Pre-open 08-15-2006...

Great PPI number just crossed the wires and the futures market is nicely responding. If a similar number crosses tomorrow, watch out, the market will fly. It all depends on how the market holds the rally, as yesterday just bombed. On the trading front, I had to close the ROST trade yesterday as it just would not pop. Still, it was a small loss and that is the goal, large wins with small losses.

I received 74 charts yesterday and found 2 I liked: BLTI and OCAS. The BLTI play is risky, as the intraday volatility in the stock is huge. I am favoring the OCAS trade as it looks good, upside:downside is good as are CCI and Slow Stochastics. I'll see what it looks like at 11am.

For now,
Masterjaz out