Friday, June 09, 2006

20060609 Tom PM

SPX Yesterday hit low of 1235 with volume then recovered at end of day. That was a selling climax. Expect 1290 to 1295 then need light volume retest to prove this is a short term bottom.

SNR Does not look good. Not a buy here.
DROOY Hold.
HSR Rocket ship. Did what it should do on the long side.
FDX Hasn't tested yesterday low. Needs more work.
RIG 73.30 yesterday. May need to test 70. Consolidation up to 89.90.
CUP Volatile. Recent takeover news. Let it come back to breaout of 3.54 with lighter volume before buying.

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