20060803 Tom PM

SPX 1280 up 1.65 with more volume. Would not be surprised to see 25 point up day after FED meeting next week Tuesday.
INDU 11242 up 42.18.
CCMP 2092 up 13.53.
Dollar 84.80 down .03.
Gold 656.40 down .60.
Silver 12.10 up .01.

PCL 34.18 up .18. In consolidation and will test a little lower. Support at 33 though can test 27.
TOL 27.11 up 1.16. Homebuilders had dead cat bounce today. Can get to 29. Possible short there.
RIG 71.80 down 6.88. Numbers before opened. CEO said new capacity will come online this year.
RHAT 23.10 down .27. Not a long. Late June came down with volume. Today rejected low, which is positive.
BCM.cn 7.48 up .24. Broke to new highs today. 15% owned by SLW. Completed ABC and will now consolidate.
CBJ 3.33. Going to 4.20, then higher.
RF 36.84 up .10. Dividend. Can go a lot higher, to 50 in a year or two.
DESC 4.97 up .42. May be off the bottom.
VOL 44.40 up 2.78. Wait for it, and try to buy at 39.
TNS.cn 1.74 up .01. Overvalued. Can go to 1.28. Being bought by, USGL which is way overvalued.
COSWF 32.72 up .42. Hanging in there after volume a couple days ago. Needs some more volume to break up. Try to buy at 25.