WATCH LIST COMMENTARY:
^SOXX moves into money with 5 consecutive up days and not only goes on the WATCH LIST but goes into the money. We will watch this position to look for some pullback and possible readjust the trade to minimize upside exposure.
IR closes this week to close at $38.94 and goes on our WATCH LIST after closing up over $38.50.
RYL continues to defy homebuilders slow down and closes at $43.98 and over our WATCH list price of $42.50.
CURRENT ISSUES ON THE WATCH LIST - 8-18-06