Ideas, Strong Market In Face Of Oil Processing Attack

The markets were nearly unchanged and held up very well considering:
talk of market being overbought,
terrorist attack on aramco oil processing facility sent oil, gold, and silver up.

The markets had every reason to sell off, yet they didn't. This sets up a nice week to be long and watch the bulls run.

Banking has been strong: WB, ACF is at 52 week high.
AVNX 1.39 up .12. Will need more volume to get above 1.5.
NFLX 25.97 up .26 on lighter volume. Range 25.50 - 26.12. Has been going up for a week. Price can always go higher along with the market, though the lighter volume is troubling so be careful with a long position.
SIFY 12.82. Basing and building cause for 14.
BBC 16.35 down .02. Try to buy mid-15s.
SRLM.PK 4.00 up .15. Miner. Has been strong. 52 week high is 4.65.
LDIS 5.52 up .17. Range was 5.33 - 5.52. Opened at low and closed at high, volume was average. The price spread and closing at high points to higher prices. 52 week high is 8.79. Nearly touched 6 in January 2006.
CUP 3.41 up .18 on light volume. Range 3.22 - 3.43. Opened at low and closed near high. Consolidating, keep an eye on the light volume.
COGT 22.88 up .69 on nearly average volume. Broke above 20 DMA and closed near 50 DMA. There was good price spread 22.12 - 23.28. Potential long next week.
RACK 37.99 up 1.38 on lighter volume. Opened at low and closed near high. Good price spread 36.45 to 38.34. Possible long next week. Keep a tight stop, as this has doubled since December 2005.
STXS 13.57 up 1.22 on five times average daily volume. Highest volume in two years of the stock trading. Range today 11.52 - 13.85. 52 week high is 15.80 set in January 2006. RSI and stochs have turned up. MACD is about to turn up.
GTI 4.92 up .21 on higher volume. Turning up and price starting to recover from big gap down with big volume in early February 2006. Today range 4.70 - 4.92.
FRG 3.51 up .11 on light volume. Gold and uranium miner.
ACMR 18 up .04 on light volume. Has a built a couple months of cause. In January 2006 it tested the low of November 2005 with much lighter volume. This is getting ready to head back to 25. Is above moving averages: 20, 50, 100. 200 day moving average is about 21.
QLTI 7.26 up .28 on double average daily volume. Nice daily price spread 6.86 - 7.37. Closed above 20, 50, and 100 day moving averages. Volume is coming in. Will work into gap at 7 3/4. This has cause to go up. Bio-pharma.
WTW 53.10 down .77 with volume. Has run out of upward steam. If the market turns down, consider shorting.
BGO 4.19 up .16. Today range 4.07 - 4.20. 52 week high is 4.39. Going into prices from 1997.
DSCO 8.06 down .35 on double average daily volume.
NANO 13.57 down .65. Can fall further.

Sun MicroSystems SUNW

SUNW's chart shows a lot of cause has been built.

TheStreet.com has an article about Sun being a possible value play.

Value investors have been quietly amassing shares of Sun. The company is in the midst of an overhaul of its business. The recently acquired StorageTek should boost margins and fit in well with Sun's product portfolio. The company is beginning to see some traction in its core business.

20060224 Tom PM

Window dressing next week.
Gold up 11.

TTEK 18 up .61. Action.
VLO 56.19 up 1.34. Gave it up at the end of the day. Will come back to 53.25 next week. Still wants to test 56.85.
GTE 3.08 up .02. December 30 large sign of strength. Wants to go to 3.31 then 3.67.
SIRI 5.18 down .04. Under 5.09 and it will have big problems.
PTSC .72 down .03. Rocket a couple days ago. Be careful. Buy at .43 or even better at .25. Has been building cause and has a couple signs of strength.

