Stock Tiger Update

For Thursday December 28, 2006  

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Dow +102.94 at 12510.57, Nasdaq +17.71 at 2431.22, S&P +9.94 at 1426.84

Thanks a lot for the added votes    yesterday. We have 6 days to go and are leading now but that can change in a day or two so if you can keep up the support that would be great.

The markets were strong today on light volume as expected though I did not think the Dow would make it all the way to a high today. This is a typical Santa Clause rally and I read that since 1950, the S&P 500 has gained an average of 1.5% in the seven trading days starting the day prior to Christmas and ending with the last couple days of January.

When everyone expects something the market can prove them wrong but this time period with its light volume is rather self fulfilling as when it gets going then buyers pile on. We also have the usual end of month and quarter window dressing but that does not make the rally trustworthy for the longer term.

By the way, we have started putting a short video on the front page and hope to do so daily. We have about 58 active picks and some are not ready to trigger but they can set up in a day or two so until they get out of range we like to leave them on the list to watch. If you use Quotetracker as we recommend then it is not hard to follow them as you just set alerts or sort by % gain to track the winners. On this daily video we want to point out a few that are new or on the list that seem near to making a move.

  President Ford  died and although next week is already a short week the market historically closes on the day of a president's funeral though so far no date for a funeral has been set it may be on Tuesday. President Ford was 93, the longest living former president.

The Dow made a new high today (in US dollars of course). I do not think this means to much for the broad market but of course it is better then it being down!

The Nasdaq gapped and ran also but not so well and after the breakdown last week this looks like a set up for s shorting opportunity. We do however have a possible January effect that could come into play next month but this index is damaged.

The S&P 500 large cap was a better looking chart and it had regained its trend line and may go also up to make a new high as it broke above the little trend line today.

The Russell 2000 also has made a nice recovery and it is very close to its high of 800 so a break out there could carry at least some short term weight for our small cap plays.

This is yesterday's gold but today it was only up $3 so it is about the same. Still above the trend line support and nothing to cause a strong buy in metals.

Here are a few to add to our watch list.

NBIX broke above its horizontal resistance and ran into the trend line. This may then be a buy over the $10.62 trend line.