GGP is overbought and due to correct. The daily RSI is above the upper 70 parameter and suggests a pullback to the previous breakout level (approx.$53.20). A short scalp was initiated on GGP @ 54.84. Stop Loss @ 55.43. (Note: Due to web technical problems, charts cannot be posted.)
CAH has risen from its base fueled by a UBS upgrade and additional fundamental improvements in the company outlook. Longer term, the technical picture seems to offer a
reasonable risk/reward at these levels. Prior
to the break, RSI numbers were resting in the 40 range while MACD momentum held firm as prices eroded lower. Now daily momentum has risen to new highs creating a new target price of : $70.89 (Sept '06 high). Stop loss 63.10.
Triad Hospitals (TRI) stock is being actively accumulated by a private investor group for the following reasons as stated by StreetInsider 13D Tracker : "The hedge fund said the company should amend the composition of the board, focus on improving and optimizing existing assets, excess cash flow should be returned to shareholders through dividends and they should increase leverage significantly." Since the November '06 base, Triad has had quite a run up filling its previous gap and currently appears to be pulling back to the $40 range support level.
January '07 Crude Oil is heading higher to test the $63.61 "technical" resistance level. All technicians are glued to this level. In the previous recommendation dated Nov. 27th, Crude Oil was poised to move higher supported by bullish divergences and stalling lower ADX levels. Secondly, continued OPEC cuts and the coming winter season continue to add additional speculation of higher prices. 
After consolidating since Sept '05, the Natural Gas Index (XNG) broke higher in mid-November '06 and appears headed to higher ground.
This morning's market internals have remained flat reflecting the obsession over a mixed economic outlook. A hung jury remains whether inflation is still a threat. Will the Fed drop rates, have we reached a critical inflection point in the earnings cycle, are lower interest rates in the cards...remains the question du jour. Continued whisper talk argues a halt to the homebuilder decline due to lower interest rates.
A/D ratio : .93
Up/Down Vol ratio : .97
Trin: .95 (and rising)
A Buy was initiated @ 97.43 on the open for NYSE Group (NYX). The 15 min bullish divergence is exhibiting a bias upward for a price target $105.50. Stop $96.51. Also note the clean pullback demonstrated on the daily chart with new momentum highs, support at the 20 day EMA and strong ADX. Exchange stocks have been the talk of late with the newer NYMEX (NMX) IPO.