GRS 16.75 up.24. Hit 52 week high today. Buy at 13. Not worth shorting the gold market.
NBR 67.64 down .74. Something wrong here, going down to 60.
INTC 20.36 up .07. Ugly, needs a lot of work.
MGAFF.OB 4.85 down .15. Uranium miner. Wants to go back to 5.46.
CMED 33.01 down .54. Dropping on lower volume, and there is nothing to support it.
GNBT 2.22 up .35. Has gone up from .82. Nice break topside today. Wait for pull back.
MNG 2.72 up .11. Hold if you are long. Acted good today. 2.92 may double top then consolidate. Wait to buy.

Ideas

VLO 54.85 up .30. Get short 55 and above. Can test 50.
VLY 24.44 up .14. Buy here.
BIVN 8.67 up .76 on huge volume. Will take out 52 week high of 9.18 and go further maybe to 10.
RMBS 32.05 up 3.79. May make it's way to 35. Too late to get long for long term hold, so wait for pull back. Short term it can go higher.
Q 6.32 up .03. Want more up volume to come in. May be good for longer term hold. Compare with other telecoms that also pay dividends such as VZ and T.

20060203 Tom PM

INDU 11069 down 68 with lighter volume.
Nasdaq 2279.32 down 3.85 on lighter volume.
Gold looks great. Gold equities doing ABC down.

ADBL 10.97 up 1.10. Will run for 11.57 then pullback. [short there?]
AAPL 71.75 up .43. OK to short here.
SCHW 16.56 up .16. Great looking chart. Try to buy at 14.48.
DE 77.75 down 1.14. Consolidation. Can pull back to 69.81. Wants to go to 92.
NVAX 4.92 up .04. Not ready to buy.
NTES 75.5 up 2.62. Numbers after hours that are good.
OIH 138.66 up .11. ABC down - down on higher volume up on lighter volume. Going to 132. Tom is short VLO.
CAT 72.35 down .71. Just finished ABC up. Can pull back to 65.
DD 40.57 down .32. Consolidation. Wants to run to 42 or 43.
VLO 54.85 up .30. Tom is short. February 10 big volume down day with 4 point spread. The price spread is important.
ITRI 59.43 up 1.93. Going to swing high of 60.81. They couldn't bust it down, so it is going up.
IGPG 1.12 down .05. Not a buy. Could see .84.
GE 33.26 down .13. Consolidation. March 2004 hit 28 with volume and this is a problem.

MAG.TO 3.34 up .13. Maybe buy a pull back.
CWTR 22.07 up .41. Volume today. Action. May run to 22.73 tomorrow. Higher later.
ENER 47.02 up 1.78. Not a buy. 39.81 had down volume and needs to be tested.
MFE 23.08 down .10. Came down with monster volume in January. Dangerous to be long. Below 21.75 can go much lower to 17.31.
WMT 45.70 up .22. OK to buy. Better to wait to buy VZ.
VZ 33.92 down .07. Buy at 32.90.
AAPL 71.75 up .43. ABC down maybe to 53. Has been going up with lighter volume. Maybe short here.
CRED 22.95 up .27. Consolidation can come back to 19. Needs to show sign of strength before buying.

20060222 Matt

RKH Regional bank holders. Contains some big banks.

Palisades Water Index contains some infrastructure, 25 stocks:
SWWC 1.4% dividend.
URS Hitting high prices from 1980.
DHR


LECO Machine tools. Buy on pull back. 13% short interest. Pays dividend.

Long Ideas, Short Ideas

LIFC up with good volume. Follow through tomorrow?
T 28.25 up .10. 4.7% dividend.
NFLX 26.37 up .63. RSI, MACD, and stochs have turned up.
Golds:
AU 54.91 up .41. Volume light. Nice point in chart turning up.
HL 5.19 up .13. RSI turned up. Looks to test 5.5.
TRE 6.60 up .17. Volume light. RSI and MACD turned up. Above moving averages. Can test 7.

SIGM 14.18 down .20. Showed weakness on market up day. MACD, Stochs, and RSI all going down. Is now in the middle, close below 13.75 and it can go to 12.
SIRI 5.29 up .11. 6 would be a nice price to short. 5.5 might be the short in next two days.