Stock Tiger Update

For Friday November 24, 2006  

With only a half a day in trading this week no need to send the Update so much as a time to just wish you in America a Happy Thanksgiving and those in other countries a nice day away from the market and anyway a good time for all to be thankful.

Close Wednesday

Dow +5.36 at 12326.95, Nasdaq +11.14 at 2465.98, S&P +3.28

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The markets are consolidating a bit however the Nasdaq and Sox doing better. We still think a top is not far away though enjoy the gains now. The moves on break outs have not been quite as strong as the market has lost its volatility. It is often a bit better for break out trades to be in a volatile market. We have had 11 stocks hit the buy point this week though so pretty good and several have added nicely also.

The Dow very tight range - next week will tell..

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The Nasdaq 100  on this weekly you see how close it is to the top trend line so another week or two and it could reach it and a good time for a pullback.

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And on the Nasdaq 100 ratio to the S&P 500 it is still outperforming and very close to the trend line and notice the 200 day is about to cross under the 50-day. A break would be bullish but a pullback for a coupled of weeks probably more bullish then a break now.

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The semis also been getting some traction.

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Here are a couple of stocks to add to the watch list.

Sydney31268 pointed out GTW the trend line has been broken and now near the 200-day so a minor break at $2.06 then the horizontal at $2.10

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AKAM at $52.95 would make a break out.

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WIN looks good above $14.10 - would like some more volume.

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CY this one only gapped down recently so it may be much too early to get into the gap but a scalp play anyway if it moves as it could spark some short covering at least enough for a scalp.

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KRY is not for the watch list but a gold stock that has aim interesting chart. They have mines in Venezuela so a risk still of government nationalizing the mines but 5 months of basing and the 50 and 200 day are getting closer. With a stop under the 200-day I bet it could be accumulated on some dips so a longer term hold. Will of course also depend on gold price but this chart looks promising.

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That's it until the weekend please have a great holiday and weekend.

Let us know if there is any problem with this mailing being the first with a new company.

 For the latest complete list of picks check the current list each morning at stocktiger.com

Would appreciate your Vote  It can be done each day you wish. (bottom right had side words (Vote for it!)

Remember to check the ........Earnings Calendar on all overnight holds

Check the  message board also for other good stock candidates as there are several there right now.

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StockTiger.com

 

 

The Financial Ad Trader
The Financial Ad Trader