ready to break down channel line.
AVII 6.04 down .48. Is already under huge breakout area at 6.39 so can keep going down to next breakout area.
AKS 12.98 down .04. Strong stock, is pulling back. 12% short position. If short, cover the short.
BEAS 11.61 up .30. Consolidation.
ELP 10.37 down .19. Natural high is 7.
JDSU 3.80 up .05. Didnt hold highs today. 3.42 is buy and 3.18 is buy.
CNC 28.27 down .01. Dangerous to be long.
SNDK 53.53 down .42. Expect it to go lower. Yesterday volume heavier on down day.
ICE 63.99 up 4.80. Strong. Going to 73.
OXPS 26.76 down 1.86. A couple down days with volume. Numbers yesterday. Long term looks good. Broker dealer sector is strong.
HMY 12.90 up .08. Big retracement. Support around 11.
ORCL 12.84 down .02. Not bad setup. Buy around 12.5.
YHOO 30.28 down .71. Going lower. Broke swing point lower so going down to next floor.
PCU 77.91 down .25. Wants to go lower to 66.

IDTI 13.76 down .34. Buy around 12.
GOOG 343 down 10.88. Wants to get into gap at 300. If under 338 then 333 then 300. Too late to short.
NSTK 14.42 down .09. March 1 2006 gap away from 23 to 14 with big volume. Going right back down.
PWAV 14.45 down .15. Consolidation down to 13.20.
ET 23.99 down .35. Another consolidation.
GFI 18.71 up .01. Support at 16.12. Likely great buy at 15.
ITRI 57.35 down .20. 51 would be a great buy.
UARM 27 up .07. Wait to buy at 21.22.
JCP 60.82 up .55. Taking off. Will likely see volume come in tomorrow. On the move. 58.34 was breakout and buy was 59.30 two days ago.
STN 72.23 up 3.38. Running for 75. Try to buy a retracement at 73-75. Then going to 100.
HOMS 5.59 down .08. Let it come down to 5.35 or 5.40 with a tight stop. Gunning for high of 7.04. This would be great money management.