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Jeff Bailey : 5/9/2006 2:05:02 AM

General Motors Revises Quarterly Results, Turns Profit ... Reuters Story Link

GM $23.55 Link ... last tick I see was $23.70 extended.

Jeff Bailey : 5/9/2006 2:02:37 AM

Toyota Motor's North America President Steps Down ... AP Story Link

TM $121.36 Link

Jeff Bailey : 5/9/2006 1:20:33 AM

MM Stock Pivot Matrix found at this Link

Note: I do show an "opening tick" of $20.00 for AMTD today, but take that with a grain of salt as it lasted for all of 1-minute (1-minute interval charts falls from $20.00 to $19.38.

Several data feeds (source like Yahoo! StockCharts.com) also show $20.00 as session high.

Jeff Bailey : 5/9/2006 12:07:56 AM

Holly Corp. (HOC) 15-minute interval chart (recap) at this Link ... Putting aside the SUN winner and "crack spread" for a moment.

Jeff Bailey : 5/8/2006 11:44:25 PM

Current OPEN MM Profiles that I've made at this Link

Today's Activity

Swing trade put one (1) of the Holly Corp HOC May $80 Puts (HOC-QP) at $2.60. No stop on the option (currently) and targeting $73. This stock traded MUCH stronger than I think it "should have." (news 10:24:03 triggered my bearish investigation/profile and 11:50:21 still didn't sway me). A $0.01 increase in June Unleaded changed 20DayNet% vs. June Crude on a crack spread basis, but there may be something "more" to HOC than this "HOC bear" understands.

With HOC strength I "error on the side of PROFIT" and have CLOSED OUT the two (2) NAKED CALLS for the Sunoco SUN May $85 Call (SUN-EQ) at the offer of $0.15. ($+1.00/contract, or +86.96%).

OI Technical Staff : 5/8/2006 9:59:59 PM

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Jeff Bailey : 5/8/2006 5:22:15 PM

Closing U.S. Market Watch found at this Link

Jeff Bailey : 5/8/2006 5:05:42 PM

Closing Internals found at this Link

Marc Eckelberry : 5/8/2006 4:34:19 PM

DELL just lowered forecasts and is hurting techs.

Jeff Bailey : 5/8/2006 4:31:14 PM

QQQQ $42.11 extended session.

Jeff Bailey : 5/8/2006 4:30:37 PM

DELL released for trade ... $25.20 ...

Jane Fox : 5/8/2006 4:23:19 PM

Tomorrow we have a 10a.m. May Wholesale Trade.

Jeff Bailey : 5/8/2006 4:22:32 PM

QQQQ $42.20 +0.09% ... $42.13 extended (DELL still halted) ...

Jane Fox : 5/8/2006 4:21:27 PM

Dell says earnings and revenue will be below earlier forecasts.

Jeff Bailey : 5/8/2006 4:21:22 PM

DELL ... QCharts' WEEKLY Pivot Levels ... $24.42, $25.05, Piv= $25.72, $26.35, $27.02.

Jeff Bailey : 5/8/2006 4:14:10 PM

DELL (update ... DJ- Updates Q1 Earnings Guidance

Sees 1Q EPS 33c

Sees 1Q Rev $14.2B Vs Prior View Of $14.2B-$14.6B

Dell's Prior 1Q EPS View 36c-38c

Pricing Decisions In The 2H Of Qtr Hurt Results

Pricing Decisions To Accelerate Future Rev Growth

Jeff Bailey : 5/8/2006 4:11:17 PM

Dell Computer (DELL) halt alert $26.43 +2.92% ...

Jeff Bailey : 5/8/2006 4:10:31 PM

YM 11,606

Jeff Bailey : 5/8/2006 4:10:05 PM

Sell Program Premium ... DIA $115.78 , SPY $132.48

Jeff Bailey : 5/8/2006 3:56:17 PM

Sector Bullish % 04/07/06-05/05/06 found at this Link ... with major market average benchmarks. May be useful with tonight's Market Wrap

S&P 500 Bullish % ($BPSPX) from StockCharts.com at this Link

Marc Eckelberry : 5/8/2006 3:52:28 PM

Target on the ES short from 1330 is 1322/1323.

