20060911 Tom PM

INDU 11397 up 5.
SPX 1230 up 1.
CCMP 2173 up 7.
Gold 597. Slammed down. $20 move is large because there are calls that trigger forced selling.
Metal stocks should open a little lower then close slightly up. Tomorrow should be a buy.
Dollar 85.85. G7 meeting soon.
Option expiry this week.
By Friday stock markets will be up.

JOYG 38.02 down 2.30. Closing the gap a little lower. Has support here. Wants to go back to 47.
LM 90.55 up .24. In middle of consolidation. Not a buy here. In the sector, GS is a better long.
HMY 12.20 down .79 with volume. Tomorrow watch how it touches 11.90. If reject with lighter volume, then it can quickly go back up. This is a good area to go long.
AAPL 72.50 down .02. Consider this to be an entertainment company. Large gap up July 19. Good buy there at 53.
TLAB 9.47 down .19 with accelerating volume. No price spread indicates someone is sitting there buying. Buy a little lower.
VIP 58.02 down 1.88. Finished ABC up. Will pull back to 54 then go back up. 50.17 is still open.
CDE 4.80 down .32 with volume. HL is a better silver long a little lower.
RGLD 26.69 down 2.16 with volume. Confluence is 26.42. Volume was lighter than low day in June at 23.
ERF 50.61 down 2.79 with heavy volume. 9% dividend. Had high volume day on June 13 low, and volume now is higher. Wants to go to 48.52.
FTWR 8.16 up .61. Hasn't shown sign of strength.
DLM 10.05 down .09. Last week rejected bottom again. Can see 11.10.