22 January 2007

More Tol


I have been bringing my cost basis down with two good swing trades of the stock off this $32.11 pivot as the bigger $32.68 pivot still holds Toll Brothers back into the close....we're sitting near $32.50 as I type and my risk parameters will be violated if we close above that last pivot...

Market Momentum as of Jan 22 - 15:00

NYSE Nasdaq AMEX OTCBB
Advancing Issues 1171 1055 384 514
Declining Issues 2138 1989 701 1134
Unchanged 139 132 98 336
Advancing Shares 672,122,100 304,167,100 66,919,200
Declining Shares 1,312,480,400 1,179,725,300 217,805,400
New Highs 165 62 43 16
New Lows 11 33 5 22


Internals still weak but the markets are pretty well off the lows...a rebound Tuesday in the works??