Pre-open 08-03-2006...

I escaped yesterday with a minimal gain, what a relief given my mistake in selling PWR after earnings. As it turns out, the stock gained all-day and I sold too early. I am not upset missing the gains, I am more relieved that I did not lose my profits. July turned out to be a great month for quick trades and I hope August is the same.

I downloaded 103 charts yesterday and six caught my eye: NEW, GLW, DGIN, CTAS, SPLS, THC. Most are large cap, S&P500 stocks, that do not move great percentages in a short time, but they may this time around. After seeing the July results, I am feeling slightly skiddish in finding candidates. I am just going to follow my rules and only buy stocks that have the appropriate setups.

I'll post my trades as always if the market cooperates, otherwise, I'm happy being in cash given the volatile market.

For now,
Masterjaz out