20060615 Tom PM

INDU 11015 up 198. Strongest index because a couple days ago did not get below January low.
SPX 1256 up 26. Big price spread. Cash closed just below 200 day moving average. Tomorrow the future should jump the creek.
CCMP 2144 up 58. 2189 is January 3rd breakout.

Quadruple option expire tomorrow.
Market ARMS reading from this week says sold bottom was established.
The first retracement will be crucial.

NEM 50.51 up 1.92. Looks good.
NDX 1573.08 up 42.82. Watch how it goes through 1600, and watch the first retracement.
DNA 78.23 up .37. March 17 at 88 has high volume. Weekly looks nice.
AZK 2.53 up .19. Miner. NXG buying this out in hostile takeover, today buyout price would be 2.38. Tom owns.

Bud:
5 day ARMS said we were at a bottom.

FCX 49.04 up 3.34.
PGR 27.01 up .62. Good looking, been building cause since January. 27.38 has tough time pushing through January 28 volume down day. Like this chart.
SLW 7.95 up .65. Can buy on next retracement. Try to get close to 7.30.