20060330 Tom PM

SPX 1300.25 down 2.64. Did not get over the highs. Will revisit 1282.
INDU 11150.70 down 65.
CCMP 2340.82 up 3.04.
Gold 5.93 up 18. Action.
Silver 11.70. Action.

RGLD 37.57 up 1.1. Rocket ship last five days 26 to 37. May correct with time then go higher.
NEM 52.93 up 1.44. Not a short.
AAPL 62.75 up .42. High up volume yesterday. Not long nor short here.
CMED 30.24 down .61. Last week was good. Needs more time to build cause. Will get into 33. Support at 28.95.
FCFS 20.12 up .13. Looks better than CMED.
DROOY 1.62 up .19. Ride it up. Next level is 2.02.
CBIZ 7.87 up .08. ABC up. Extended now. Wait to buy.
ADSX 2.98 up .22. Up with volume. Wants to go to 3.05. Can go to 3.38, the October 2005 swing point.
UPS 79.52 up .08. Set up to go higher. Volume has come in last two days, needs more volume.
ERS 32.81 up 1.02. Just finished ABC up. Wants to go higher.
GSS 3.34 down .17. Relative weakness. Consolidation. Can go down to 3.24.
NWRE 29.45 down .53.

HOMS 6.60 down .22. Looks good. Wants to test 7.04.
NVDA 57.47 up .39. Not a short. Can go a lot higher.
BBY 54.78 up .26. Has two gaps open. WMT is a better buy.
FRG 4.45 up .06. Can hang up here. Needs huge volume to break up higher. Not a buy here. Can buy at 3.5.
BGO 4.49 up .04. Can go down to 4. Strong, consolidating.

20060329 Tom PM

SPX 1302.89 up 9.66. Back in the trading range. Finished strong.
IND 11215.70 up 61.16. Got up to swing point. May have tough time getting through swing point.
CCMP 2337.78 up 33.32. Volume good, not great.
Silver 11.16. ABC to about 12.
Copper 2.40.
Bonds down.
Japanese market up strong. ABC up.

FVE 10.70 down .20. Already did up move. Not a long.
YHOO 32.56 up .17. Big down of 40 to 33 with volume. Will be hard to get back up through that.
EMCI 27.98. Tom does not buy break outs. Wants to go to 30. Buy is at 27.6.
PHM 39.79 up .60. Not a bad short - betther short than RYL.
ABAX 23.68 down .18. Consolidation.
UTEK 24.37 up .97. Good looking chart.
CERS 8.75 up .21. Not a good long.
TFSM 10.08 up .06. Action fundamentally and technically.
KLAC 49.42 up 1.22. Nice move up, though not enough conviction with the volume.
UNH 59.98 up 1.66. Will retest low of yesterday because there was a lot of volume.
FRX canadian 1.02 up .11. Higher highs with volume. Wants to go to 1.20.

TOPT 13.74 up .05. Will make way back to 10 area.
JNJ 59.1 down .09. Is off bottom, though can come back to 58.85.
UARM 34 up 1.09. Going up into bottom of gap. Close inside gap then there is action and it wants to go higher.
ALTR 20.75 up .33. 21.47 has not been tested and wants to be tested.
VASC 7.90 up .05. Established nice base. Low liquidity. Not a super long, and not bad.
NXXI 1.75 up .04. Over the base. Needs huge escalation in volume. Action up to 2.70 where there is resistance.
TRLG 18.87 down .18. Will test 17.77 and 15.21. Look to buy there if lighter volume.
DROOY 1.43 up .07. 1.53 wants to get tested.
BMY 24.94 up .05. Broke away gap up with volume. Wait a few months for it to fill the gap then look to buy.
ORCL 13.72 up .13. Wants to take out 14. Can buy here. Good set up.
RMBS 39.81 up 1.75. Not over bought. Going to 45.

Ideas

ASTM 2 down .05 on double average daily volume. May chop around for awhile. Sell here if there are better opportunities. This thrust through 2.2 was with good volume. Needs to close above that with high volume. Maybe next try it can do it.
ALTI 3.74 up .24. 52 week high is 4.38, which was a spike on huge volume. Needs volume to come in to keep going higher. Tighten trailing stop.
LNUX 4.13 up .25 on more than double average daily volume. Nice chart, has built a lot of cause, volume is decent. RHAT earnings tomorrow evening. Ride it higher.
HL 6.43 up .33 on double average daily volume. Has had nice volume with price move up. Maybe too late to get long, so wait for next pull back.
TGB 1.94 up .13 on double average daily volume. In 1994 this was in the 15s. Yesterday was the buy. Buy some now, then watch how it closes above 2.

S&P Home Price Index

Standard & Poor's said Wednesday it plans to unveil several home-price indexes in the second quarter for 10 cities. They'll serve as the basis of cash-settled futures and options contracts expected to launch in April.

Ideas

LNUX 3.88 up.23 on average daily volume. Going into prices from 2001. In from 3.59, stay long. Close above 4.27 and there are blue skies above.
SUNW 4.97 up .10. Five year chart shows three years of cause has been built.
HL 6.10 up .47 on double average daily volume. 52 week high.
ASTM 2.05 down .18 on huge volume, though less volume than yesterday's larger up spike. Long from 1.76.
DVW 2.13 up .03. Holding the recent highs. Volume is declining. Watch.
GROW 14.51 up 1.15 on average daily volume. 52 week range 4.39 - 20. MACD RSI and Stochs have turned up. Buy at 14.
PQE 21.76 up .17. Big gap to fill starts at 25. Watch and let it build more cause.
EFII 27.98 up .36. Would like to see more volume.
TZIX 17 up .43. Watch.

20060321 Tom PM

SPX 1297.23 down 7.85. Couldn't hold the up price.
INDU 11235.47 down 39.06. Couldn't hold the up price.
CCMP 2294.23 down 19.88. Couldn't hold the up price.
SMH 35.71 up .13.
Gold 556. Big price destruction intra-day down to 552. This was a strong day.

INTC 19.78 up .16. Needs to get going if SMH is to move.
DVW 2.78 up .07. Ran up last week. Just finished ABC up. Buy at 1.65.
TMTA 1.92 down .03. Did ABC. Can retrace to 1.65.

Ideas, banking

Look at banking stocks, as financials will lead the markets up. If financials don't lead up, the markets will likely come down.

COGT 19.00 up .73 on good volume. Big price spread today. Today may have been the buy. Look for a pull back into today's price to buy. Will go into gap at 20.
ASTM 1.79 up .05 on good volume. Built a two month base. Buy.
LNUX 3.75. Running back to 4.
TRAD 14.73. Needs time to build cause.