Friday, May 6, 2005

Once again, the YI zero line acts as an area of resistance for the market.

YI: 0

Trying to bottom out here: DBLE
Trying to hold some rising trend line support: AC, GLW, TXU, and WDC
Trying to hold the 28 DMA: SGDE
To hold for now: DELL, DPH, and ELY
Trying to break above some falling trend line resistance here: BKX index, CDE, CHK, DD, HIT, HMC, KEA, MDC, MSFT, NSM, PDG, PPG, RAI, SEE, SMH, SSTI, SUN, TMO, VRTS, X, XAU index, and the XCI index.
Trying to break above the 28 day moving average here: AA, AEM, AHO, ALTI, BPOP, CDE, CGI, CSTR, DD, DELL, DPH, EBAY, EWC, EWD, EWI, EWP, EWQ, FLEX, INTU, IWM, KGS, LU, MER, MEX index, NDX index, PNRA, PTR, 4Q, SFP, SMTC, SNE, TASR, TLK, TQNT, VRTS, and XLK
Moderately overbought now: ACAS, ALEX, CCC, DVY, EWM, E-Mini 500, GM, IIX index, MO, MRK, PETM, RGLD, WB, and WTS
Overbought now: LMT and WGII
Up against some rising trend line resistance here: DRG index and DUK
Possible top here: DRG index, DUK, GOOG, GR, MSCC, NFI, and STMP
Break out in either direction on the way: FDP, PDE, RADN, and RHAT
And of course, anything posted here may be way off base, like the Yankees recently! :^)

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