Marc Eckelberry : 5/8/2006 3:28:08 PM

My 40 INTC January 2007 17.5 calls are doing very well now. I plan on selling May 20 calls against them on a push to 21/22 and holding the January's longer. There is a gap to close at 21.35, but I am also seeing too many calls at May 20 and 22.

Jeff Bailey : 5/8/2006 3:25:51 PM

Current OPEN MM Profiles that I've made at this Link

Closed out (bought back) the SUN-EQ at the offer of $0.15 (reasoning: stock "bounce" has volatility compressing and taking some heat on HOC)

Established stop on the OEX.X May 610 Calls (OEY-EB)

Jeff Bailey : 5/8/2006 3:12:47 PM

03:00 Internals found at this Link

Jeff Bailey : 5/8/2006 3:03:10 PM

03:00 Market Watch found at this Link

Jeff Bailey : 5/8/2006 2:59:17 PM

Just want to keep our good friends at the CBOE on the al_rt. (grin)

Jeff Bailey : 5/8/2006 2:56:40 PM

Swing trade NAKED CALL(s) Close out alert for the two (2) SUN May $85 Calls (SUN-EQ) at the CBOE offer of $0.15.

SUN $78.07 -1.06% here

Level II Link

Jeff Bailey : 5/8/2006 2:47:37 PM

OEY-EB Stop Question ... Hi Jeff,

I took your Oex option play, buying 2 calls from Friday, May 5th.

What would you suggest as a profit stop on these? I bought them for $ 1.20.

Many thanks again for all your hard work!

Jeff's Reply ... Will probably profile a stop for 50%, or $0.60 on the option. Really don't want to see OEX much under WEEKLY Pivot into Wednesday's FOMC.

Jeff Bailey : 5/8/2006 2:42:51 PM

Holly Corp. (HOC) $80.70 +4.94% ... Did trade WEEKLY R2/MONTHLY R1. Need those computers to sell from there.

Jeff Bailey : 5/8/2006 2:38:37 PM

Ned (Tech support)! ... Looks like things are "fixed"

Jeff Bailey : 5/8/2006 2:37:35 PM


Jane Fox : 5/8/2006 2:18:42 PM

$RUT AD line 792/878 about as neutral as you can get.

Jeff Bailey : 5/8/2006 1:19:47 PM

01:00 Internals found at this Link

Jeff Bailey : 5/8/2006 1:02:45 PM

01:00 U.S. Market Watch found at this Link

Jeff Bailey : 5/8/2006 12:59:04 PM

Sunoco (SUN) 30-minute interval chart with MONTHLY/WEEKLY Pivot Retracement at this Link

Tab Gilles : 5/8/2006 12:54:22 PM

On 4/26 2:09 PM post I highlight Murphy Oil (MUR) coming down to test Fib retracement, which it has. Link The 200-ma is providing some support, considering today's drop in crude.

Intel (INTC) Appears to working of a bottom here. Again mentionedlast 4/24 10:11 AM. Link Link I like the Jan '07 $20 Leap calls (OBYAI)

Jeff Bailey : 5/8/2006 12:53:25 PM

Holly Corp. (HOC) ... 60-minute interval chart with MONTHLY/WEEKLY Pivot retracement at this Link ... Similar scenario for "refiners." Look for recent deterioration in crack spread to pressure lower.

Jeff Bailey : 5/8/2006 12:29:32 PM

OEX.X 602.50 -0.09% ...

Jeff Bailey : 5/8/2006 12:29:06 PM

S&P Banks (BIX.X) 388.88 -0.69% ... slip under WEEKLY Pivot.

