Indices
Dow + 62.59 at 10,673.79  -   Nasdaq + 0.93 at 2,031.25  -  S&P 500 + 6.64 at 1,190.80 

Market Wrap
(From Briefing):

It was a surprisingly unimpressive day given the gains in the indices...stocks opened higher across the board as a modest increase of 0.2% in the January core CPI eased inflation fears that had been stoked by the PPI core rate jump of 0.8% on Friday...in addition, the dollar rebounded a bit after Japan, South Korea, and Taiwan governments all said they had not been selling dollars...that eased fears that dollar weakness might lead to selling of US treasury bonds and thus produce higher interest rates...yet, despite this set of decent news, the S&P and Dow managed to recover less than half of Tuesday's losses, and the Nasdaq only one-eighth...volume was on the light side, suggesting that buyers weren't flocking back and that underlying concerns about inflation and interest rates persist...corporate news was light...there were some decent fourth quarter earnings reports, but Lowe's, Masco, Dana Corp., Dollar Tree, and Jack in the Box, among others, warned for the current quarter...that increased concerns about a first quarter profit slowdown...the February 2 FOMC minutes reflected only modest concern about inflation, with a focus on labor costs...oil was down $0.25 to $51.17 a barrel...the 10-year note was up 5/32 to yield 4.27%...NYSE Adv/Dec 2191/1139. ..NASDAQ Adv/Dec 1654/1458.

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Today's Picks - February 24, 2005

1.   APD - Air Products Chem

Entry Date	Exit Date	Position	Entry Price	Target Price	Stop Price	Max P/L
02-24		Long	Above 15 high	Sell 1/2 once risk covered	Below LOD at time of setup
	* Please Note: If the stock gaps down at the open do not enter the trade unless it trades above 61.26

2.   KEG - Key Energy

Entry Date	Exit Date	Position	Entry Price	Target Price	Stop Price	Max P/L
02-24		Long	Above 15 high	Sell 1/2 once risk covered	Below LOD at time of setup
	* Please Note: If the stock gaps down at the open do not enter the trade unless it trades above 13.63

3.   FRO - Frontline

Entry Date	Exit Date	Position	Entry Price	Target Price	Stop Price	Max P/L
02-24		Long	Above 15 high	Sell 1/2 once risk covered	Below LOD at time of setup
	* Please Note: If the stock gaps down at the open do not enter the trade unless it trades above 51.16

4.   DOW - Dow Chemical

Entry Date	Exit Date	Position	Entry Price	Target Price	Stop Price	Max P/L
02-24		Long	Above 15 high	Sell 1/2 once risk covered	Below LOD at time of setup
	* Please Note: If the stock gaps down at the open do not enter the trade unless it trades above 54.40

5.   GD - Gen Dynamics

Entry Date	Exit Date	Position	Entry Price	Target Price	Stop Price	Max P/L
02-24		Short	Below 15 min low	Cover 1/2 once risk covered	Above HOD at time of setup
	* Please Note: If the stock gaps up at the open do not enter the trade unless it trades below 102.95

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EOD = End of day.
LOD = Low of day.
PDC = Previous Day's Close.
S/R = Support/Resistance.
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