WATCH LIST COMMENTARY: Dow up over 70.00, NASDAQ up over 10
^XAU stopped out for a NET DEBIT of $2.00 or a NET LOSS of $1.70 subtracting the $0.30 from the initial spread. XAU just had no support with falling oil prices and no outright sign of global tensions. With Iran off of page one for now and the blockade of Lebanon removed, there was no immediate sense of world tension to support gold prices unfortunately.
^SOXX semiconductor index climbs back to challenge resistance at $439-$440 area with close at 438.69, definitely still on the WATCH LIST, but now again only $1.31 out of the money. Resistance $439-$440 , support $432. We have got to Watch this one.
Once again, expect this month to have a lot of volatility.
CURRENT ISSUES ON THE WATCH LIST - 9-08-06