Terrorist Raid in Miami

Posted by downtowntrader | 6/22/2006 09:27:00 PM | 0 comments »

The FBI took some terrorist suspects into custody here in Miami and the story is that they were plotting to blow up the FBI building here and possibly the Sears Tower. We now have two public terrorist raids in the span of a month with the Toronto raid and this one in my backyard. Makes you wonder if something is imminent and counter terrorists are trying to be proactive.

As for the markets, I should of taken the day off as they really didn't do much. Although the indices lost some ground, volume was low and most of the drop came early. We may of set a higher pivot low on the 60 minute nasdaq and sp500 in the early afternoon depending on tomorrow's action.

Here are a few new charts for tonight. Most of this weeks watchlist has been pretty good so lock in those profits.

PEIX may of set a bottom here.

BOOM was holding it's ground all day today and had a nice little move in the afternoon. I am highlighting my next target and possible resistance.
While I'm not a big fan of the broadening base breakout, BLS did clear the formation and is in the process of testing support.

Good Luck and stay safe,