WATCH LIST COMMENTARY:
RYL continues its move up closing at $44.12 remains on our WATCH LIST and is currently only $0.88 out of the money.
^SOXX has a upturn to close at $438.44, deep on the WATCH list and currently only $1.56 out of the money. WATCH CLOSELY.
WATCH LIST: ADDS, DELETES and CHANGES
NO CHANGES - RYL and ^SOXX remain on the WATCH LIST
RYL - up again to close at $44.12. Still puzzling, everything points to a slow down in housing and the housing industry with the net result being lower earning. T he bulls have to be thinking that no further interest cuts will increase housing starts and generate move profits. Go figure. We are keeping an eye on this one.
^SOXX closes at $438.44 up over $4.00 points today drop, it remains deep in out WATCH LIST ZONE, still slightly out of the money, but ^SOXX must remain on the WATCH LIST and needs to consolidate around this area. Will bear CLOSE watching.
No other issues currently on list
CURRENT ISSUES ON THE WATCH LIST - 8-28-06