Some YIELD curve flattening into Wednesday's FOMC.

5-year YIELD up 2.7 bp

10-year YIELD up 1.7 bp

30-year YIELD up 0.4 bp

Jeff Bailey : 5/8/2006 11:58:12 AM

Current OPEN MM Profiles that I've made at this Link

Jeff Bailey : 5/8/2006 11:50:21 AM

Holly Corp. (HOL) $79.72 +3.66% ... Q1 Profit More Than Triples ... AP Story Link

Jeff Bailey : 5/8/2006 11:03:08 AM

11:00 Market Watch found at this Link

Jeff Bailey : 5/8/2006 10:52:50 AM

HOC target is $73.00 ... WEEKLY Pivot Levels ... $72.35, $74.67, Piv= $76.71, $79.03, $81.07.

Jeff Bailey : 5/8/2006 10:51:06 AM

HOC-QP filled alert $2.60 ... HOL $79.05 ...

Jeff Bailey : 5/8/2006 10:46:06 AM

Sell Program Premium ... SPX 1,326.36

Jeff Bailey : 5/8/2006 10:44:13 AM

Swing trade put alert ... for one (1) of the Holly Corp HOL May $80 Puts (HOC-QP) $2.45 x $2.90 at LIMIT $2.60. HOL $78.64 +2.26%

Jeff Bailey : 5/8/2006 10:37:33 AM

Honeywell (HON) $43.70 -0.95% Link ... percentage loser among Dow components. Breadth positive at 20:10.

Jeff Bailey : 5/8/2006 10:32:24 AM

Intel (INTC) $20.18 +3.38% Link ... percentage gainer among Dow Components (small price weighting) with Am Tech/JSA Research upgrading to "buy" from "hold."

Jeff Bailey : 5/8/2006 10:28:12 AM

$0.10 bid alert ... for the SUN-EQ ... SUN $77.04 -2.38% ... Looking to buy these NAKED calls back for $0.10. Free up any equity/margin requirement.

Jeff Bailey : 5/8/2006 10:24:03 AM

Navajo Refinery To Be Down 2 Weeks In Late May

DJ- Dallas-based independent refiner Holly Corp. (HOC) said its 75,000-barrel-a-day Navajo refinery in Artesia, New Mexico, will be shut for two weeks in May for work.

The shutdown will cause the company to lose about 700,000 barrels of production, said Stephen J. McDonnell, Chief Financial Officer.

During the shutdown, Holly will be conducting work on the first phase of an expansion project. This phase aims to move the refinery's capacity from 75,000 barrels a day to 82,000 barrels a day, McDonnell said.

In addition to the Navajo refinery, Holly operates a smaller plant in Woods Cross, Utah.

HOC $79.86 +3.84% Link

Jeff Bailey : 5/8/2006 10:21:08 AM

Nymex Crude Drops Below $69 on Iran Letter

Jeff Bailey : 5/8/2006 10:18:38 AM

ICE DAILY/WEEKLY/MONTHLY Pivot Levels at this Link

Jeff Bailey : 5/8/2006 10:08:38 AM

ICE $76.74 +3.13% ... New highs.

Jeff Bailey : 5/8/2006 10:02:59 AM

10:00 Market Watch found at this Link

Jeff Bailey : 5/8/2006 9:51:38 AM

OI Newsletter Plays found at this Link

Jeff Bailey : 5/8/2006 9:47:48 AM

AMR Corp. (AMR) $28.99 +1.68% Link ... sets up to challenge March 21 highs.

Jeff Bailey : 5/8/2006 9:44:57 AM

Current OPEN MM Profiles found at this Link

Jeff Bailey : 5/8/2006 9:40:13 AM

President Bush Nominates Air Force General Hayden To Be CIA Chief

Jeff Bailey : 5/8/2006 9:36:28 AM

S&P 100 (OEX.X) 60-minute interval chart with MONTHLY/WEEKLY Pivot retracement at this Link

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